A Los Angeles thrift has been taking title to a motley assortment of multifamily properties damaged by last year's Northridge earthquake as it tries to stem further losses on nonperforming loans.

As a result, while nonperforming assets at Quaker City Bancorp have declined to $20.6 million at Dec. 31, from $22.2 million last June, the company saw its foreclosed real estate nearly double from June to $4.1 million at the yearend.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.