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St. Paul Bancorp. reported second-quarter profits of $6 million, or 50 cents a share, up from a loss of $20.8 million, or $1.73 a share, for the period last year. The holding company for St. Paul Federal Bank for Savings had six-month earnings of $13.1 million, or $1.10 a share, up from a loss in the first half of 1990 of $15.5 million, or $1.29 a share.
The $3.6 billion thrift had June 30 non-performing assets of $50.5 million, or 1.54 percent of loans and mortgage-backed securities, up from March 31 non-performing assets of $42 million, or 1.3 percent of loans and mortgage-backed securities.
The S&L`s tangible net worth was $224.9 million, or 6.25 percent of assets, on June 30.
