Suffolk Bancorp Off 16%

Suffolk Bancorp in Riverhead, N.Y., reported Thursday that second-quarter earnings fell 16% from a year earlier, to $4.8 million.

Earnings for the first half of the year fell 44.4% from a year earlier, to $6.3 million.

The $1.7 billion-asset company's second-quarter provision for loan losses was $2.9 million, a nearly threefold increase from a year earlier.

Its nonperforming assets rose 71%, to $36 million — 2.1% of total assets.

Suffolk boosted its total risk-based capital ratio to 12.1% at June 30, from 11.09% a year earlier.

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