Central Pacific Financial Corp. in Honolulu posted a second-quarter loss of $16.1 million, as credit problems remained high but subsided from a year earlier.

The $4.3 billion-asset company, which announced the results Friday, reported a $34.4 million loss for the year-earlier quarter and a $160 million first-quarter loss.

Driving the most recent deficit was a loan-loss provision of $20.4 million, down 73% from a year earlier and roughly one-third of what Central Pacific set aside in the first quarter. It charged off $30.1 million in the second quarter, the same as a year earlier.

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