Porter Bancorp, Inc. Files Second Quarter 2010 10-Q (PBIB)

Porter Bancorp, Inc.

announced today that it filed its 10-Q with the Securities and Exchange Commission for the second quarter ended June 30, 2010. The filing included an 'other than temporary impairment' (OTTI) charge of $465,000 for the second quarter ended June 30, 2010, that was not included in the Company's financial results previously reported on July 23, 2010. The addition of the OTTI charge for the quarter ended June 30, 2010, reduced non-interest income to $1,497,000 from the previously reported $1,962,000, increased the net loss to $1,131,000 from the previously reported $829,000, and increased the net loss available to common shareholders to $1,614,000, or $0.19 per fully diluted share, from the previously reported $1,310,000, or $0.15 per fully diluted share.