Britton & Koontz Capital Corp. in Natchez, Miss., reported a fourth-quarter profit despite a rise in nonperforming assets.
The $375 million-asset company said Friday that it earned $665,000 in the quarter, or 31 cents a share, compared to a $58,000 loss a year earlier.
For the full year, the company earned $1.9 million, up by comparison with $1.6 million in 2009.
The company cut its loan-loss provision to $225,000 from $1.6 million a year earlier. Nonperforming assets grew 7.6% from a year earlier, to $11.3 million, or 3% of total assets.