FREDERICK, Md. - F&M Bancorp earned $1.9 million in the first quarter, up 4.3% from a year earlier.

Assets grew by 5.7%, to $675 million, and loans jumped 16.4%. The company, which is the parent of Farmers and Mechanics National Bank, expanded its market through the acquisition of three Standard Federal Savings Association branches.

F&M returned 1.13% on average assets for the quarter, compared with 1.17% last year, and 12.76% on equity compared with 12.74%.

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