Coast Savings & Loan Assn.: The Los...

Coast Savings & Loan Assn.: The Los Angeles-based thrift said net income dropped to $4.9 million for the quarter ended March 31 from $10.5 million for the first quarter of 1988. During the first quarter, the association’s new loans totaled $690.1 million, compared to $748.6 million during the first quarter of 1988. On March 31, Coast’s assets totaled $12.9 billion, up from $11.4 billion a year earlier.