DALLAS -- BancTexas Group Inc. said its third-quarter net income dropped from a year earlier because of a decrease in its net interest margin. The $321 million-asset holding company for BankTexas said its net income dropped to $304,000 from $510,000.

For the first nine months of 1993, net income increased only slightly over the year-earlier period, to $941,000. Chairman Nathan C. Collins said the company continues to sell consumer loans while keeping the servicing to boost fee income, and has opened a branch in north Dallas.

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