Suffolk Bancorp (SUBK) in Riverhead, N.Y., made good on a pledge to aggressively address its credit issues, posting a large quarterly loss in the process.

The $1.6 billion-asset company lost $9.1 million in the third quarter, compared to a $3.1 million gain a year earlier. The biggest difference was credit: Suffolk recorded a $12 million loan-loss provision in the third quarter, compared with just $900,000 a year earlier.

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