First National Corp. Posts 21% Jump in Income for 6 Months Ended June 30

First National Corp., parent company of First National Bank, reported that net income rose by 21% to $1.1 million for the six-month period ended June 30. Assets rose by 13% to $359 million, total loans rose by 26% to $253 million and deposits rose by 13% to $324 million.

For the second quarter, First National reported that net income rose by 6% to $404,000.

The company said first-half net income was hurt by $330,000 in pre-tax expenses generated by the May 29 merger of First National Bank with National Bank and National Bank of Fairbanks Ranch.