NetBank Earnings Nearly Double

NetBank Inc., Atlanta, has reported net income of $15.6 million ($0.32 per share) for the third quarter, compared with $8.5 million a year earlier.Among the highlights the bank reported for the third quarter were record mortgage production of $5.7 billion, including record originations through the nonconforming channel of $589 million, and strategic retention by the bank of $586 million in company-originated loans. NetBank originated $5.1 billion in conforming mortgages during the quarter, a slight decrease from last quarter's record numbers. On the nonconforming side, the company originated $589 million in loans. NetBank can be found on the Web at http://www.netbank.com.