Integra Bank Corp. in Evansville, Ind., on Tuesday reported a fourth-quarter loss of $42.8 million, half its loss in the year-earlier period.
The $2.4 billion-asset company also reported in its annual filing with regulators that its nonperforming assets totaled $246 million at Dec. 31, flat from a year earlier.
In early February, Integra said that, while it was still preparing its consolidated figures, its bank had recorded a fourth-quarter loss of $35.4 million.
In its Tuesday filing, Integra said it was in negative equity position at Dec. 31, with a total risk-based capital ratio of negative 1.26%, while its bank was undercapitalized, with a leverage ratio of 3.34% and a total risk-based capital ratio of 7.32%.
In Tuesday's filing, the company said it needed about $119 million to comply with capital ratios established in a consent order with the Office of Thrift Supervision requiring the bank to have an 8% leverage ratio and an 11.5% total risk-based capital ratio of Nov. 20, 2010. "The uncertainty regarding our ability to obtain additional capital or meet future liquidity requirements raises doubt about our ability to continue as a going concern," it said.
