Superior Bancorp in Birmingham, Ala., said that capital levels fell again after it posted a hefty third-quarter loss.
The $3.2 billion-asset company had a net loss attributable to shareholders of $137.8 million compared with a $287,000 loss a year earlier. The loan-loss provision was $102.1 million, compared with $5.2 million. Results were reported late Monday.
Superior said Nov. 4 that it and its thrift unit had entered into a cease-and-desist order with the Office of Thrift Supervision, giving both until March 31 to strengthen capital ratios.
The agreement with the thrift requires it to have a leverage ratio of 10% and a total risk-based capital ratio of 14%. At Sept. 30, the leverage ratio was 2.63% and the total risk-based capital ratio was 5.04%.
