Pacific Liberty Bank Posts First-Quarter Profit

Pacific Liberty Bank in Huntington Beach on Friday reported net income of $150,000, or 27 cents a share, for the first quarter, contrasted with a net loss of $22,000, or 4 cents a share, for last year’s first three months. Quarterly revenue grew 74% to $883,000. Assets rose 62% to $41.6 million at the end of March from a year earlier.