Apr 10, 2013 (Datamonitor via COMTEX) -- Capitol Bancorp Ltd has reported a net loss attributable to the company of $1.55 million, or $0.04 loss per share, for the fourth quarter ended December 31, 2012, compared to a net loss attributable to the company of $6.52 million, or $0.16 loss per share, for the same quarter ended December 31, 2011.

Net interest income for the fourth quarter ended December 31, 2012 was $15.40 million, compared to $13.71 million for the same quarter ended December 31, 2011.

Net loss attributable to the company for the year ended December 31, 2012 was $25.47 million, or $0.62 loss per share, compared to a net loss attributable to the company of $45.43 million, or $1.17 loss per share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $57.88 million, compared to $60.5 million for the year ended December 31, 2011.

Capitol's Chairman and CEO Joseph D. Reid said, "Another quarter of active management and resolution-oriented focus resulted in net loan charge-offs of $1.8 million for the fourth quarter of 2012, a significant decrease from $13.4 million for the corresponding period of 2011.

"In addition, for the fourth quarter of 2012, (excluding the effect of affiliate divestitures), total nonperforming loans have declined 7 percent and total nonperforming assets have fallen 8 percent on a linked-quarter basis (declining almost 40 percent and 32 percent, respectively, from year-end 2011 totals). This continued decline is encouraging and we perceive these trendlines as an indication of continued improving fundamentals and a validation of the assumptions underlying Capitol's restructuring plan."

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