Newport Beach-based Commerce National Bank reported net income of $519,000 for the third quarter, more than quadruple its profit in the year-earlier period.
Net interest income was $2.4 million, down 2% from a year ago.
Gains in other categories of income offset the slight decrease in interest income.
The bank set aside a smaller chunk of capital for possible loan losses—$25,000 in the latest quarter compared with $500,000 a year ago.
It also got $212,000 on sales of securities and other real-estate properties, up from $93,000 in the year-ago quarter.
Commerce National had $1.1 million in profit for the first nine months of the year, more than double the $459,000 in the same period last year.
The bank had $241.7 million in assets at the end of September, a dip from $242.5 million a year ago.
Net loans at the end of the latest quarter totaled $145.6 million, a drop of about 1% from a year earlier. Deposits also fell 2% to $209.8 million.