THOMASVILLE -- BNC Bancorp said yesterday that it posted a nearly 60 percent worsening in earnings proceeds to $747,000 in the third quarter, mainly because of the decree to quicken its loan-loss provision. The bank, the old lady assemblage of Bank of North Carolina, reported diluted yield of 10 cents a share, down 16 cents from a year ago. The bank raised its loan-loss stockpile to $2.5 million in the third quarter, up from $1.4 million a year ago.
Most banks, big and small, that not fail the Triad have raised their loan-loss furnishing at least one zone this year. Revenue from loans rose 1 percent to $8.5 million, while return from fees increased by 6 percent to $1.3 million. Total assets were $1.26 billion on Sept. 30.
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