Pacific Coast Bank Reports Steady Profit

Sherman Oaks-based American Pacific State Bank posted a third-quarter profit of $1 million, or 19 cents per share, in line with last year’s earnings for the period, the company reported.

For the first nine months of the year, the Valley’s largest independent bank reported a profit of $2.53 million, up 10% from the $2.29 million posted for the year-ago period.

Loan growth increased by 23% for the bank, which has $375 million in assets.