Viejo Bancorp, the holding company for Mission...

Viejo Bancorp, the holding company for Mission Viejo National Bank, posted net income of $550,000 for the first quarter, a 75% increase from $315,000 in earnings in the first quarter of 1988. Total quarterly revenue rose 50% to $3.6 million this year from $2.4 million last year. The company’s assets--mainly bank assets--were $89.4 million at the end of March, a 23% increase from $72.9 million a year earlier. The bank’s total deposits grew 20% to $81.4 million at the end of the period from $67.9 million a year earlier, while total loans rose 58% to $66.1 million from $41.8 million.