LAKE WORTH, Fla. -- Suburban Bankshares continued to work its way back to profitablility- earning $168,000 in the first quarter, compared with profits of $18,000 the same time a year ago.

The company received $126,000 in insurance proceeds related to the death of a former director Suburban president John H. Dorland said restructured and nonperforming assets decreased to $10.8 million from $11.4 million in the fourth quarter of 1993, as a result of loan paydowns, chargeoffs, and liquidation of property.

Suburban's leverage- capital ratio reached 4.02%, up from 3.77% in the fourth quarter.

Suburban, which has four banking offices and $155 million of assets, expects to complete a merger with 1st United Bancorp, Boca Raton, in the second quarter.

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