BYL Bancorp

The Orange holding company for the BYL Bank Group reported net income of $78,000, or 3 cents a share, for the fourth quarter, compared with earnings of $892,000, or 35 cents a share, for the prior year’s final three months. Quarterly revenue was $7.8 million. No figure was given for the last quarter of 1999. For the year, BYL earned $1.3 million, or 50 cents a share, more than 50% lower than $3.1 million, or $1.21 a share, earned the prior year. Earnings were down mainly because of $4.7 million in one-time expenses from a restructuring of operations and the pending acquisition by PBOC Holdings. Annual revenue fell 12% to $35.6 million.