BATON ROUGE, La. - Premier Bancorp on Wednesday said it earned $17.6 million for the quarter ended Sept. 30, 1993, a 39% increase over net income of $12.6 million in the third quarter of 1992.

The company said the primary reason for the improvement was improved asset quality, which permitted it to transfer $5.1 million from its loan loss allowance to its bottom line. Premier, which ended the quarter with $3.8 billion of assets, also recorded a "negative provision" for real estate write-downs of $700,000.

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