Send us Feedback

Washington Banking Company (WBCO)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

WBCO » Topics » Asset Quality:

This excerpt taken from the WBCO 10-Q filed May 11, 2009.
Asset Quality: The following table sets forth historical information regarding the Company's allowance for loan losses and net charge-offs:

Net Loan Charge-Offs as of:
      Three Months Ended  
      March 31,
(Dollars in thousands)      2009     2008  
Balance at beginning of period    $  12,250   $  11,126  
Charge-offs:               
             Commercial      (208 )    (449 ) 
             Real estate      (722 )    (20 ) 
             Consumer:               
                     Direct      (202 )    (191 ) 
                     Indirect      (649 )    (362 ) 
             Total charge-offs      (1,781 )    (1,022 ) 
Recoveries:               
             Commercial      137     55  
             Real estate      34     2  
             Consumer:               
                   Direct      29     47  
                   Indirect      204     171  
             Total recoveries      404     275  
Net charge-offs      (1,377 )    ( 747 ) 
Provision for loan losses      2,450     1,025  
Balance at end of period    $  13,323   $  11,404  
 
Indirect net charge-offs to average indirect loans (1)      1.68 %    0.68 % 
Other net charge-offs to average other loans (1)      0.53 %    0.32 % 
Net charge-offs to average loans (1)      0.68 %    0.37 % 
 
(1) Excludes loans held for sale.               

"Asset Quality:" elsewhere:

Arrow Financial (AROW)
Bancorp Rhode Island (BARI)
Bryn Mawr Bank (BMTC)
C&F Financial (CFFI)
Firstbank (FBMI)
First California Financial Group (FCAL)
First of Long Island (FLIC)
FNB United (FNBN)
HAMPTON ROADS BANKSHARES (HMPR)
Lakeland Bancorp (LBAI)
Middleburg Financial (MBRG)
Peapack-Gladstone Financial (PGC)
Southern Community Financial (SCMF)
Temecula Valley Bancorp Inc. (TMCV)
UNIVEST CORP OF PENNSYLVANIA (UVSP)
Yadkin Valley Financial (YAVY)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki