Western Security Bank Reports Doubling of Profit
Western Security Bank, a one-office bank in Toluca Lake, said its second-quarter profit more than doubled from a year earlier, to $356,100 from $144,800.
For the six months that ended June 30, Western Security’s earnings jumped to $605,500 from $261,900 in the comparable period of 1988.
The bank said its assets as of June 30 totaled $65.3 million, up 4% from $62.6 million a year earlier, and its deposits rose 2% to $58 million from $56.7 million.
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