Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 2 · column 3 of 7 · from the scan, no model involved
Bank shows first
quarter increase
Total income of F & M National Corporation for the first quarter of 1990 was $20.6 million, an increase of 9.7 percent over the same period last year. Net income was $2.51 million, or 28 cents per share, compared to the 1989 first quarter net income of $2.71 million, or 31 cents per share.
First quarter return on average assets was 1.28 percent while return on average equity was 14.73 percent.
Total assets as of March 31 were $800.1 million, up 11.6 percent over last year’s figure of $716.8 million. During the past 12 months, deposits rose from $636.5 million to $712.3 million. Net loans increased to
94.2%