An A$1.46 million "accounting error" relating to loans to borrowers in hardship blotted the profits of building society Wide Bay Australia.In line with disclosures last month, Wide Bay's captive mortgage insurer Mortgage Risk Management needed to increase its provisions in the second half of the financial year by A$4.8 millionWide Bay made clear, in its full-year financial statement, that a higher provision was needed in 2012. Financial statements for that year have been re-stated.It also wrote down the full value of its $7.7 million investment in its financial planning business Financial Technology Securities. The final profit was $2.5 million, down from $17.6 million. Growth in loan volume may Wide Bay's restore earnings. And it expects brokers will originate 40 per cent of loans in the next financial year. It has sold $900,000 in personal loans in two months, since introducing the product in May.Wide Bay said its capital, at 13.8 per cent, was in excess of the board's target of 13 per cent.