O.C. Thrift & Loan Scoreboard

Orange County’s thrift and loans saw their earnings shrink by a third for the first nine months of 1992. Only three of the 11 county-based thrift and loans were able to reduce the amount of bad loans on their books. Thrift and loans, a cross between banks and finance companies, are often confused with savings and loans, which also are called thrifts.

Third quarter, 1992, results (Ranked by assets)

ASSETS BAD LOANS* PR (millions) as a % of (thou total loans Thrift & Loan 1992 1991 1992 1991 1992 9 mos. First Fidelity $479.3 $467.3 9.96 % 11.73 % $2,906 Investors 369.0 253.2 3.79 1.79 3,116 Citizens 103.4 94.4 2.93 1.37 1,375 South Coast 79.2 81.2 8.19 10.33 -233 First Security 58.8 54.6 0.59 3.95 690 Huntington Pacific ** 40.5 47.8 9.04 6.21 -1,588 Heritage 28.5 40.7 2.81 2.64 -320 Tustin 29.9 26.9 2.54 2.33 84 Centennial 20.6 25.4 8.88 7.66 -162 Freedom Financial 19.7 22.9 14.87 11.58 77 Franklin 12.3 13.2 1.98 0.84 100 Totals $1,241.2 $1,127.6 n/a n/a $6,045

OFIT sands) Thrift & Loan 1991 9 mos. First Fidelity $5,638 Investors 1,582 Citizens 765 South Coast 201 First Security 996 Huntington Pacific ** -122 Heritage -201 Tustin 121 Centennial -296 Freedom Financial 286 Franklin 39 Totals $9,009

* Nonperforming loans should not exceed 3% of total loans, according to bankers and regulators.

** Regulators seized and closed Huntington Pacific in December. They closed two other thrift and loans earlier in the year.

Source: Sheshunoff Information Services Inc., Austin, Texas