Shares of First California Financial Group Inc. dropped Monday after the $1.47 billion-asset Westlake Village company said that higher loan losses caused it to revise its first-quarter results and swing to a loss.

First California said after the market closed Friday that it lost $1.9 million, or 18 cents a share, in the first quarter. It had previously reported a profit of $413,000, or two cents a share.

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