Longview-based Cowlitz Bancorporation may be removed from stock market listings for failing to file its quarterly financial report on time, but the bank says it will comply within two weeks.

The company, which owns Cowlitz Bank, has received a letter from the Nasdaq stock exchange stating it had not filed its 10-Q financial report for the quarter ending June 30, bank officials announced Tuesday. A 10-Q, known as a quarterly report, is the company’s unaudited document that includes financial statements and significant events, such as stock splits and profits or losses.

Bank accountants were busy with an annual audit from state and federal regulators when the 10-Q was due at the federal Securities Exchange Commission earlier this month, said Gerald Brickey, Cowlitz Bank’s chief financial officer.

“Our deadline was smack in the middle,” Brickey said.

Bank officials decided to avoid hurrying to meet the deadline and later filing amended reports to fix errors, Brickey said.

“You’re better to file later than to file multiple times.”

Cowlitz Bank has until Oct. 19 to file a plan with Nasdaq to avoid delisting. The deadline can be extended to Feb. 16, but the bank expects to file the form next month.

Cowlitz Bancorp stock was trading at $1.70 at closing Wednesday.

The bank filed an 8-K form with the SEC last month, which detailed some of its financial performance in the second quarter. Cowlitz Bank lost nearly $3 million for the quarter and about $4.8 million for the year. The bank was stung by bad real-estate loans in a sluggish market. The 8-K form is much less detailed than the 10-Q.

Cowlitz Bancorporation specializes in commercial and international banking services for Northwest businesses, professionals, and retail customers, and offers trust services in Southwest Washington and Portland. The bank has four branches in Cowlitz County.