July 14, 1992
American Pacific State Bank in Sherman Oaks, the nation's sixth-largest generator of Small Business Administration loans, said its earnings rose 9% in the second quarter ended June 30, to $557,000 from $509,000 a year earlier. The bank's six-month profit was $1.1 million, a 9% gain from $1.01 million in 1991's first half. American Pacific attributed its earnings growth to increased fee income, strong demand for SBA loans and cost controls.
April 9, 1991
American Pacific State Bank in Sherman Oaks reported that its net income for the first quarter ended March 31 climbed 15% to $504,000 from $437,000 a year ago. The bank had assets on March 31 of $205 million, 7% more than a year before, when it had assets of $192 million. The bank attributed the improved results to demand for loans--in particular, federal Small Business Administration loans--as well as controls on expenses.
February 3, 1987
American Pacific State Bank said its fourth-quarter earnings rose to $215,116, or 27 cents a share, from $22,056, or 3 cents a share, a year earlier. For the year, the bank's earnings rose 234%, to $1 million, or $1.27 a share, from $300,550, or 38 cents a share, in 1985. The North Hollywood bank's performance for the year represents a sharp turnaround from 1985, when it was struggling to recover from small-business and real-estate loans that went sour.
April 30, 1996
American Pacific State Bank in Sherman Oaks posted an 11% rise in first-quarter net income. The bank, which has eight offices in the San Fernando and Santa Clarita valleys, had a profit of $653,000 in the quarter that ended March 31, compared to $577,000 in the same period a year ago. Frank Ures Jr., the bank's chief executive, said operating expenses have improved and he expects the bank to have record earnings in 1996 due to strong loan demand.