Conservative Policy Credited for Lincoln Bancorp Gains

Citing a “conservative operating philosophy,” Lincoln Bancorp Chairman and Chief Executive John J. Keating said the company’s net income last year was $1.4 million, or 86 cents a share, a 37% increase over 1985 results. The Encino-based parent of Lincoln National Bank said deposits jumped 60%, to $229.6 million. Assets were nearly $242 million as of Dec. 31, a 56% increase over a year earlier.