Western Security Bank Posts Quarterly Earnings
Western Security Bank said it posted fourth quarter earnings of $43,000, or 10 cents a share, compared to a loss of $26,000, or 6 cents, in the fourth quarter of 1985.
Based in Toluca Lake, 3-year-old Western Security had total assets at the end of 1986 of $25.3 million, up 75% from the prior year. For 1986 the bank’s net income rose 279%, to $193,294.
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