New Jersey Community Bank in Freehold (NJCB) has revised its fourth-quarter and annual results for 2013 to reflect a non-recurring $2 million litigation charge.

The $144 million-asset bank initially reported a loss of $212,000 for the fourth quarter but now says it lost $1.6 million in the quarter. Its previously reported profit of $114, 000 for the year has been revised to reflect a loss of $1.2 million.

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