West One Bancorp reported first-quarter earnings of $10.2 million or 80 cents per share, up 15 percent from the $8.9 million or 70 cents per share for the same period last year.

"Healthy economic conditions prevailed in our market area during first quarter 1991, stimulating loan demand and contributing to an increase in net interest income," said Daniel R. Nelson, chairman.Loans grew $316.1 million or 12 percent in the first quarter over the 1989 period.

Non-interest expense increased $2.1 million or 5 percent in the quarter.