American West Posts $535,633 Profit for ’95

American West Bank posted a $535,633 profit for 1995, compared with a loss of $31,245 for 1994.

In the fourth quarter, the Encino-based bank posted a $252,326 profit, up 12-fold from its $20,381 profit in the same period a year earlier.

The quarterly profit includes a $90,000 adjustment to income taxes due to profits from some deferred tax assets.

Total assets at year-end were $57.4 million, down 7% from $61.9 million in December 1994.