SC Bancorp: The Anaheim parent company of...
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SC Bancorp: The Anaheim parent company of Southern California Bank posted third-quarter net income of $1.3 million, or 17 cents a share, compared with a net loss of $908,000, or 12 cents a share, a year ago. The third-quarter earnings last year included restructuring charges of $1.9 million and loan loss provisions of $900,000 taken to increase reserves on a few commercial real estate loans. Net income for the first nine months of 1996 was $2.9 million, or 39 cents a share, contrasted with a net loss of $133,000, or 2 cents a share, for the same period last year. Total assets were down slightly to $467.7 million from $468.2 million.
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