Question-and-Answer Session
Operator
(Operator instructions) Our first comes from Mr. Jeff Rulis. Your line open sir and please state your company name.
Jeff Rulis – D.A. Davidson
D.A. Davidson. Good morning.
Dan Byrne
Good morning, Jeff. How are you?
Jeff Rulis – D.A. Davidson
Good, how are you?
Dan Byrne
I’m looking forward to seeing you next week.
Jeff Rulis – D.A. Davidson
Okay. Dan, I wanted to clarify the earnings guidance range, I just missed it.
Dan Byrne
I’m sorry?
Jeff Rulis – D.A. Davidson
The earnings guidance range, did you –?
Dan Byrne
Yes, the earnings guidance range we gave was $0.75 to a dollar.
Jeff Rulis – D.A. Davidson
Okay, thanks. And the credit issues you are seeing at Portland, specifically, I’m assuming that’s outside of the metro area, could you comment on sort of the specific areas of problems there?
Harold Gilkey
Well, Jeff, you got it identified well. It’s in the – when we say Portland, we’re talking in a general sense of the Portland metropolitan areas. And as indicated before on a couple of conversations, the Southeast Vancouver has slowed significantly and the Southeast Portland has started to slow.
Jeff Rulis – D.A. Davidson
And what is your total loan commitments in Portland?
Harold Gilkey
I think our total is about 20% of our construction lending, so about $0.5 billion.
Dan Byrne
It is actually a touch lower than that. It’s about $445 million in total.
Jeff Rulis – D.A. Davidson
Great. Okay, and then lastly, just looking for a clarification on the specific reserve on non-performing loans that you use to calculate the net non-performing loan number. That specific reserve, is that included in total reserves of $162 million?
Dan Byrne
Yes, it is.
Jeff Rulis – D.A. Davidson
Okay. Great, thank you.
Operator
Our next question comes from Matthew Clark. Your line is open, sir, and please state your company name.
Matthew Clark – KBW
Sure, KBW. Good morning guys.
Harold Gilkey
Good morning, Matt.
Dan Byrne
Good morning, Matt.
Matthew Clark – KBW
Can you give us the total capital ratio at the bank level at the end of the second quarter?
Dan Byrne
I think it’s in the press release.
Matthew Clark – KBW
I thought I saw the holding capital – I don't know.
Dan Byrne
We showed both – let me just pull that out here real quick.
Matthew Clark – KBW
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