SC Bancorp: The Anaheim parent company of...

SC Bancorp: The Anaheim parent company of Southern California Bank posted a third-quarter loss of $908,000, or 12 cents a share, which included approximately $1.8 million in one-time, pretax charges resulting primarily from the restructuring program at the company’s sole subsidiary, Southern California Bank, and $900,000 in loan loss provisions. Net income for the year-earlier period was $502,000, or 7 cents a share.

The company reported a year-to-date loss of $133,000, or 2 cents a share, contrasted with net income of $1.9 million, or 39 cents a share, for the like period a year ago. The 1994 nine-month results included $691,000 in gains on sales of the company’s headquarters and other assets. Total assets as of Sept. 30 were $468.2 million, an increase of 16% from the $404.4 million reported at the end of the third quarter of 1994.