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NATIONAL CITY BANCORPORATION ANNOUNCES SECOND QUARTER EARNINGS

 NATIONAL CITY BANCORPORATION ANNOUNCES SECOND QUARTER EARNINGS
 MINNEAPOLIS, July 17 /PRNewswire/ -- National City Bancorporation (NASDAQ-NMS: NCBM) today announced net earnings of $1,380,000 for the second quarter of 1992, equalling $.25 per share, compared to $1,109,000, and $.20 per share in 1991. Net earnings for the six months ended June 30, 1992, were $3,476,000 or $.64 per share compared to $2,642,000, or $.48 per share in 1991. Included in net earnings for the second quarter and the year-to-date, are after-tax gains from the sale of investment securities of $83,000 and $595,000, respectively.
 Net interest income was $5,955,000 for the second quarter and the tax equivalent net interest margin was 5.12 percent compared to $6,266,000 and 5.26 percent for the same period last year.
 Net loan charge-offs were $672,000 in the second quarter and $607,000 for six months compared to $1,284,000 and $1,689,000 for the same periods last year. The company's reserve for loan losses at June 30, 1992, was $7,965,000 or 2.2 percent of loans outstanding compared to $7,131,000 and 2.1 percent at Dec. 31, 1991.
 Nonaccrual loans and other real estate acquired in foreclosure were $8.4 million at June 30, 1992, down from $11.9 million at March 31, 1992 and $9.7 million at Dec. 31, 1991.
 NATIONAL CITY BANCORPORATION
 (In thousands, except per-share data)
 (Unaudited)
 Second Quarter Ended Six Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Gross revenues $12,459 $14,558 $26,211 $29,138
 Net interest income 5,955 6,266 11,901 12,338
 Noninterest income 2,780 2,189 6,584 4,427
 Provision for loan losses 925 1,000 1,441 1,250
 Noninterest expense 5,778 5,888 11,742 11,652
 Net earnings 1,380 1,109 3,476 2,642
 Per share $.25 $.20 $.64 $.48
 National City Bancorporation is a bank holding company which owns National City Bank of Minneapolis and Diversified Business Credit, Inc. The company's stock is traded on the over-the-counter market in the NASDAQ National Market System under the symbol NCBM.
 -0- 7/17/92
 /CONTACT: David H. North of National City Bancorporation, 612-340-3185/
 (NCBM) CO: National City Bancorporation ST: Minnesota IN: FIN SU: ERN


KH -- MN004 -- 0224 07/17/92 11:45 EDT
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Publication:PR Newswire
Date:Jul 17, 1992
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