FAIRFAX, Va. -- George Mason Bankshares' first-quarter net income jumped 31% to $1 million, compared with earnings of $764,000 a year ago.

Return on average assets and equity for the three month period were 1.11% and 10.46% respectively, versus 0.99% and 11:78%.

Net interest income for the first quarter increased 27.3% to $4.4 million.

Assets grew 13% to $381 million, and total nonperforming assets declined 57.1% to $2.3 million.

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