(RTTNews) -  SuffolkFirst Bank (SUFB: News ) posted third-quarter net loss of $942 thousand or 41 cents per share, compared with a $718 thousand loss or 32 cents per share for prior quarter.

The net operating loss for the recent quarter September 30, 2009 can primarily be attributed to a $930 thousand loan loss provision in addition to merger related expenses of $464 thousand for the quarter.

For the recent third quarter, net interest income increased by $1.10 million compared with prior quarter. Non-interest income for the quarter ended September 30, 2009 increased by $78 thousand.
For nine months ended September 30, net interest income before the loan loss provision increased 12.35% or $370 thousand.
Non-interest income for the nine month period ended September 30 declined $206 thousand or 28.41% compared with same period in 2008.

Click here to receive FREE breaking news email alerts for SuffolkFirst Bank and others in your portfolio

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com