Premier Bank Earnings Up 25% for Period

Premier Bank in Northridge said its net income for the fourth quarter ended Dec. 31 rose 25% to $210,837 from $168,812 a year before. The bank’s assets as of Dec. 31 increased 20% to $84.6 million from $70.4 million a year earlier.

For the full year 1989, Premier’s net income increased about fifteen-fold to $843,241 from $56,023 in 1988.

Premier has three offices.