Western Security Bancorp 3rd-Quarter Profit Soars
- Share via
Western Security Bancorp, a holding company for the single-office Western Security Bank in Toluca Lake, said its third-quarter profit jumped 73% from a year earlier.
The company’s net income in the quarter that ended Sept. 30 climbed to $179,000, or 42 cents a share, from $103,000, or 24 cents a share, a year earlier.
For the first 9 months of this year, Western Security’s profit rose to $441,000, or $1.05 a share, from $235,000, or 56 cents a share.
Western Security, with assets of $62.3 million as of Sept. 30, attributed the gains to a surge in new business, cost controls and higher yields from its loans.
For detailed data and results of other companies, please see tables, Page 13.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
