Ohana Pacific Bank’s earnings jumped 53.8 percent in the third quarter as deposits rose by double digits over the year-earlier period.

The Honolulu-based bank, which opened in June 2006, said Wednesday in its most recent financial report that net income rose to $243,000 from $158,000 in the third quarter of 2016.

Deposits soared 18 percent to $126.4 million from $107.1 million while loans edged up 3.6 percent to $109.1 million from $105.3 million. Assets grew 16.1 percent to $143.6 million from $123.7 million.

“The bank had another quarter with double-digit growth in total assets, total deposits and net income, which has exceeded our expectation,” Ohana President and CEO James Hong said in a statement. “We had good loan production, but loan growth stayed at 3.6 percent due to large payoffs. Deposit increases were excellent, especially in savings and certificate of deposits.”

Last quarter the bank’s net interest income, the difference between the interest it pays on deposits and the interest it receives on loans, increased 18.3 percent to $1.2 million from just over $1 million in the year-earlier quarter. Noninterest income, which includes service charges and fees, rose 15.1 percent to $84,000 from $73,000.

Ohana operates two branches and as of Sept. 30 had 23 full-time-equivalent employees, up from 19 a year ago. Ohana’s headquarters and main branch is at 1357 Kapiolani Blvd. — a block from Ala Moana Center. The bank also has an in-store branch that opened in December 2013 at Palama Super Market in Kalihi.

Ohana’s thinly traded stock, which trades over the counter, last traded on Tuesday when it closed at $6.38.