RIVERSIDE, Calif. --
Riverside National Bank posted a dramatic turnaround from a year ago, earning $856,000 in the first half of 1994 complaint to a loss of $457,000 a year earlier.
Management of the $203.3 million-asset bank chalked up profit to a 58% reduction in nonaccrual loans, a reduction in operating expenses and an unlikely $13.6 million growth in business credits.
The "Inland Empire," of which Riverside is a pan, is east of Los Angeles and has been hit hard in recent years by declining residential real estate prices.