MIDDLETOWN, Conn. -- Farmers and Mechanics Bank lost $4? in the third quarter after taking a hit on the sale of real estate and increasing its provision for loan losses.

The bank lost $1.6 million on a sale of bad assets and increased its provision by $810,000.

Farmers' third-quarter loss compares with profits of $34,000 a year earlier.

For the first nine months of 1994, the $497-million-asset bank earned $242,000, versus a loss of $515,000 for the same period of 1993. The 1993 figures include $1.8 million in recognized deferred tax assets.

Nonperforming assets decreased 39% to $24.9 million, compared with $40.8 million at September 30, 1993.

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