S. Alabama Bancorp's profits decline.

MOBILE, Ala. -- South Alabama Bancorp. earned $589,000 in the third quarter, down 3% from the prior year.

The third quarter decrease in earnings is the result of a $60,000 tax credit that boosted 1992 earnings.

The banking company earned $2.7 million for the first time months of the year, up 55% for the same time a year ago.

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