CONCORD, N.C. - First Charter Corp., a $322 million-asset company, said net income in the first quarter increased 33%, to $1.5 million.

On an annualized basis, this resulted in returns on assets and equity of 1.96% and 16%, respectively, compared with 1.6% and 13% in last year's first quarter.

Total interest income rose 28%, to $6.2 million, the bank said.

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