Mercury Savings & Loan in Huntington Beach...

Mercury Savings & Loan in Huntington Beach reported net income of $1.5 million for the second quarter, a 61% drop from $3.8 million earned in last year’s second quarter. Total quarterly income rose 5% to $58.5 million from $55.6 million last year. For the first six months, the S&L;’s net income fell 65% to $2.6 million from $7.4 million earned last year. Revenue grew slightly to $115.4 million for the period from $113.9 million last year. The S&L;’s assets increased 9% to $2.4 billion at the end of June from $2.2 billion a year earlier. Total deposits grew 11% to $2 billion at the end of June from $1.8 billion a year earlier, while total loans rose 12% to $1.9 billion this year from $1.7 million last year.