Cornerstone S&L; Hits Milestone with Profits

Cornerstone Savings & Loan Assn. of Mission Viejo reported a $126,091 net income in the second quarter, more than five times the $25,423 it earned in the second quarter last year--its first full year of operation. The S&L; posted a $205,397 net income in the first six months, compared with $71,843 in the same period last year.

The S&L;’s assets were $57.5 million at the end of June, 68% higher than the $34.2 million in assets a year earlier. Total deposits grew 71% to $53 million by the end of June.