West Coast Bancorp: The Newport Beach bank...

West Coast Bancorp: The Newport Beach bank holding company said net income for the second quarter totaled $85,000, or 1 cent a share, contrasted with a net loss of $64,000, or 1 cent a share, for the 1995 second quarter. The company said its second-quarter profit resulted from a gain of $194,000 from the sale of 56% of its holdings of Business & Professional Bank common stock. For the first half, a net loss of $186,000, or 2 cents a share, was recorded, compared with a net loss of $324,000, or 4 cents a share, for the first six months of 1995. Total assets dropped 11% to $105.9 million from $118.9 million.