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SAN DIEGO COUNTY EARNINGS

Torrey Pines Group's Net Income Rises 3.6%

January 24, 1986|BILL RITTER and GREG JOHNSON

Torrey Pines Group, the parent company of Torrey Pines Bank and Torrey Pines Equity Corp., reported that, despite costs generated by "our heaviest expansion program ever," net income rose 3.6%, to $632,000, for the fiscal year ended Dec. 31. Net income rose 39.1%, to $324,000, during the fourth quarter.

Assets grew 81%, to $205 million, deposits rose 81%, to $185 million, and loans increased 60%, to $136 million.

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