Better credit quality helped Bank of Commerce (BONC) in Charlotte, N.C., narrow its losses.

The $131.5 million-asset bank lost $96,000 in the fourth quarter, 89% less than the same period a year earlier.

Its provision for loan losses fell 90% from a year earlier, to $90,000. It booked $89 million in loans in the fourth quarter, a drop of 8.4% from the fourth quarter of 2011.

Noninterest income rose 38% year over year, to $285,000. Noninterest expense rose 16.7% from a year earlier, to $1.4 million. Net interest income fell 9% from a year earlier, to $1 million.


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