Blaming write-offs of “marginal loans,” La Jolla...

Blaming write-offs of “marginal loans,” La Jolla Bancorp, holding company for La Jolla Bank & Trust, reported earnings of $1.1 million in 1985, a drop of 51%. Assets increased 16% to $317 million, deposits rose 17% to $249 million, loans increased 4% to $202 million, and equity increased 5% to $21 million.