Earnings Drop 14% for TransWorld Bancorp
TransWorld Bancorp in Sherman Oaks said its second-quarter net earnings fell 14% compared to the same period a year earlier, from $601,000 to $516,000.
Net earnings for the six months that ended June 30 were $1.02 million. That compares to $1.2 million for the same period last year, which included a $66,000 non-recurring gain.
Total assets as of June 30 were $236.7 million compared to $219.1 million a year ago, an 8% increase.
TransWorld Bancorp is the parent firm of TransWorld Bank.
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