BUFFALO -- Marine Midland Banks Inc. reported net income of $48.5 million for the third quarter, up 62% from a year ago.

Net interest income was $189.2 million, up 0% on the strength of a wider net interest margin and an increase in credit card assets, the company said.

Nonaccruing loans declined to $430 million in the quarter from $759.8 million in the same quarter of 1992, while foreclosed real estate dropped to $191.9 million from $288.9 million a year earlier. "In light of these continued credit improvements, no provisions for loan losses were considered necessary," the bank said.

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