Indiana Community Bancorp announces increase in provision for loan losses and recognition of impairment charge
Indiana Community Bancorp, the holding company of Indiana Bank and Trust Company of Columbus, Indiana, today announced that earnings for the second quarter will be negatively impacted due to an increase in the provision for loan losses and the recognition of an impairment charge related to the Bank's investment in the AMF Ultra Short Mortgage Fund.
Community Bancorp of Las Vegas on Monday reported that its Nevada bank amended a regulatory filing to increase a provision for loan losses by $17.4 million at the end of last year, resulting in a $151.9 million loss for 2008.