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.