Pacific Valley Bank (PVBK) in Salinas, Calif., will restate certain earnings after a review of its loan portfolio caused it to question certain loan classifications.

The $212 million-asset company said in a press release Friday that its decision came after an examination by the Federal Deposit Insurance Corp. Management then recommended that the company increase its loan-loss allowance for loan losses and the level of nonperforming and classified loans for the fourth quarter and possibly this year's first quarter.

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