Western Interstate Bancorp Posts 57.3% Increase in Net
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Western Interstate Bancorp, a holding company for Citizens Thrift & Loan Assn. in Irvine, posted net income of $141,324 in the second quarter, a 57.3% increase over the $89,843 earned in the second quarter of 1986. Net income in the first six months rose 25.3% to $199,802 from $159,418 a year earlier.
The company’s total assets at the end of June were $36.4 million, a 32.8% increase over the $27.4 million in assets a year earlier.
The T&L;’s loan portfolio rose 56.9% to $31.7 million at the end of June from $20.2 million a year earlier. Deposits grew 31% to $32.1 million from $24.5 million.
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