First Citizens Bank Shows Rise in Net Income
First Citizens Bank of Sherman Oaks reported improved operating results for the second quarter and six months that ended June 30.
Net income for the quarter rose to $133,000, or 23 cents per share, from $68,000, or 12 cents per share for the same quarter last year. For the six months that ended June 30, net income improved to $257,000, or 45 cents per share, compared to $44,000, or 8 cents per share, for the first half of 1994.
On June 30, total assets amounted to $45.1 million; loans totaled $21.1 million and total deposits were $39.7 million, according to Frank J. Sabetta, president and CEO.
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