Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, October 28, 1995                   TAG: 9510300013
SECTION: BUSINESS                    PAGE: A-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

EARNINGS

Charter Federal Savings Bank earned $1.2 million or 23 cents a share for its first quarter ended Sept. 30 compared to year-earlier figures of $2.1 million or 40 cents a share.

The Bristol-based bank said the decline was due to a decrease in net interest income of $546,000, a charge of $345,000 related to its pending merger with First American Corp. of Nashville, Tenn., and an increase of $185,000 in income tax expense.

Interest income was also negatively impacted by sale of a branch in 1994.

The board said Friday its board had declared a cash dividend of 10 cents a share.

It is payable Nov. 15 to shareholders of record Nov. 1.

Coastal Corp.

Coastal Corp., Houston parent of ANR Coal Co. and Coastal Coal Sales of Roanoke, reported a 66 percent increase in quarterly results with earnings of $44.2 million or 38 cents a share.

That compared with $26.6 million or 21 cents a share for the same period last year.

Nine-month earnings were $159 million or $1.39 per share, up from $150.8 million or $1.31 a share for the same period a year earlier.

Interstate/Johnson Lane

Interstate/Johnson Lane, a Charlotte, N.C., securities broker with an office in Roanoke, reported income of $2 million or 33 cents a share on revenues of $50.7 million for its fourth quarter ended Sept. 30. This compares with income of $1.7 million or 27 cents a share on revenues of $40.4 million a year ago.

For the fiscal year, income was $5.9 million or 94 cents a share on revenues of $184.2 million. For the prior year, Interstate/Johnson Lane reported net income of $10.9 million or $1.67 a share on revenues of $166.6 million.

LADD Furniture

LADD Furniture Inc. of High Point, N.C., parent of American of Martinsville, reported that third quarter sales rose 4 percent from 1994 to a record of $159.1 million. Earnings for the third quarter were $1.9 million or 24 cents a share compared to $2.2 million or 29 cents a share a year ago.

For the first nine months, sales rose to $461.5 million from last year's $445.4 million, a 4 percent increase. But the company reported a nine-month loss of $25.4 million or $3.29 a share compared to earnings of $6.6 million or 86 cents a share last year.