California United Bank of Encino reported ending 2008 with a nearly 200 percent increase in pre-tax net income and no toxic assets. Net income for the full year was $2.673 million, or $0.53 per diluted per share, compared to $29,000, or $0.01 per diluted share, in the prior year. Total assets increased 46 percent in the year, to $379.4 million while total deposits were up 29 percent, to $245.7 million. The independent business bank did it all without receiving any money from the U.S. Treasury’s Capital Repurchase Program, said CEO David Rainer. While some financial institutions have been criticized for just sitting on their money, CUB is doing the opposite. Lending was up 43.7 percent in the year, with the bank reporting a total of $232.2 million in loans.