July 30: TIBB, BBGI, NGNM

TIB Financial Corp.
As the company transitions from seeking capital to life after having found a business partner, TIB Financial Corp. (symbol: TIBB) did its best to put the past behind it with its most recent earnings release.

The company lost $14.1 million in the second quarter of 2010, nearly triple 2009's $4.9 million second quarter loss. The bank cited losses associated with foreclosed real estate, as well as a $2 million increase in its provision for loan losses, as main factors.

TIB also attributed $1.6 million in expenses to its recent search for a capital-rich partner. That investment already appears to have paid off, as North American Financial Holdings Inc. recently agreed to supply the bank with $175 million in capital.