MACON, Ga. - income, a 44% increase, for the first quarter. The $794 million-asset bank also lowered nonperforming assets by 47% from the year-earlier quarter, to $9.2 million. This effort, as well as a 30% increase in net interest income, helped produce the increase in earnings, the bank said. For the six months ending March 31, the bank made net loan recoveries of $221,000, versus net chargeoffs of $1.2 million last year. Returns on equity and assets were 13.25% and 1.03%, respectively, compared with 10.28% and 0.80% last year.
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