Silver State Bancorp of Henderson, Nev., restated its second-quarter earnings to reflect higher provisioning.
The $2 billion-asset Silver State said after the market closed Thursday that it lost $73.2 million on a $69.1 million loan-loss provision.
On Aug. 1, Silver State reported a $62.7 million loss after posting a $58.6 million provision for losses on residential construction and land development loans. It also recorded an $18.8 million goodwill impairment charge.
On Thursday it said increased its provision after receiving an updated appraisal on the collateral underlying one of its commercial land loans.
Silver State's stock rose 3.75% Thursday, to 83 cents a share.
