Bank of Florida Corp. expects to report its fourth-quarter loss grew about tenfold from a year earlier, to $10 million, or 78 cents a share, due to deteriorating credit quality that prompted it to pad its reserves.

The Naples company is expected to report full results Feb. 13. It said Wednesday that it delayed its report to ensure that the Florida Office of Financial Regulation's "evaluation of the company's markets and asset quality was in line" with the company's findings. Bank of Florida said that it does not expect a "material deviation."

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