First Litchfield Financial Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss before tax of $2,844,000 and net loss available to common shareholders of $2,253,000 or $0.96 per basic and diluted share on net interest income of $3,727,000 compared to the loss before tax of $5,831,000 and net loss available to common shareholders of $5,426,000 or $2.30 per basic and diluted share on net interest income of $3,885,000 for the same period a year ago. The company reported negative return on average assets of 1.6% and negative return on average equity of 26.86% compared to the negative return on average assets of 4.01% and negative return on average equity of 87.77% for the same period a year ago. For nine months, the company reported loss before tax of $2,076,000 and net loss available to common shareholders of $1,878,000 or $0.80 per basic and diluted share on net interest income of $11,700,000 compared to the loss before tax of $4,586,000 and net loss available to common shareholders of $4,311,000 or $1.82 per basic and diluted share on net interest income of $11,175,000 for the same period a year ago. The company reported negative return on average assets of 0.45% and negative return on average equity of 7.56% compared to the negative return on average assets of 1.08% and negative return on average equity of 21.28% for the same period a year ago. The company reported book value per share of $13.26 compared to the book value per share of $8.51 for the same period a year ago.

First Litchfield Financial Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. Net income available to common shareholders for the second quarter of 2009 totaled $108,906 versus net income of $616,448 for the second quarter of 2008. Basic and diluted net income per common share for the second quarter of 2009 were both $0.05 compared to basic and diluted net income per share of $0.26 for the second quarter of 2008. Second quarter results were heavily impacted by the additional costs for FDIC insurance as well as by an increased provision for loan and lease losses. Second quarter 2009 net interest income increased 7.94% year-over-year to $4,000,928 from $3,706,697 in the second quarter of 2008. Book value per common share was $13.92 as at June 30, 2009 compared to book value per common share of $10.75 as at June 30, 2008. The company reported income before tax of $274,000, return on average assets of 0.08% and return on average equity of 1.31% compared to income before tax of $685,000, return on average assets of 0.46% and return on average equity of 8.99% for the same period of last year. Net income available to common shareholders for the six months ended June 30, 2009 totaled $375,156 versus $1,114,971 for the six months ended June 30, 2008. Basic and diluted net income per common share for the six months ended June 30, 2009 was $0.16 compared to basic and diluted net income per share of $0.47 for the six months ended June 30, 2008. For the first six months of 2009, net interest income was $7,973,495 up 9.72% from $7,266,868 in the first half of 2008. The company reported income before tax of $767,000, return on average assets of 0.14% and return on average equity of 2.28% compared to income before tax of $1,245,000, return on average assets of 0.42% and return on average equity of 7.93% for the same period of last year.

On 08/14/2009, First Litchfield Financial Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.