Parent of Tustin Bank Reports Rise in Profits

Eldorado Bancorp, the parent company of Eldorado Bank in Tustin, reported a profit of $511,000, or 19 cents a share, for the second quarter, a gain of 20% from earnings of $425,000, or 16 cents a share, for the same period last year. Year-to-date profit totaled $1 million, or 37 cents a share, contrasted with a loss of nearly $2 million, or 72 cents a share, for the same period of 1993. As of June 30, assets totaled $306.9 million, down 4% from the $321 million at the same time last year.