Baltimore-based Patapsco Bancorp Inc., the parent company of Patapsco Bank, announced that its earnings of $141,000 for the third quarter of fiscal 2007 were a $60,000 drop compared with the same time last year.

Failing to match last year?s second-quarter mark of $301,000, Patapsco cited merger expenses and a higher provision for loan loss as the main reasons for the drop.