Eldorado Bancorp: The holding company for Tustin-based...

Eldorado Bancorp: The holding company for Tustin-based Eldorado Bank posted an 18% drop in net income for the third quarter, to $846,000 from $1 million for the corresponding 1989 quarter. For the first nine months of both 1990 and 1989, net earnings totaled $2.8 million. As of Sept. 30, total assets were $283.7 million, a 6% gain from the $267.5 million recorded a year ago. J. B. Crowell, president and chief executive, said the softness in third-quarter earnings resulted from lower net interest margins, slow loan activity and an increase in non-accrual real estate loans. Earnings were also affected by higher non-interest expenses in salaries, deposit insurance assessments and non-recurring expenses, he said.