TransWorld Bancorp Says 2nd-Quarter Profit Up 75%

TransWorld Bancorp, the Sherman Oaks holding company for TransWorld Bank, said its second-quarter profit jumped 75% from a year earlier, to $530,000 from $302,000.

For the first half of this year, TransWorld’s net income surged 85%, to $1.03 million, from $554,000 in the comparable 1988 period.

TransWorld said its total assets climbed 10%, to $200.8 million as of June 30 from $181.9 million a year earlier, and its total loans outstanding rose 7% to $121.5 million from $113.1 million.