Nov. 21--Troubled Team Financial Inc. has reported an additional $6.3 million in losses, as well as mounting concerns of its regulators, in its second update to shareholders this week.

In the new report, the Paola, Kan.-based parent company of TeamBank also said a federal receivership of its banks is a possibility if it fails to meet deadlines to raise capital by roughly the end of the year.

Bank officials said that possibility was raised only so shareholders would know of all potential outcomes, including a worst-case scenario.

"It's not a prediction," said Sandy Moll, chief operating officer of Team Financial and interim CEO of TeamBank.

Moll said bank officials have multiple capital initiatives under way and are working closely with regulators and others to meet their expectations and the company's obligations.

In its update, Team Financial more than doubled the amount it set aside to cover possible loan losses, compared with the amount reported early this week.

It also cut the value of a deferred tax asset it owns by an additional $1.8 million, the second report showed. It also showed an additional $2.1 million impairment in the value of securities it holds, compared with the report a few days earlier.

With those changes, Team Financial said it expects to lose $9.8 million, or $2.72 a share, in the third quarter. Early this week it said losses would be no less than $3.4 million.

TeamBank is also based in Paola and operates branches in the Kansas City area. Its assets at the end of September totaled $669 million. Team Financial also owns Colorado National Bank, a $118 million bank based in Colorado Springs, Colo.

The new report, filed with the Securities and Exchange Commission, raised questions about the company's ability to generate capital and its banks' ability to do the same. All face orders from regulators to boost their capital to specific targets by regulators' deadlines, which are roughly year-end.

Team Financial stated bluntly that failure to meet those deadlines could lead regulators to put the banks into receivership under the control of the Federal Deposit Insurance Corp.

Without its banks, Team Financial's "ability to continue operations would be extremely doubtful," the filing said.

Moll said regulators would have the option of extending the deadlines if the banks demonstrate significant progress as the deadlines approach.

Team is working with its regulators on the possibility of applying for a capital boost through the U.S. Treasury's Capital Purchase Program.