TIB Financial Corp. (NASDAQ: TIBB), parent company of TIB Bank and Naples Capital Advisors, leading financial services providers serving the greater Naples, Bonita Springs, Fort Myers and Cape Coral areas, South Miami-Dade County, the Florida Keys and Sarasota County, today reported a net loss before dividends and discount accretion on preferred stock for the three months ended September 30, 2009 of $8.1 million compared to a net loss of $4.9 million for the second quarter of 2009 and $2.2 million for the third quarter of 2008. The net loss allocated to common shareholders was $8.7 million, or $0.59 per share for the current quarter, compared to a net loss of $0.37 per share for the second quarter of 2009 and $0.15 for the comparable 2008 quarter. The net loss for the third quarter was primarily due to the provision for loan losses of $14.8 million.