American Pacific Bank Quarterly Earnings Up 9%

American Pacific State Bank in Sherman Oaks, the nation’s sixth-largest generator of Small Business Administration loans, said its earnings rose 9% in the second quarter ended June 30, to $557,000 from $509,000 a year earlier.

The bank’s six-month profit was $1.1 million, a 9% gain from $1.01 million in 1991’s first half. American Pacific attributed its earnings growth to increased fee income, strong demand for SBA loans and cost controls.

The bank’s assets grew to $228 million as of June 30, up 9% from $209 million a year earlier.