Landmark Bank Posts Record Net Income

Landmark Bank on Wednesday reported record net income, up 22%, for the 1985 fiscal year.

The La Habra-based bank posted net income of $1.08 million for the year, compared to $877,600 in fiscal 1984.

For the fourth quarter, net income was ahead nearly 24%, to $389,600 from $314,600.

Craig D. Collette, president and chief executive, also reported that the bank’s assets and deposits each exceeded the $100-million mark for the first time. Assets were up 24% to $115 million from $91 million a year earlier. Deposits increased 28%, to $103 million from $82 million at the end of 1984.

Loans rose 30%, to $65 million from $50 million at the prior year-end.