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O.C. EARNINGS

August 08, 1993

West Coast Bancorp: The Newport Beach bank holding company said it lost $2.6 million, or 28 cents a share, for the second quarter, compared to a net loss of $1.4 million, or 16 cents a share, reported for the same quarter a year ago. For the first half, the company reported a net loss of $4 million, or 44 cents a share, compared to a net loss of $1.4 million, or 15 cents a share, for the like 1992 period. The company said its 1993 losses resulted primarily from lower loan volumes and losses associated with non-performing loans and real estate it owns.

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