York, reported third-quarter net income of $19.5 million, down 48% due to extraordinary tax gains in the year-earlier period. The per-share figure dropped to 18 cents from 35 cents. Net income for the first nine months reached $59.9 million, an 80% improvement. However, the 1994 result included a $92.9 million charge for the accounting of goodwill associated with the Anchor Bancorp acquisition, which was completed in January 1995. Dime's chairman and chief executive officer, James M. Large Jr., said "the relatively flat yield curve and an acceleration of prepayments on mortgage-backed securities continued to cause downward pressure on our net interest margin and a reduction in net interest income." Mr. Large also said the Dime's net interest margin averaged 2.02% for the 1995 third quarter, down 7 basis points from the previous quarter and 14 basis points from the first quarter. He pointed to an $11 million decline in general and administrative expenses, representing post-merger consolidation, and a $4.4 million reduction in deposit insurance premiums.

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