Earnings Increase 34% for TransWorld Bancorp

TransWorld Bancorp in Sherman Oaks reported a 34% gain in second-quarter earnings to $302,000, or 30 cents a share, from $226,000, or 23 cents a share, a year earlier.

The holding company for TransWorld Bank also said its profit for the first half of this year increased 24%, to $554,000, or 55 cents a share, from $447,000, or 45 cents a share, in the comparable 1987 period.

The per-share results were adjusted to reflect a 5% stock dividend paid in April.

As of June 30, TransWorld’s assets totaled $181.9 million, up 11% from $164.3 million a year earlier.