BSD Bancorp, citing a decreased net interest...

BSD Bancorp, citing a decreased net interest margin and increases in loan loss reserves at its Bank of San Diego subsidiary, reported earnings for the six months ended June 30 of $485,000, down 34% from a year earlier. Earnings in the second quarter were only $33,000, down 90%. Total assets for the year dropped 5.6% to $324.1 million, while BSD’s net worth ratio--the percentage of capital to assets--rose slightly to 7.1% from 6.7% a year ago. Loan loss reserves as of June 30 increased to $4.4 million from $2.8 million a year earlier.