Baltimore - Provident Bankshares said it had determined that a change in accounting for purchased-mortgage servicing rights should be retroactively applied and that results for the first and second quarters should be restated.

Net income for the first quarter 31 has been restated to $870,000, or 14 cents a share, from the previous $1.6 million, or 25 cents a share. Net income for the second quarter was restated to $2.6 million, or 40 cents a share, from the previous $1.9 million, or 29 cents a share.

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