New Mission Viejo S&L; Reports Profits, Assets

Cornerstone Savings & Loan Assn. in Mission Viejo, closing in on its first year of operations, posted a profit of $61,000 for the second quarter and $142,000 for the half.

The S&L; began operating on Aug. 27, 1985, and through the end of last year posted net earnings of $247,000.

At the end of June, Cornerstone had assets of $34.1 million, a 62.4% increase over its year-end assets of $21 million. Its loan portfolio on June 30 was $18.7 million, and its deposits stood at $31 million.