Monarch Bancorp: The Laguna Niguel company said...

Monarch Bancorp: The Laguna Niguel company said net income for the first quarter was $893,000, or 3 cents a share, compared with earnings of $79,000, or 1 cent a share, for the like period last year. Results for the first quarter of 1997 included the earnings of Western Bank, which was acquired Sept. 30.