National Bank’s Parent Posts Loss
- Share via
California Commercial Bankshares, the Newport Beach parent company of National Bank of Southern California, incurred a second-quarter net loss of $846,000, or 33 cents a share, contrasted with a year-earlier profit of $526,000, or 20 cents a share.
A net loss of $744,000, or 30 cents a share, was posted for the first half of 1993. For the like period last year, profit totaled $1 million, or 41 cents a share.
Total assets as of June 30 were up 4%, to $367.3 million from $351.6 million.
The company attributed the second-quarter loss to lower net interest income, a $1.4-million provision for possible loan losses and $570,000 in losses on other real estate it owns.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
