First Citizens Bank Reports Higher 2nd-Quarter Profit

First Citizens Bank reported a quadrupling of its net income for the second quarter that ended June 30. The bank posted a profit of $154,149, compared to $38,272 for the same period a year earlier.

The Sherman Oaks-based bank reported its total assets increased to $29.7 million on June 30, 1989, from $25.9 million on June 30, 1988. The bank’s deposits increased to $25.6 million from $22.5 million.