HOUSTON -- Coastal Banc Savings Association said its net income increased to $3.4 million in the second quarter from $2.6 million a year earlier. For the first half of 1994, net income increased 61.7% to $9.8 million

Coastal Banc Savings management said the increase in earnings came from a 65.8% increase in earning assets from a year earlier. They also cited lower rates on deposits and a $2 million reversal of an allowance for taxes, due to a settlement of certain tax issues with the Federal Deposit Insurance Corp.

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