FarWest Financial Corp. reported net earnings of...

FarWest Financial Corp. reported net earnings of $10.8 million for the second quarter, contrasted with net earnings of $2.2 million for the comparable period in 1988. The 1989 quarter reflects a gain of $5 million from an accounting change. Revenue rose 36%, to $142.9 million from $104.9 million. For the first six months of the year, net earnings rose to $16.3 million from the $4.9 million posted for the first half of 1988. Revenue increased 37%, to $276.4 million from $202.2 million. FarWest is the parent company of FarWest Savings & Loan, Newport Beach.