Charter Pacific Bank Says 4th-Quarter Profit Up 88%

Charter Pacific Bank in Agoura Hills said its net income for the fourth quarter that ended Dec. 31, 1989, increased 88% to $254,000 from $135,000 a year earlier. The three-branch bank said its total assets at Dec. 31 were $69.29 million, or 27% higher than a year before, when it had total assets of $54.38 million.

For the full year 1989, Charter Pacific said its profits increased 62% to $1.12 million from $686,124 in 1988.