Eldorado Bancorp Reports Profit Increase for Third Quarter

TUSTIN — Eldorado Bancorp, the parent company of Eldorado Bank, reported a profit of $895,000, or 33 cents a share, for the third quarter, a 24% increase from $722,000, or 27 cents a share, for the same period a year earlier. For the first nine months of 1992, earnings totaled $2.6 million, or 95 cents a share, up 13% from the $2.3 million, or 86 cents a share. As of Sept. 30, total assets were $346.7 million, 17% higher than the $295.3 million recorded at the same time last year. J.B. Crowell, president and chief executive, attributed the increase in income to wider margins from declining interest rates; gains on the sale of Small Business Administration loans; and the acquisition last fall of two San Clemente branch offices.