Sunwest Bank in Tustin posted net income...
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Sunwest Bank in Tustin posted net income of $303,000 in the first quarter, an 88% increase over $161,000 earned in 1987’s first quarter. Quarterly revenues rose 33% to $5.2 million from $3.9 million last year. Sunwest’s assets were $201.1 million at the end of March, a 27% increase over $158.2 million a year earlier. Deposits grew 31% to $180.1 million at the end of the quarter from $138 million a year earlier, while loans rose 32% to $155.7 million from $117.8 million.
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