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VALLEY EARNINGS

APSB Reports 38% Hike in Profit for 4th Quarter

February 09, 1988

APSB Bancorp, the holding company for American Pacific State Bank, reported a 38% increase in fourth-quarter profit to $296,000, or 31 cents a share, from $215,000, or 23 cents a share, a year earlier.

For all of 1987, the North Hollywood-based company's earnings inched up to $1.02 million, or $1.07 a share, from $1.01 million, or $1.06 a share, in 1986. APSB's assets as of Dec. 31 totaled $145 million.

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