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BSD BANCORP REPORTS FIRST QUARTER 1992 RESULTS

 BSD BANCORP REPORTS FIRST QUARTER 1992 RESULTS
 SAN DIEGO, April 15 /PRNewswire/ -- BSD Bancorp Inc. (AMEX: BSD)


today announced net income of $26,000, or $.01 per share, for the first quarter ended March 31, 1992, compared to $339,000, or $.09 per share, for the first quarter of 1991. Total assets for BSD Bancorp Inc. at the end of the quarter stood at $426.3 million compared to $445.9 million one year ago.
 Reported earnings, though down from first quarter 1991, represent a reversal from the loss of $4.4 million in fourth quarter of 1991, which was primarily due to substantial provisions for loan losses.
 Positive impacts during the quarter compared to last year include an increase in non-interest income due to higher trust fees generated by North American Trust Company, and a decrease in non-interest expenses. Having a negative impact on the quarter's results were lower net interest income and a slightly higher provision for possible loan losses.
 Non-performing loans at March 31, 1992, totaled $15.5 million, compared to 15.9 million at year-end 1991, and $17 million at March 31, 1991.
 BSD Bancorp's loan reserves at the end of the first quarter stood at 2 percent, as compared to 1.8 percent at year-end 1991 and to 1.3 percent one year earlier. The company's primary capital now stands at 7 percent, compared to 7.3 percent one year ago.
 "While we are pleased with the positive earnings for the quarter, we retain a cautious outlook for the economy and believe that it is too early to say that it has turned," said James S. Brown, chairman and chief executive officer.
 BSD Bancorp is a diversified holding company serving banking and trust markets predominately in Southern California.
 -0- 4/15/92
 /CONTACT: James S. Brown chairman and CEO, 619-237 5365 or Marilyn Creson Jones CFO 619-237-5366, both of BSD Bancorp/
 (BSD) CO: BSD Bancorp ST: California IN: FIN SU: ERN


EH -- SD002 -- 8459 04/15/92 07:36 EDT
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Date:Apr 15, 1992
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