First National Corp., parent company of First...

First National Corp., parent company of First National Bank, reported that net profit fell 52% to $112,000 for the third quarter ended Sept. 30. Assets grew 22% to $124 million and deposits rose 35% to $106.6 million. Total loans rose 21% to $95.5 million.

For the nine-month period, net profit fell 38% to $413,000. Chairman Malin Burnham linked the earnings decline to “increased occupancy costs associated with our current and projected space needs in our new headquarters building.”