US-listed Signature Bank, which provides services including private banking, said net income for the three months to 30 June reached a record of $22.3 million, almost double the $12 million figure for a year ago, mostly driven by rising net interest income on the back of higher deposit and loan growth.

Net interest income for the 2010 second quarter reached $81.1 million, up $20.5 million, or 33.9 per cent, when compared with the 2009 second quarter. Total assets were $10.38 billion at 30 June, an increase of $2.5 billion, or 31.7 per cent, from $7.88 billion for the 2009 second quarter.

Deposits for the 2010 second quarter rose $570.9 million, or 7.2 per cent, to $8.47 billion.

Three private client banking teams joined Signature during second quarter, the bank added.