Question-and-Answer Session
Operator
Thank you. The question and answer session will be conducted electronically. (Operator Instructions) We’ll take our first question from Brett Rabatin with FTN Midwest.
Brett Rabatin - FTN Midwest Securities Corp.
Hi Clint. Hi everybody, how are you doing?
Clint Arnoldus
Hey Brett. I don’t know where you lost us.
Brett Rabatin - FTN Midwest Securities Corp.
You were talking about the credit quality and the loan portfolio and just going over some of the aspects of the California book and I really just want to start with, I want to make sure I understood, I thought I heard mentioned that the movement into MTAs and the press release in this case 6 California land loans to 5 borrowers for $34.7 million but then if I understood the commentary that you were talking about there were 2 loans in Washington for $8.7 million and then 4 loans in California, I missed the number. Can you guys walk me through what the right numbers are for the MTAs there?
Curtis Chinn
Brett, this is Curtis.
Brett Rabatin - FTN Midwest Securities Corp.
Hey Curtis.
Curtis Chinn
The two loans in Washington aggregated at $5 million.
Brett Rabatin - FTN Midwest Securities Corp.
Okay, then so the rest was California?
Curtis Chinn
Yes.
Brett Rabatin - FTN Midwest Securities Corp.
And were there 6 or 4?
Curtis Chinn
The total was 6 loans moving into MTA, two of which were Washington.
Brett Rabatin - FTN Midwest Securities Corp.
Okay, so there’s 4 in California and 2 in Washington.
Curtis Chinn
I’m sorry, that was 1 in Washington and the rest in California.
Brett Rabatin - FTN Midwest Securities Corp.
Okay, so 5 in California and 1 in Washington.
Curtis Chinn
Sorry about that.
Brett Rabatin - FTN Midwest Securities Corp.
Alright, and just FYI, I think you just kind of dropped off a little bit maybe thirty seconds after discussing that, and then I guess the other thing I caught right near the end was you mentioned the provision in the fourth quarter included specific reserves. Can you tell me what that number was that you have set aside from provisioning the 4Q on the non-accrual list, what your specific reserves are?
Curtis Chinn
We’re calculating that.
Brett Rabatin - FTN Midwest Securities Corp.
And while you’re looking for that, if I also heard correctly, early in the call you mentioned two thirds of the residential portfolio in California, $323 million was classified so A, is the classified total for residential then about $210 million or so and if I understand correctly if 100% of loans in the Inland Empire are classified, that would mean the Central Valley is significantly less or maybe 40% of that piece is classified. Can you walk me through how much of the total portfolio is classified and then each one of those segments?
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