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HOME PORT BANCORP, INC. REPORTS FOURTH QUARTER RESULTS

 NANTUCKET, Mass., Jan. 29 /PRNewswire/ -- Home Port Bancorp, Inc. (NASDAQ-NMS: HPBC) reports fourth quarter 1992 net income of $277,000 or 14 cents per share compared to net income of $133,000 or 7 cents per share for the fourth quarter of 1991.
 For the year ended Dec. 31, 1992 net income was $391,000 or 20 cents per share vs. a loss of $263,000 or 13 cents per share for the comparable period in 1991.
 Provision for possible loan losses for the three months ended Dec. 31, 1992 and 1991 respectively were $0 and $25,000. For the 12 months ended December 1992 and Dec. 31, 1991, the loan loss provisions were $110,000 and $1.9 million.
 Nonperforming loans as a percentage of total loans decreased from 1.37 percent at Sept. 30, 1992 to .27 percent at Dec. 31, 1992. Nonperforming assets (nonperforming loans and other real estate owned) to total assets decreased from 2.79 percent at Sept. 30, 1992 to 1.16 percent at Dec. 31, 1992. Loan loss reserves at Dec. 31, 1992 were 3.07 percent of total loans and 1,129.3 percent of nonperforming loans.
 At Dec. 31, 1992 Home Port's total assets were $106.1 million vs. $105.6 million at year end 1991. The company's stockholders equity totaled $23 million, resulting in a capital to asset ratio of 21.7 percent.
 -0- 1/29/93
 /CONTACT: John Silva of Home Port Bancorp, Inc., 508-228-0580/
 (HPBC)


CO: Home Port Bancorp, Inc. ST: Massachusetts IN: FIN SU: ERN

CH -- NE009 -- 0842 01/29/93 14:38 EST
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Date:Jan 29, 1993
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