Community Capital sees losses jump

Greenwood-based Community Capital Corp. felt the full brunt of the economic downturn last year, losing more than $25.2 million. That came after the parent company of CapitalBank had posted a $2.4 million gain in 2008.

Provisions for loan losses rose to $32.8 million from $9.3 million, and non-performing loans totaled $42.8 million as of Dec. 31, 2009, compared to $26.8 million a year earlier, according to information filed with the US Securities and Exchange Commission. 

Community Capital’s total assets fell from $790 million to $749 million during the 12-month period.

Shares of Community Capital closed Tuesday at $2.77.

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