2nd-Quarter Profit Up 25% for APSB Bancorp

APSB Bancorp, the North Hollywood parent of American Pacific State Bank, said its second-quarter profit rose 25% from a year earlier, to $451,000 from $361,000.

The company attributed the gain to strong loan demand and cost controls, among other factors. For the first half of 1990, APSB’s net income rose 21%, to $888,000 from $732,000 a year earlier.

As of June 30, APSB’s assets totaled $198 million, up 14% from $173 million a year earlier.