John Hanson Savings Bank F.S.B.
This Beltsville-based bank said yesterday it earned $480,000, or 8 cents a share, during its first fiscal quarter, which ended Sept. 30, compared with earnings of $2.1 million, or 37 cents a share, a year ago.
John Hanson's operating results, however, represented a slight improvement over last year's first quarter during which the bank recorded one-time income of $2.7 million from the sale of $95 million of residential loans and securities.
The company said that excluding last year's one-time gain, it recorded "substantial improvements" in its operating activities over last year, though the company's prepared statement did not elaborate.
Three months ended 9/30/90