Olympus Capital Corp., parent company of Olympus Bank, a Federal Savings Bank, reported third-quarter net income of $66,014 or 3 cents per share compared with a loss of $1.94 million or 76 cents per share for the same period last year.

Net income for the first nine months was $742,225 compared with a loss of $12.76 for the same period in 1989.Results for the quarter include net interest income of $1.9 million, an 86 percent increase over third quarter 1989 figures, and additions to loan loss reserves of $544,000. Other non-interest income was generated through the sale of tax deferred annuities and other fee income.

Non-performing assets at Sept. 30 has dropped to $22 million or 4.4 percent of assets from $34 million or 5.7 percent of assets for the quarter ended nine months earlier.