MIAMI - Hamilton Bancorp said that its Hamilton Bank will restate its third-quarter earnings as a result of increased provisions for credit losses after reaching an agreement with regulators.

The Miami banking company had originally slated $13.3 million for credit losses during the quarter. However, in a press release late Friday, the bank said that it changed certain of the bank's methodologies for calculating losses and made a greater allocation of reserves designated to certain loans, causing credit losses for the third quarter to jump to $32.5 million.

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