Blue Valley Ban Corp. in Overland Park, Kan., reported late Wednesday that it lost $4.7 million in the fourth quarter, compared with a $678,000 profit a year earlier.

The loss was blamed largely on a $4.8 million goodwill impairment charge.

The $815 million-asset Blue Valley reduced its quarterly loan-loss provision 16%, to $1.6 million.

However, the full-year provision increased 486%, to $17 million. Blue Valley cited a decision to charge off $13.9 million of nonperforming loans last year, much of it from its construction portfolio.

It did not say how much of its loan portfolio was nonperforming as of Dec. 31. But Federal Deposit Insurance Corp. data shows that the nonperforming loan ratio of its Bank of Blue Valley rose by more than half last year, to 6.47% of total loans at yearend.

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