Bank of the Carolinas Corp. (BCAR) reported a fourth-quarter net loss available to common shareholders of $8.8 million compared to a net loss of $2.5 million for the fourth quarter of 2010. The net loss per common share was $2.26 for the fourth quarter of 2011 compared with a net loss per share of $0.65 for the fourth quarter of 2010.
Net interest income for the quarter declined to $3.19 million from $3.81 million in the prior year quarter.
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