Centrue Financial Corp. in St. Louis reported a $14.5 million fourth-quarter loss on Monday, nine times more than its loss the year earlier.

The $1 billion-asset company blamed the fourth-quarter results on a $22.3 million provision for loan losses, compared with a $14.5 million provision in the third quarter and $5.2 million in the fourth quarter of 2008. The provision was driven by higher net loan chargeoffs, growth in nonperforming assets and deteriorating collateral values, according to a press release.

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