The widest loss came in the third quarter of 2009, when Flagstar reported more than $298 million in losses. Over the previous four years, the bank routinely landed in the top 20 mortgage originators in the country, but has unloaded more than $500 million in troubled loans since the crisis. It sold its 27 branches in Georgia to PNC Finance Services (PNC) and its 22 branches in Indiana to First Financial Bancorp. The New York Stock Exchange warned the bank in August of a possible delisting. It must push shares of its common stock above $1 by February 2012 in order to avoid action. Flagstar continues to work through its troubled legacy portfolio. It increased its loan-loss provision by 46% to $36.7 million from $25 million the previous quarter, but that's still down from more than $51 million in provisions held one year ago.