Earnings at Charleston-based Harbor National Bank slipped in the fourth quarter of 2013, but its profit was up more than 50 percent for the entire year compared to 2012, the lender said.
Net income totaled $578,810 for the October-December period, down 28 percent from the year-earlier period.
For all of 2013, the bank had earnings of $2.21 million, an increase of 51 percent over 2012.
Loans were up 8.5 percent, deposits grew 7.1 percent and total assets increased 9.2 percent to $298.4 million last year.
"Our goal is to continue a strategy of quality growth and solidify our position as one of the highest rated banks in South Carolina," CEO Charles F. Rivers III said in a statement.
The community bank, which opened in 2006, said it's looking at sites in Summerville for its fifth retail branch.
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