RF » Topics » Credit costs, while higher, remain at reasonable levels

This excerpt taken from the RF 8-K filed Oct 16, 2007.

Credit costs, while higher, remain at reasonable levels

 

 

Net charge-offs of $63.1 million, or an annualized 0.27 percent of average loans, an increase of 4 bps linked-quarter

 

 

Non-performing assets remained steady at $588.3 million or 0.62% of loans

 

 

Adherence to strong underwriting standards evident in loss experience

 

 

Net charge-offs expected to rise gradually in coming quarters as credit cycle turns

 

 

Allowance for credit losses as a percentage of loans remained flat linked-quarter at 1.19%

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