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Pacific Inland Bancorp, the holding company for...

Pacific Inland Bancorp, the holding company for Pacific Inland Bank in Anaheim, posted a net loss of $1.2 million last year, contrasted with net income of $201,000 the previous year. Revenue grew 8% to $12 million last year from $11.1 million the previous year. For the fourth quarter, the company reported a net loss of $5,000, contrasted with $363,000 in earnings for the fourth quarter of 1987. Quarterly revenue fell 6% to $3.2 million last year from $3.4 million. Most of the loss--$664,000--came from the company’s asset management subsidiary, Trident Investment Management Inc. The bank, which put $1.4 million in reserve against loan losses, added $376,000 to the firm’s loss. The company’s assets slipped slightly to $85.4 million at the end of December from $86.7 million a year earlier. Total deposits grew 3% to $74.6 million at the end of the year from $72.6 million a year earlier, while total loans rose 12% to $58.2 million from $52 million.


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