Orange National Bancorp: The holding company for...

Orange National Bancorp: The holding company for Orange National Bank posted first-quarter operating earnings of $415,000, or 22 cents a share, a 36% decline from the $645,000, or 35 cents a share, for the first three months last year. A year ago, the company had a $230,000 gain from an accounting change. Total assets of the Orange-based company rose 3% to $212.6 million from $207 million.