APSB Bancorp Profits Rose 43% in 4th Quarter

APSB Bancorp, the North Hollywood parent of American Pacific State Bank, said its net income for the fourth quarter that ended Dec. 31 increased 43% to $568,000 from $396,539 a year earlier. Total assets as of Dec. 31 increased 16% to $191 million from about $165 million a year before.

For the year that ended Dec. 31, APSB said, net income increased 29% to $1.7 million from $1.3 million in 1988.