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Oconee Federal Financial Corp. (OFED) reported a strong quarterly performance with net income of $3.9 million, or $0.57 per diluted share, surpassing the previous year's $628 thousand, or $0.11 per diluted share. The company also declared its fifty consecutive quarterly dividends of $0.10 per share since December 2011. Total assets increased by 11.4% to $663.2 million, loans outstanding grew to $473.1 million, and stock book value and tangible book value were $13.35 and $12.90, respectively. Despite a decline in net interest income due to higher interest rates, the acquisition of Mutual Savings Bank in Hartsville, SC, helped boost assets and earnings. The company's capital ratios remain strong, with plans to expand products and services for new customers in Hartsville.