Earnings Rise by 11.8% at TransWorld Bancorp

Sherman Oaks-based TransWorld Bancorp reported earnings of $274,000 in the third quarter ended Sept. 30, up 11.8% from $245,000 a year earlier.

TransWorld, the holding company for TransWorld Bank, said net income in the nine months ended Sept. 30 was $661,000, a 32.2% increase from $500,000 a year earlier.

Assets were $149.7 million at the end of the quarter, up 8.5% from $138 million a year earlier. Deposits rose nearly 5% to $128.9 million on Sept. 30, from $122.8 million one year earlier.