First Citizens Bank Reports $86,000 Profit

First Citizens Bank in Sherman Oaks reported a profit of $86,555, or 23 cents a share, for the six months that ended June 30, against a loss of $115,121 during the comparable period a year ago.

First Citizens, formed in September, 1986, is a single-office bank that caters principally to business customers. The bank said its deposits as of June 30 rose 74% from a year earlier, to $22.5 million from $12.9 million, and that its assets climbed 61% to $25.9 million from $16.1 million.

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