Due in part to a sharp uptick in commercial loans and residential mortgages, City National Bank reported 2012 as the strongest year for the financial institution founded in 1946.

Net income for the year was $190 million, up from $34.4 million for 2011. For the fourth quarter ended Dec. 31, net income was $158 million, up from $4.3 million a year before, according to a release from the Miami-based subsidiary of Spain’s nationalized lender Bankia.