BRISTOL, Va. -- Charter Federal Savings Bank earned $2.3 million in the quarter that ended Sept. 30, down from $2.8 million a year earlier.

Earnings in the quarter, the first of the bank's 1994 fiscal year, were impacted by a $2.5 million provision for losses on loans and real estate owned.

The provision was partially offset by a $1.6 million tax benefit.

The thrift has $718 million in assets and 26 offices in Virginia and Tennessee.

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