Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from John Pancari - J.P. Morgan.
John Pancari – J.P. Morgan
Can you give us some more detail on the drivers of the increases in your nonperformers and in delinquencies this quarter, just a little bit more granularity around how much is concentrated in real estate versus any other C&I areas or income producing commercial real estate and then industries within that there’s concentration?
Aubrey Patterson
You’d like some distinction between the sources within the portfolio of any changes in those categories, and I’m going to refer that to Gregg Cowsert, our Chief Lending Officer.
Gregg Cowsert
Most of our pressure on the quality of the portfolio obviously like most other people has come from the residential real estate sector. We still feel good about where we are in the performance level portfolios. Let me give you a few numbers here: Our construction and acquisition and development portfolio, which stood at $1,578 million at the end of June, had an annualized gross charge-off rate, and that’s gross charge-offs of 0.27. Our nonperforming loans in that category were 0.88 of the outstandings in that category, and our total dollar amount of nonperforming loans in that category was $13.9 million. So again, while the numbers are up, we feel like those are good levels, good manageable levels of nonperformings in that category.
In our true commercial real estate, which is non owner occupied and multi-family, we have a total of $1,480 million in that. Total dollar amount of nonperforming loans in that category is $800,000 or 0.5% of that category.
Of interest with most people is our home equity portfolio. We have $470 million outstanding in that. Our total nonperformers in that category is only $600,000 for 0.12% of portfolio, and our overall 30-day past dues in our home equity portfolio is 0.4%. We only have 60 accounts past due 30 days or more of 19,000 home equity accounts.
Our owner occupied real estate, commercial real estate, stood at $1,444 million. We had total nonperforming assets in that category of $2.8 million for 0.19% of total outstandings in that category.
So those are some highlights of where we’ve had some run-ups in our nonperformers. But again, given those numbers I’ve just discussed with you, they’re still at very manageable levels.
John Pancari – J.P. Morgan
The increases that you saw in the quarter, they were largely concentrated in the resi real estate, in the construction A&D particularly?
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