Virginia Commerce Bancorp Inc.'s fourth-quarter earnings rose, but fell short of analysts' expectations.

On Thursday, the Arlington company reported net income of $3.3 million, up 13% from a year earlier. Earnings of 11 cents a share were flat and missed Wall Street forecasts by 4 cents.

The shortfall was because of a larger-than-expected loan-loss provision, which jumped 545% from a year earlier, to $7.1 million. Net chargeoffs totaled $7.4 million. Nonperforming assets at Dec. 31 were $74.6 million, or 2.71% of total assets.

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