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HOME PORT BANCORP POSTS FOURTH QUARTER PROFIT

 HOME PORT BANCORP POSTS FOURTH QUARTER PROFIT
 NANTUCKET, Mass., Jan. 27 /PRNewswire/ -- Home Port Bancorp, Inc.


(NASDAQ: HPBC) for the second successive quarter reports a profit. The profit for the quarter ended Dec. 31, 1991 was $133,000 compared to a loss of $2.6 million for the fourth quarter of 1990. The earnings per share for the quarter eneded Dec. 31, 1991 was 7 cents compared to a per share loss of $1.24 for the fourth quarter of 1990.
 The loss for the 12 months ended Dec. 31, 1991 was $263,000 or 13 cents per share vs. a loss of $4.2 million or $2.00 per share for the 12 months ended Dec. 31, 1990.
 Loan loss provisions for the three months ended Dec. 31, 1991 was $25,000 compared to $3.6 million for the three months ended Dec. 31, 1990. Loan loss provisions for the 12 months ended Dec. 31, 1991 and Dec. 31, 1990 were $1.9 million and $7.5 million respectively.
 Non-performing loans as a percentage of total loans decreased from 7.3 percent at Dec. 31, 1990 to 3.0 percent at Dec. 31, 1991.
 Non-performing assets (non-performing loans and other real estate owned) to total assets decreased from 8.9 percent at Dec. 31, 1990 to 6.4 percent at Dec. 31, 1991.
 Loan loss reserves at Dec. 31, 1991 were 3.9 percent of total loans and 129.8 percent of non-performing loans.
 Home Port had $105.6 million in assets and $22.6 million in stockholders equity at Dec. 31, 1991, resulting in a strong capital to asset ratio of 21.4 percent.
 A cash dividend of 3 cents per share was declared for shareholders of account as of Feb. 18, 1992 to be payable March 2, 1992.
 -0- 1/27/92
 /CONTACT: John Silva of Home Port Bancorp, Inc., 508-228-0580/
 (HPBC) CO: Home Port Bancorp, Inc. ST: Massachusetts IN: FIN SU: ERN


DD-TM -- NE020 -- 3821 01/27/92 14:00 EST
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Date:Jan 27, 1992
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