Ohana Pacific Bank rode double-digit-percentage loan growth to its 15th consecutive profitable quarter, but earnings fell 7.3 percent amid lower fee income and expenses tied to the opening of a Kalihi branch in December.

The state’s smallest bank, which on Dec. 14 opened an in-store branch within the Palama Super Market in Kalihi, said earnings fell to $242,000 in the second quarter from $261,000 in the year-earlier period.

But loans, deposits and assets all gained significantly. Loans rose 15.9 percent to $77.1 million from $66.5 million. Deposits increased 8.5 percent to $97.3 million from $89.6 million, and assets grew 8.1 percent to $112 million from $103.5 million.

"Relatively fast growth is believed to be due mostly to improving recognition in the community in general, especially after the opening of the new branch and continued good financial performance," Ohana President and CEO James Hong said Thursday. "Our loan network is expanding in the community with a growing interest in our loan products and services. Our deposit base also is growing, especially in (direct deposit authorization) and other transactional accounts as more customers, both personal and business, are opening new accounts with us."