Pacific Crest Reports Net Income Up Slightly

Pacific Crest Capital Inc. of Agoura Hills reported net income for the fourth quarter ended Dec. 31 of $1.31 million, up slightly from $1.28 million for the same period in 1999. Loan additions for the quarter totaled $14.7 million, compared with $15.7 million.

For the year ended Dec. 31, net income rose to $5.3 million from $5.1 million. Loan additions for the year totaled $80.3 million, compared with $140.7 million.

Pacific Crest Capital Inc. is a bank holding company regulated by the Federal Reserve Board that offers specialized lending and deposit programs.