American West Bank reported a 19% jump in net income for its second quarter compared to the same period a year earlier. For the quarter that ended June 30, the Encino-based bank had a profit of $129,029. A year earlier, its profit was $108,709.
American West's total assets declined slightly to $54.1 million June 30 from $54.7 million a year earlier. The bank's deposits also declined, to $47,289,145 from $47,999,736.