CapitalSouth Bancorp. (CAPB) reported a second quarter net loss of $16.40 million or $3.95 per share, compared to net income of $0.90 million or $0.30 per share in the same period last year.
Net operating loss for the quarter was $7.03 million or $1.69 per share, compared to income of $0.90 million or $0.30 per share in the comparable period last year.
Net interest income for the quarter marginally rose to $4.27 million from $4.25 million in the corresponding period last year. Non-interest income was $734 thousand, down from $855 thousand in the previous year period.
For the first half, the company posted a loss of $16.07 million or $3.87 per share, compared to income of $1.60 million or $0.53 per share in the prior year period.
Net operating loss was $6.71 million or $1.62 per share, compared to profit of $1.60 million or $0.53 in the year earlier.
Net interest income for the period rose to $9.02 million from $8.20 million in the preceding year period. Non-interest income was $1.94 million, up from $1.57 million a year ago.
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