WHEELING, Ill. -- Cole Taylor Financial Group, a $1.7 billion asset holding company, reported net income for the second quarter of $4.1 million, or 30 cents per share.

The total was up 68% from the $2.4 million, or 20 cents a share, of the year-earlier perioed.

Annualized return on assets increased to 0.98%, from 0.67% a year before.

For the first six months of 1994, net income increased 60% to $7.6 million, or 58 cents per share, from $4.7 million, or 38 cents a share, in the same period last year.

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