	irving bank v st qtr net hurt by brazil irving bank corp said a six pct drop in first quarter net income from a year earlier was largely the result of placing medium and long term loans to borrowers in brazil and ecuador on non accrual status income in the first three months fell to mln dlrs from mln in the same period ings per share dropped to dlrs from irving put mln dlrs of brazilian and mln dlrs of ecuadorean loans on non accrual reducing first quarter net income by a total of mln dlrs after tax irving estimates full year net would be reduced by mln dlrs after tax if no cash interest payments are received on these loans during the remainder of also adversely affecting ings were losses on the trading of securities and higher non interest expenses although these were partly offset by increased trust income profits from foreign exchange trading and investment securities gains the bank said the allowance for loan losses was mln dlrs up from mln a year earlier the provision for loan losses was mln versus mln in the first quarter of reuter 
