Carrollton Bancorp, Baltimore, has reported that accounting errors related to the handling of certain fees and costs at its Carrollton Mortgage Services Inc. subsidiary have necessitated a restatement of earnings for the first and second quarters.The company said the restatement will reduce its net income by over $368,000, to $662,112, for the first half of 2004, and its earnings from $0.36 per share to $0.23 per share. Carrollton reported net income of $148,883 for the third quarter, compared with $365,353 in the third quarter of 2003. The company is the parent of Carrollton Bank, which can be found on the Web at http://www.carrolltonbank.com.
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