Encino State Bank Reports 4th-Quarter Dip

Encino State Bank reported a net income of $90,849 for the fourth quarter ended Dec. 31, down from $182,506 for the like quarter in 1999. It reported net income for the year at $1.2 million, up from $274,800 in 1999.

As of Dec. 31, bank assets were $114.7 million.

Encino State Bank has full-service commercial offices in Encino and Santa Monica and a loan production office in Warner Center.