KENSINGTON, Conn. - MidConn Bank officials are expecting to report a loss for the fourth quarter ending Sept. 30, after taking "significant charges" for foreclosed real estate and other nonperforming assets.

The state-chartered savings bank still expects to report a profit for the year, however.

MidConn also declared a cash dividend of 14 cents per share, payable Sept. 29 to shareholders as of Sept. 15. This is the 33d consecutive quarterly dividend and represents a 27% increase over the third-quarter dividend in 1994.

The thrift had previously reported net income for the third quarter of $533,721, down from $559,250 for the same period in 1994. Net income for the first nine months was $1.7 million, up from $1.5 million for the first nine months of last year.

Nonperforming assets were down to 1.97% of total assets at June 30, compared with 2.86% at the same time last year. But bank officials decided to speed up resolution of nonperformers by selling some assets and taking charges against others.

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