Citing a nearly 57% increase in its...

Citing a nearly 57% increase in its loan loss reserves, La Jolla Bank & Trust reported a 7.7% drop in earnings for the nine months ended Sept. 30, to $1.7 million. Loan loss reserves were increased by $750,000 to $2 million, according to Bob Roy, the bank’s controller. Assets increased 20% to $312.8 million, deposits rose 20% to $287.1 million, and loans increased 18% to $208.9 million. The bank’s capital ratio is 6.67%, about even with last year, Roy said.