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SC BANCORP ANNOUNCES AUDITED 1991 FINANCIAL RESULTS

 SC BANCORP ANNOUNCES AUDITED 1991 FINANCIAL RESULTS
 DOWNEY, Calif., Feb. 21 /PRNewswire/ -- SC Bancorp (AMEX: SCK),


parent company of Southern California Bank, and the board of directors announced final, audited 1991 earnings of $2.4 million or $0.69 per share, on revenues of $44.8 million. Comparable 1990 earnings were $4.2 million or $1.22 per share on revenues of $45.4 million. The final, audited results reflect an additional increase to the allowance for possible loan losses of $525,000 from previously released information. This action was initiated as a prudent measure given the continuing uncertainty of the local economies, and increases the allowance for possible loan losses to $4.6 million, or 1.5 percent of gross loans outstanding.
 During the fourth quarter of 1991, SC Bancorp earned $197,000, or $0.06 per share, after a provision for loan losses of $1.4 million. This compares to earnings of $1.2 million, or $0.33 per share, during the same period in 1990. During the fourth quarter, an annual cash dividend of $0.20 per share was declared, and paid on Jan. 15, 1992 to stockholders of record on Dec. 16, 1991. SC Bancorp's ratios for Tier 1 and total capital to risk-based assets for the year end 1991 were 8.4 percent and 9.7 percent, respectively.
 SC BANCORP
 Earnings Summary
 Audited Audited
 1991 1990
 Quarter ended Dec. 31,
 Total revenue $11,677,000 $12,803,000
 Net income $197,000 $1,160,000
 Per share earnings $0.06 $0.33
 Year ended Dec. 31:
 Total revenue $44,829,000 $45,447,000
 Net income $2,402,000 $4,220,000
 Per share earnings $0.69 $1.22
 Shares outstanding 3,468,505 3,468,505
 -0- 2/21/92
 /CONTACT: Norman Morales, executive VP of SC Bancorp, 310-923-9811/
 (SCK) CO: SC Bancorp; Southern California Bank ST: California IN: FIN SU: ERN


DM-AL -- LA016 -- 1582 02/21/92 18:09 EST
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Date:Feb 21, 1992
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