MELVILLE, N.Y. - Inc. lost $3.8 million, or 9 cents per share, in the first quarter, compared with a profit of $113,561 for the same period last year.

The lender's revenues increased 25.7%, to $11 million. said originations online and in its retail branches have increased but that "costs associated with the company's aggressive entrance into the emerging online mortgage origination business" led to the losses.

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