Eldorado Bancorp Posts Record Net of $1.8 Million

Eldorado Bancorp, a one-bank holding company for Eldorado Bank in Tustin, posted record net income of $1.8 million for 1986, 28.6% higher than the $1.4 million earned in 1985.

Net income in the fourth quarter, however, fell sightly to $450,000 from $455,000 posted in the previous year’s fourth quarter.

The company’s total assets, nearly all of which come from the bank, grew 5.3% to $180.7 million at the end of the year from $171.6 million a year earlier, making it one of Orange County’s largest independent banks.