Question-and-Answer Session
Operator
Thank you. (Operator instructions) We will go first to John Pancari with J.P. Morgan.
John Pancari – J.P. Morgan
Good afternoon.
John Hope
Afternoon.
John Pancari – J.P. Morgan
Can you give us some additional detail on the concentration of your C&I credits that moved on to nonperformer by industry, particularly, new credits in the Louisiana markets?
John Hope
Lewis Rogers at credit will serve.
Lewis Rogers
John, you are asking for small detail in terms of the industries that we – if there any industry issues?
John Pancari – J.P. Morgan
Right, if there is any concentration in the C&I non-perfomers that moved on the quarter and in the progression you’re seeing in your watch list, is there any concentration by industry in the C&I, I was just trying to??
Lewis Rogers
I think in the C&I side, the answer is generally no, that there is nothing systemic industry wise that we see as it relates to the deterioration that we alluded to in the press release and in John’s comments.
John Pancari – J.P. Morgan
Okay. So you will characterize that the pressure you’re seeing there on C&I is just general linked to the economics slowdown in general then?
Lewis Rogers
If they are unique – most of these are unique, industries that these individual credits operate in, and again, there is really nothing systemic, it’s not as if we got six (inaudible) manufacturers that are going down, that it’s – they really are independent and unique – unique from one another.
John Pancari – J.P. Morgan
Okay. And in terms of outside a credit actually, just in terms of your loan growth I know you indicated that bulk of the contribution came from some of your core markets there, New Orleans or actually Louisiana, just want to get some detail around what type of loan demand you are seeing there? You know was it the immediate New Orleans markets or where is it concentrated?
John Turner
John, this is John Turner. It’s mixed, we, for the quarter, solved the majority of loan growth in our core New Orleans market, and it was across a variety of sectors both C&I and (inaudible) well a couple of commercial real estate transactions, both owner-occupied and nonowner-occupied. We continue to see good loan demand in Southwest Louisiana and in our Houston markets. Generally, our pipelines are good.
John Pancari – J.P. Morgan
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