4th-Quarter Gain for BYL Bancorp

BYL Bancorp, parent company of the Bank of Yorba Linda, said fourth-quarter net income rose 76% to $680,000, or 40 cents a share, from $386,000, or 24 cents a share, for the same period in 1996.

Net income for the year increased 75% to $2.1 million, or $1.28 a share, from $1.2 million, or $1.04 a share the previous year.

The company’s assets on Dec. 31 totaled $164.6 million, up 41% from $116.5 million a year ago.