Ohana Pacific Bank’s loans, deposits and assets all jumped double digits to record highs, but net income declined 36.8 percent in the second quarter primarily due to a tax reversal from the year-earlier period.

The state’s smallest bank by assets said Tuesday its earnings fell to $182,000 from $288,000 in the second quarter of 2015 when it had a $100,000 tax credit. In the just-completed quarter, Ohana Pacific had a tax expense of $122,000 — a swing of $222,000 between the two corresponding quarters.

Loans, though, soared 18.8 percent to $95.2 million from $80.1 million as all banks in the state benefited from the strong economy.

“We are very happy to report a great performance in the second quarter of 2016,” Ohana Pacific President and CEO James Hong said. “Total loans have grown by $15 million (over the past year). The increase in loans were in commercial real estate and residential real estate loans.”

The bank’s deposits increased 10.9 percent to a record $109 million from $98.3 million while assets grew 10 percent to $125.4 million from $114 million.

Ohana Pacific’s net interest income, the difference between the interest it pays on deposits and the interest it receives on loans, increased 9.2 percent to $1 million from $936,000. Its net interest margin fell to 3.45 percent from 3.60 percent.

Noninterest income, which includes service charges and fees, jumped 43.1 percent to $83,000 from $58,000.

Ohana Pacific’s loan quality improved last quarter with the bank having no nonperforming assets — delinquent loans not accruing interest and foreclosed real estate — compared with $662,000 in the year-earlier quarter.

The bank also said it successfully completed a data system conversion April 25 to provide better service to its customers.

Ohana Pacific’s thinly traded stock last exchanged hands May 2 when it closed at a 52-week high of $6.