U.S. Facilities Corp., Costa Mesa, reported net...

U.S. Facilities Corp., Costa Mesa, reported net income for the first quarter of $401,000. It had a loss of $305,000 in the same period a year ago. Revenue increased 59%, to $14.1 million from $8.9 million. U.S. Facilities, a holding company for insurance underwriting and reinsurance firms, said the revenue gain caused the turnaround in net income.