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/FIRST ADD -- NY069 -- LIBERTY BANCORP, INC. EARNINGS/

 Non-performing assets totaled $974,000 at June 30, 1993, as compared to $1.0 million at Dec. 31, 1992. At June 30, 1993, and Dec. 31, 1992, non-performing assets as a percentage of total assets is .19 percent and .20 percent respectively as a percentage of allowance for loan losses was 30.18 percent and 35.37 percent respectively. During the second quarter a specific reserve in the amount of $160,000 was established on two commercial office buildings in which the Savings Bank has a 25 percent interest in a $2.0 million loan. The loan is 30 days delinquent and approximately 18 months of real estate taxes are delinquent.
 Savings deposits increased $14.1 million or 3.30 percent to $440.8 million at June 30, 1993, from $426.7 million at Dec. 31, 1992. Savings deposits in the amount of $11.6 million were purchased as part of a branch acquisition which was finalized in June of 1993. At June 30, 1993, borrowed funds amounted to $7.1 million as compared to $2.3 million at Dec. 31, 1992, an increase of $4.8 million or 213.21 percent. The additional borrowings and the proceeds of the branch acquisition were used to fund loan originations.
 Stockholders' equity totaled $70.1 million or 13.31 percent of assets as of June 30, 1993, an increase of $2.7 million or 4.03 percent from $67.4 million at Dec. 31, 1992. The increase resulted from net income of $3.3 million plus credits from employee stock plans of $526,000 offset by dividends paid to stockholders of $599,000 and Treasury Stock purchased of $543,000.
 Liberty Federal Savings Bank is a federally chartered stock savings bank. The Savings Bank is a community-oriented bank offering traditional deposit and mortgage loan products. It operates three offices, one in northwestern Chicago and the others in Glenview and Morton Grove, Ill.
 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION,
 RESULTS OF OPERATION AND
 SELECTED FINANCIAL RATIOS ARE ATTACHED
 LIBERTY BANCORP, INC.
 CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
 (dollars in thousands)
 June 30, Dec. 31,
 ASSETS 1993 1992
 (Unaudited)
 Cash and due from banks $ 5,472 $ 7,299
 Interest-earning deposits 6,858 6,617
 Federal funds sold 0 300
 Commercial paper 5,050 4,800
 Investment securities 21,328 20,907
 Mortgage-backed securities 40,986 44,932
 Loans receivable, net 430,514 403,978
 Accrued interest receivable 2,628 2,517
 Real estate owned or in judgment 0 363
 Premises and equipment, net 2,868 2,939
 Goodwill and other intangibles 229 0
 Prepaid expenses and other assets 7,174 6,197
 Deferred federal and state
 income taxes 3,240 3,187
 Total assets $526,347 $504,036
 LIABILITIES AND STOCKHOLDERS' EQUITY
 Deposits $440,762 $426,701
 Borrowed funds 7,078 2,267
 Advance payments by borrowers
 for taxes and insurance 3,888 3,656
 Accrued expenses and other
 liabilities 4,520 4,030
 Total liabilities $456,248 $436,654
 Preferred stock, $.01 par value,
 authorized 1,000,000 shares;
 none outstanding $ 0 $ 0
 Common stock, $.01 par value,
 authorized 5,000,000 shares;
 issued 3,306,250; outstanding
 3,000,491 shares 33 33
 Additional paid-in capital 31,185 31,222
 Treasury stock - 305,759 shares
 acquired at cost (5,139) (4,774)
 Retained earnings, substantially
 restricted 47,238 44,504
 Common stock purchased by:
 Employee stock ownership plan (2,078) (2,267)
 Management recognition & retention (1,140) (1,336)
 Total stockholders' equity $ 70,099 $ 67,382
 Total liabilities & stockholders
 equity $526,347 $504,036
 -0- 7/12/93 AA NY069
 /PRNewswire -- July 12/
 /SECOND AND FINAL ADD TO FOLLOW/
 (LBCI)


CO: Liberty Bancorp, Inc. ST: Illinois IN: FIN SU: ERN

LR -- NY069A -- 0533 07/12/93 15:26 EDT
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Date:Jul 12, 1993
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