By late 2007, Southern Nevada's supercharged economy started to sputter. Residential homeowners began losing homes to foreclosure often because they could not afford the payments, particularly after teaser rates ended. The banking company last October reported a $3 million loss, down from $4.6 million in the second quarter. Jamison counted 13 loans for $147 million that comprised 80 percent of the banking company's nonperforming loans. Community Bancorp, which has shares traded on the Nasdaq National Market, failed to file required fourth- quarter and annual reports with the Securities and Exchange Commission, saying it could not do so until an audit had been completed. Community Bancorp continued to file financial reports with federal bank regulators, however. In May, Community Bancorp reported that it amended its financial report for its Nevada to increase its provision by $17.4 million at the end of last year, resulting in a $151.9 million loss for last year.