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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
October 28
Intervest Bancshares Corp. in New York on Tuesday posted a narrow fourth-quarter profit, reversing a recent trend of losses.
The $2.4 billion-asset company earned $400,000 in the fourth quarter, or 2 cents a share. Intervest posted a loss of $700,000 in the third quarter and a $300,000 gain a year earlier. The loan-loss provision fell 31% from a quarter earlier, to $2.7 million. For the year Intervest swung to a loss of $55 million from a profit of $1.5 million in 2009.
Intervest raised $21 million in the fourth quarter selling common stock. At Dec. 31 its total capital to risk-weighted assets ratio was 14.22%.
