Also. . . - Los Angeles Times
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* East West Bancorp Inc., San Marino-based parent of wholly owned East West Bank, reported second-quarter net income of $7.1 million, or 31 cents per share, compared with $3.8 million, or 16 cents, a year ago. The results include a one-time pretax gain of $676,000 on the sale of the company’s Irvine branch to People’s Bank of California. Interest income rose to $36 million from $30.4 million. During the quarter ended June 30, the company completed its acquisition of First Central Bank.

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* Marathon Bancorp, the Los Angeles-based parent to Marathon National Bank, said second-quarter earnings rose to $90,000, or 2 cents per share, compared with $20,000, or 1 cent, for the year-ago period. The company cited higher loan demand for commercial and new real estate construction. Interest income dropped to $1.2 million from $1.4 million.

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* Los Angeles-based Argonaut Group Inc., a seller and underwriter of workers’ compensation insurance, reported second-quarter net income of $7.2 million, or 30 cents per share, on revenue of $51.4 million. That compares with $8.8 million, or 36 cents, on revenue of $56.3 million, in the year-ago quarter. The company attributed the lower results to rate decreases in key states and the continuing difficult market for workers’ compensation, the company’s principal line of business.

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