APSB Bancorp Says Profit Rose 18% in 3rd Quarter

APSB Bancorp announced that its earnings for the third quarter increased 18%, to $436,000 from $371,000 a year earlier.

APSB, the North Hollywood-based parent of American Pacific State Bank, said its assets as of 1Sept. 30 totaled $177 million, up 10% from $161 million a year earlier.

For the first nine months of this year, APSB’s profit climbed 24% to $1.17 million from $946,000 in the comparable 1988 period.