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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Tennessee Commerce Bancorp Inc. in Franklin said its fourth-quarter earnings fell 56% from a year earlier, to $553,000, as noninterest expenses increased.
For the year, the $1.4 billion-asset company returned to profitability, earning $1.9 million, compared to a $7.1 million loss in 2009, it said on Friday.
The company reported noninterest expense of $8.1 million, up 65% from a year earlier but down 2.4% from the third quarter.
Its loan-loss provision fell nearly 10% from a year earlier, to $3.8 million, the lowest recorded since the fourth quarter of 2008. Nonperforming assets rose 6% from the third quarter and 57% from a year earlier, to $91.2 million.
Tennessee Commerce also announced that Martin Zorn, its chief administrative officer, resigned to take a job at a Honolulu technology company.
