Washington Federal Savings Bank, one of the D.C area's largest thrifts, said it earned $5.6 million in the fiscal year ended June 30, compared with $7.1 million in fiscal 1992.

Officials said the 21% decrease in the $633 million-assets thrift's earnings was attributable to reduce interest income and a $2.1 million decrease in gains on the sale of assets.

Washington Federal, which for years had been troubled by a thin capital base and high level of nonperforming assets, had a $1.8 million gain in the 1992 fiscal year from the sale of real estate owned.

Washington Federal raised $15.3 million in June from a stock rights offering, curing its capital problems and releasing it from an Office of Thrift Supervision capital directive.

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