DES PLAINES, Ill. -- Firstfed Bancshares, the $394 million-asset holding company for First Federal Bank for Savings, reported first-quarter net income of $899,000, a decrease of 30.15% from $1.3 million a year ago.

Primary earnings per share decreased to $0.31 for the first quarter, down from $0.42 in the same period in 1993.

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