Question-and-Answer Session
Operator
Our first question comes from the line of John Pancari - JP Morgan.
John Pancari - JP Morgan
In terms of the increase in the 90 days past due, I believe you had indicated that its partly home equity but also residential construction, and probably consumer. Just wanted to see if we can get some more detail on the break out of that increase?
Ken Waldych
The actual rate of over 90 in the residential real estate construction portfolio was one loan of $1.35 million, which is subsequently paid current, I might add. The balance of it was split up, there was roughly about $5 million in our home equity portfolio, and then the rest of it was pretty well spread between the other portfolios.
John Pancari - JP Morgan
Then the home equity weakness, is that still concentrated in the outlying markets versus your core markets there?
Ken Waldych
Well, the home equity portfolio, I can’t say that about. The residential construction portfolio, more to the outlying areas. I don’t have that kind of specific feel on the home equity portfolios, but our rate of delinquency there remains very low and our rate of charge offs and losses there has been very low.
Gary Geisel
John, would you repeat your question again? We’re confused, go ahead. About that home equity.
Ken Waldych
Yes, Dennis cover this for you in his remarks.
Gary Geisel
Are you asking about the delinquency of home equity?
John Pancari - JP Morgan
No, I was just asking in terms of the geography of where you’re seeing the deterioration.
Dennis Starliper
As I said in the comments there, the underlying collateral behind all the loans, 85% are in Maryland, Virginia, and DC. I’m sorry, 96% of the collateral behind our home equity loans is located in the Maryland, Virginia, and DC footprint.
Gary Geisel
Was that your question, John?
John Pancari - JP Morgan
It was, but I meant just in terms of even within the states there, are you considering anything outlying versus your core?
Ken Waldych
John, really with home equity I can’t give you specifics on a county by county basis of delinquency, but I don’t see any trend data that says that it’s performing very differently in the outlying areas.
Gary Geisel
There’s no reason for us to believe that any measurable portion of the home equity portfolio is out in –
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