Anchor BanCorp in Wisconsin Posts Another Loss

Anchor BanCorp Wisconsin Inc. in Madison reported another quarterly loss.

The $3.1 billion-asset company said in a Thursday regulatory filing that it lost $15.3 million in its fiscal third quarter, or relatively on par with a year earlier. Anchor also said that losses for the nine-month period that ended Dec. 31 grew 31% from a year earlier, to $43 million.

Net interest income for the quarter fell 28% from a year earlier, to almost $16 million, as loans fell almost 23%. Noninterest income fell almost 19% from a year earlier, to $9.5 million.

The company's loan-loss provision fell 61% from a year earlier, to $8.4 million.

Anchor has been operating under a cease-and-desist order, issued by the now-defunct Office of Thrift Supervision, since June 2009. Under the order, the bank must maintain a core capital ratio of at least 8% and a total risk-based capital ratio of at least 12%.  At Dec. 31, the core capital ratio was 4.11% and the total risk-based capital ratio was 8.07%.

Anchor said in Thursday's filing that it had received an extension in November on $116.3 million in a short-term line of credit that it owes to various lenders led by U.S. Bank. The amount was originally due in March 2009.

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