Community Financial Shares Inc. in Glen Ellyn, Ill., reported a steeper loss, $2.8 million, in the second quarter than the $446,000 a year earlier and blamed loss provisioning.
The company said Friday that it had increased its provision by $3.6 million as nonperforming loans continued to grow.
Results also were hurt by a $404,000 decline in noninterest income and a $139,000 increase in noninterest expense, which was offset by a $330,000 improvement in net interest income.
The $337.7 million-asset company is the parent of Community Bank-Wheaton/Glen Ellyn. Its total risk-based capital ratio declined, to 10% at June 30, from 11.70% at March 31.
