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SUBURBAN BANCORP ANNOUNCES RECORD 1992

 PALATINE, Ill., Jan. 18 /PRNewswire/ -- Today Suburban Bancorp (NASDAQ: SUBBA) President and CEO Gerald F. Fitzgerald Jr. announced the multibank holding company's annual earnings established a record high as 1992 net income rose 48.0 percent, to $12.4 million or $3.67 per share from $8.4 million or $2.41 per share in 1991.
 Fourth quarter earnings increased 43.2 percent, from $2.5 million in 1991 to $3.5 million in 1992.
 Fitzgerald attributed earnings growth to increases in net interest income, non-interest income and loan and deposit growth.
 Assets reached $1.18 billion as of Dec. 31, 1992, 10.6 percent more than
the $1.07 billion posted at year-end 1991. Deposits grew 10.5 percent during the same period, going from $968 million to $1.07 billion, and loans increased 9.5 percent from $448.2 million on Dec. 31, 1991 to $490.5 million on Dec. 31, 1992. Despite asset growth, non- performing assets fell slightly from $9.84 million or .92 percent of assets at year-end 1991 to $9.75 million or .83 percent of assets a year later.
 Book value rose 12.6 percent from $22.56 to $25.41 per share from year-end 1991 to year-end 1992.
 Suburban Bancorp owns 13 community banks in north, northwest and west suburbs of Chicago: Suburban National Banks of Aurora, Elk Grove, Lake County (Vernon Hills) and Palatine; Suburban Banks of Barrington, Bartlett, Cary-Grove, Hoffman-Schaumburg, Oakbrook Terrace, Rolling Meadows and West Brook (Westchester); Marengo State Bank, and The State Bank of Woodstock.
 SUBURBAN BANCORP
 Balance Sheet Highlights
 (In millions)
 Year ended Dec. 31 1992 1991
 Assets $1,179.6 $1,066.5
 Deposits $1,069.8 $968.0
 Loans $490.5 $448.2
 Operating Highlights
 (In millions, except per-share data)
 Year ended Dec. 31 1992 1991
 Net income $12.4 $8.39
 Net interest income $43.9 $37.28
 Provision for
 loan losses $2.27 $2.65
 Earnings per share $3.67 $2.41
 Operating Highlights
 (In millions, except per-share data)
 Quarter ended Dec. 31 1992 1991
 Net income $3.53 $2.46
 Net interest income $11.5 $9.77
 Provision for
 loan losses $0.47 $0.68
 Earnings per share $1.06 $0.71
 -0- 1/18/93
 /CONTACT: Gerald F. Fitzgerald of Suburban Bancorp, 708-359-1077/
 (SUBB)


CO: Suburban Bancorp ST: Illinois IN: FIN SU: ERN

CK -- NY029 -- 5827 01/18/93 10:40 EST
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Publication:PR Newswire
Date:Jan 18, 1993
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