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Four Oaks Fincorp, Inc. Announces 2012 Fourth Quarter and Annual Results

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Four Oaks Fincorp, Inc. Announces 2012 Fourth Quarter and Annual Results Powered By Docstoc
					
				
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posted:3/29/2013
language:Japanese
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Description: FOUR OAKS, N.C.--(BUSINESS WIRE)--Four Oaks Fincorp, Inc. (OTCBB:FOFN) (the “Company”), the holding company for Four Oaks Bank & Trust Company (the “Bank”), today announced the results for the fourth quarter and year ended December 31, 2012. The net loss for the fourth quarter and twelve months ended December 31, 2012 was $5.4 million and $7.0 million, respectively, compared to a net loss of $3.1 million and $9.1 million for the same periods of 2011, respectively. The provision for loan loss a style='font-si
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