San Diego Trust Bank reported audited 2012 net income of $1.82 million, up 13 percent from $1.61 million for the prior year.

The bank said it turned in its 33rd consecutive profitable quarter in the fourth quarter.

Total assets grew 13 percent to $242 million, while total deposits increased to $188 million, up from $168 million in the fourth quarter of 2011.

Loans were $37 million at the end of last year compared with $39 million for the like quarter of 2011.

Chairman and CEO Mike Perry said he was pleased to report the results despite the many challenges the industry faces, including continued pressure on margins, lackluster economic growth and the increased regulatory burden.

SDT reported holding zero past due or non-accrual loans. Its capital ratios were among the best in its peer group, with total risk-based capital at 29.7 percent. That’s nearly three times the amount to be classified as well-capitalized.

It’s also helped SDT garner a five-star rating from Bauer Financial for the 26th consecutive quarter.

—SDBJ Staff Report