BancTrust Financial Group Inc. in Mobile, Ala., has announced that it earned $969,000 in the second quarter, compared with a loss of $118 million a year earlier.

The drastic swing at the $2 billion-asset company was attributed in a release late Friday to a $97 million goodwill impairment charge booked in the second quarter of 2009. The company also has had improving credit trends; its loss provision for the quarter was $3 million, down 86% from a year earlier.

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