This Baltimore parent of Atlantic Federal Savings Bank dramatically increased earnings for its third fiscal quarter and first nine months by catering to first-time homebuyers and residential construction companies, according to Chairman and President Richard E. Funke. The company originated a total of $123 million in new loans during the nine months that ended Dec. 31, up 44.7 percent from the previous nine-month period.

Three months ended 12/31/91

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

'91 .. .416,899 .. .. ..0.44

'90 .. .160,191 .. .. ..0.17

% change +160.3 .. .. ... +158.8

.. .. .. Assets .. .. .. .Deposits

.. .258,454,757 .. 196,888,592

'90 .. .232,110,005 .. 171,821,592

% change +11.4 .. .. .. .+14.6

Nine months ended 12/31/91

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

'91 .. .1,120,812 .. .. 1.18

'90 .. .657,239 .. .. ..0.70

% change +70.5 .. .. .. . +68.5

Loan portfolio

Three months ended 9/30/91

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

'91 .. .227,899,827 .. ..0

'90 .. .212,933,523 .. ..1,368

% change +7.0 .. .. .. .. .N/A

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

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

'91 .. .105,500 .. .. .. .. .. .. 568,688

'90 .. .179,919 .. .. .. .. .. .. 501,311

% change -41.4 .. ... ... ... ... ..+13.4