Preferred Bank said Wednesday that it will restate its third-quarter results and report a wider loss after a regulatory examination found that additional credit losses and charge-offs should have been taken. But it now expects a fourth quarter profit.

The Los Angeles bank, which predominately caters to the Chinese-American community in Southern California, will report an additional bad-loan provision of $29.8 million. In October, it reported $18.5 million in such provisions. It also will report additional loan charge-offs of $21.3 million.

The bank said it is finalizing the revised results. In October it reported a third quarter loss of $14.3 million (-$1.31 a share).

The bank said it is likely to report a profit in the fourth quarter because credit trends are stabilizing and operating metrics are improving. In addition, the bank last month was able to recover $5 million on a previously charged-off loan. Analysts surveyed by Thomson Reuters on average have been expecting a loss of 49 cents per share.

The company’s shares were up 4 cents, or 2 percent to $2.25 in midday trading on the Nasdaq.