The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency.
The Louisiana company, which fired its CEO earlier this year, has been paying a hefty dividend on funds it obtained from the Treasury Department in 2011.
The Louisiana company's board has made it clear that independence is "not a God-given right" while charging new management with addressing energy loan issues, underwriting, capital and expenses.
Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter results by $441,000.
