Coast Savings Financial Inc.: The Los Angeles...
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From Times Staff and Wire Reports
Coast Savings Financial Inc.: The Los Angeles holding company for Coast Savings & Loan Assn. said first-quarter net income slipped 19% to $5.8 million, which includes a $5.2-million after-tax charge to reflect a drop in the market value of its high-yield bond portfolio. Coast’s non-performing assets fell $14.9 million, reducing the balance to $184.3 million at March 31. At March 31, Coast Savings exceeded the new higher capital requirements issued by the Office of Thrift Supervision.
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