@$:Profits at HSBC Bank Bermuda shrank by $132 million during 2012, hit largely by a deterioration in the value of loans in North America.The bank‘s net income for the past year was $20 million. However, its consolidated income remained relatively stable at $397 million (before loan impairment charges), a reduction of seven percent year-on-year.Operating expenses fell by $25 million to $212 million.l See tomorrow’s Royal Gazette for more on HSBC Bank Bermuda’s results.