Orange National Bancorp: The parent company of...

Orange National Bancorp: The parent company of Orange National Bank said net income for the first quarter declined 4% to $660,000, or 33 cents a share, from $689,000, or 35 cents a share, for the first quarter of 1997. The company said earnings were affected by costs associated with relocating a branch office and four administrative units. Total assets were up 12% to $240.5 million from $215.3 million.