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An operating profit of £35 million was recorded by the Northern Irish bank, but it its bottom line was hit by the need to use £104 million to cover impairment charges.
A total of £3.1 million of these amounted to actual losses and Gerry Mallon, the financial institution's chief executive, said that the results were "stable" given the "challenging" domestic and worldwide financial markets.
He stated that costs have been reduced since the start of the year thanks to a "continued focus on efficiencies".
Income at its parent company Danske Bank Group totalled £3.7 billion, while profit before impairment charges was £1.9 billion.
Northern Bank - which was established in 1809 - was acquired by the Danish group in 2005.
Danske Bank also own operations in Finland, Norway, Sweden and the Republic of Ireland.
