Bank of Granite in Granite Falls, N.C., cited higher credit-related expenses in reporting that it third-quarter loss widened to $4.3 million.

The $947.1 million-asset company's loan-loss provision of $7.3 million was nearly double the what it set aside a year earlier, when it had a loss of $3.7 million, according to a Monday filing with the Securities and Exchange Commission.

Bank of Granite has faced delisting from the Nasdaq stock market since September, when its common stock fell below $1 for more than 30 straight days.

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