TIB Financial Corp. of Naples, Fla., said its fourth-quarter loss widened to $45.1 million from $13.2 million a year earlier.

The parent company of TIB Bank in Naples said Monday that as of Dec. 31 it had assets of $1.7 billion, up 6% from a year earlier. It had a net loss of $61.5 million for 2009, compared with a $21 million loss for 2008.

Its nonperforming loans of $72.8 million were 4.28% of its assets, up 10%. Its loan-loss provision grew by 8.6%, to $16.4 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.