Eldorado Bancorp, the Tustin-based parent company of...

Eldorado Bancorp, the Tustin-based parent company of Eldorado Bank, reported record net income of $933,000 for the first quarter, a 45% increase over net income of $644,000 for the first quarter of 1988. Total assets increased to $251 million, 3% higher than the $245 million for the comparable period in 1988. J.B. Crowell, president and chief executive of Eldorado Bancorp and Eldorado Bank, said the bank is experiencing continued strong demand for commercial, Small Business Administration and interim construction loans. Also contributing to 1989 first-quarter earnings was the sale of the bank’s Saddleback Valley office following consolidation of its operations with the Laguna Hills office.