West Coast Bancorp: The Newport Beach bank...

West Coast Bancorp: The Newport Beach bank holding company reported a loss of $2 million, or 22 cents a share, for the second quarter, an improvement from a $5.1 million loss, or 56 cents a share, in the corresponding prior-year period. An estimated $1.9 million of the loss includes a loss on the sale of its subsidiary, Sacramento First National Bank. Non-performing assets dropped to $9.5 million at June 30 from $22 million during the same period a year ago. The company’s capital ratio, its final reserve against loan losses dropped to 3.01% for the quarter compared to 5.14% for the same time last year.