Comsat

Washington-based Communications Satellite Corp. reported net income of $18.5 million, or 94 cents per share, for its first quarter, which ended March 31, a slight decrease from the $19 million it earned in the same period last year.

Revenues were up, particularly in its international segment, Comsat said.

Comsat's Clarksburg-based video unit, Comsat Video Enterprises, saw its losses curbed to $1 million for the quarter, a vast improvement over the $125 million operating loss it registered in the fourth quarter of last year. The fourth-quarter figure included a $100 million write-down by Comsat.

Three months ended 3/31/91

.. .. .. Revenue.. .. .. Net.. .. .. .. .. Share

'91 .. 126,900,000 .. .. 18,500,000.. .. .. 0.94

'90 .. 110,700,000 .. .. 19,000,000.. .. .. 0.90

% change.. .. +14.6.. .. .. .. 2.6.. .. .. .. . +4.4

Atlanfed Bancorp Inc.

This Baltimore-based company, parent of Atlantic Federal Savings Bank, reported higher earnings for its fourth fiscal quarter and full year that ended March 31.

The company reported the stronger earnings despite an addition to its reserves for possible loan losses, related primarily to the souring of two loans worth slightly more than $2 million that had been made to a residential builder in Harford County.

Three months ended 3/31/91

.. .. .. .. .. .. .. Income.. .. .. .. .. Share

'91 .. .. .. .. .. .. 295,565.. .. .. .. .. 0.34

'90 .. .. .. .. .. .. 273,601.. .. .. .. .. 0.32

% change.. .. .. .. .. . +8.0.. .. .. .. .. .. +6.3 D DTC .. .. .. .. .. .. .. .. Assets.. .. .. .. Deposits

'91.. .. .. .. .. 239,000,000.. .. .. 172,000,000

'90.. .. .. .. .. 223,000,000.. .. .. 171,000,000

% change.. .. .. .. .. +7.2.. .. .. .. .. .. +0.6

Year ended 3/31/91

.. .. .. .. .. .. .. Income.. .. .. .. .. Share

'91.. .. .. .. .. .. . 952,804.. .. .. .. .. 1.11

'90.. .. .. .. .. .. . 791,560.. .. .. .. .. 0.92

% change.. .. .. .. .. .. +20.4.. .. .. .. .. +20.7

Loan portfolio

Three months ended 3/31/91

.. .. .. Loans outstanding.. .. Net charge-offs

'91.. .. .. .. 210,000,000.. .. .. .. .. 234,533

'90.. .. .. .. 202,000,000 .. .. .. .. .. ..0,000

% change.. .. .. .. +4.0.. .. .. .. .. .. .. .. NA

.. Addition to allowance.. .. .. .. .. .. Allowance

.. for loan losses.. .. .. .. .. .. for loan losses

'91 .. .. ..72,340.. .. .. .. .. .. .. .. 339,118

'90 .. .. .. 8,813.. .. .. .. .. .. .. .. 293,206

% change.. ..+720.8 .. .. .. .. .. .. .. .. .. +15.7