Pacific Inland Reports 59% Rise in Net Earnings

Pacific Inland Bancorp, the Anaheim holding company for Pacific Inland Bank and a New Jersey-based money-management firm, said that net earnings for the first quarter rose 59% to $102,782 from $64,529 during the like period last year.

Richard J. Meyer, Pacific Inland’s chairman, said in a prepared statement that the increased income resulted from profits of $167,600 generated by Pacific Inland Bank. The company’s New Jersey-based Trident Investment Management Inc. subsidiary lost $87,000 during the quarter.

During the quarter, deposits grew 71% to $45.3 million from $26.5 million a year earlier. Loans totaled $36.2 million, up 87% from $19.4 million in 1985. Total assets increased 38% to $56.6 million from $40.8 million a year earlier.