First Citizens Bank Reports $250,629 Profit

First Citizens Bank, a single-office bank in Sherman Oaks that caters mostly to business clients, said it earned a $250,629 profit last year, compared with a $75,088 loss in 1987.

The profit, which equaled 60 cents a share in the year that ended Dec. 31, came on a 35% increase in First Citizens’ assets, to $27.6 million from $20.4 million the previous year. The bank’s deposits increased to $24 million from $17.2 million.