TotalBank on Friday reported a second quarter net loss of $1.8 million, compared to a first quarter loss of $15.7 million and a loss of $136,000 in the second quarter of 2009. The Miami-based bank said its focus for the first half of this year has been boosting asset quality and fortifying capital, accomplished through a $50 million capital infusion in the first quarter and a $95 million reduction in nonperforming loans during the first half of the year.
TotalBank has nearly $2 billion in assets and 14 branches in Miami-Dade. Its parent company is Grupo Banco Popular Español, which has $185 billion in assets and 2,500 branches.
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