UPDATE 1-CoBiz posts Q2 loss; to offer $45 mln of common stock

* Q2 loss of $0.72/shr vs EPS $0.18 last year

* Q2 provision for loan losses $35.2 mln vs $6 mln yr ago

* Shares fall 26 pct in trading after the bell

July 13 (Reuters) - CoBiz Financial Inc (COBZ.O) posted a wider-than-expected quarterly loss as provision for loan losses jumped nearly six-fold, and the company said it is publicly offering $45 million of its common stock, sending its shares down 26 percent.

For the second quarter, the company reported a net loss of $16.7 million, or 72 cents a share, compared with a profit of $4.2 million, or 18 cents per share, a year earlier.

Excluding special items, analysts were expecting a loss of 42 cents a share, according to Reuters Estimates.

Provision for loan losses was $35.2 million, up from $6 million in the year-ago quarter.

Net interest income, however, rose to $26.2 million for the quarter ended June 30 from $23.5 million a year earlier.

Total non-performing loans increased to $67.4 million as of June 30, from $43.6 million at March 31.

Separately, the Denver, Colorado-based company said it plans to use the net proceeds from the offering for general corporate purposes, including supporting the capital needs of its bank subsidiary and possible acquisitions.

Last year, CoBiz received $64.5 million from the U.S. Treasury under its Capital Purchase Program, and had raised another $20.4 million through placement of subordinated debentures. [ID:nBNG449964]

Shares of the company fell to $4.37 in trading after the bell. They closed at $5.88 Monday on Nasdaq. (Reporting by Brenton Cordeiro in Bangalore; Editing by Deepak Kannan)