Income Statement ReviewOn a per share basis, the net loss was $1.30 for the year ended December 31, 2010 compared to a net loss of $5.02 for the year ended December 31, 2009. The improvement in pretax results compared to the prior year is largely due to an improvement in the net interest margin of $3.5 million during the year and a reduction in the provision for loan losses of $5.4 million. This was partially offset by a decrease in noninterest income of $0.6 million and an increase in noninterest expenses of $1.8 million for the year.
Patriot National Bancorp Reports Improving Results For 2010
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