Community Financial Shares Inc. of Glen Ellyn, Ill., said late Monday that its net loss widened to $2.2 million in the fourth quarter, from $690,000 a year earlier.
The company's provision for loan losses rose 182% from a year earlier, to $3.6 million, and noninterest expense rose by $179,000, to $3.1 million. Noninterest income fell 33.6%, to $312,000.
The $347.1 million-asset company's net interest margin widened by 19 basis points from a year earlier, to 3.46%.
Nonperforming loans rose nearly 35%, to $20.3 million, largely because of residential real estate loans.
Community Financial had a total risk-based capital ratio of 8.55% at Dec. 31.
