Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Jeff Rulis. Your line is open.
Jeff Rulis - D.A. Davidson
Good afternoon.
David Taber
Hi, Jeff.
Jeff Rulis - D.A. Davidson
Mitch, I was trying to get to a core margin trend, got 506 for this quarter. The comparable number in Q2 when backing out the lost interest in margin. What was that number? Reports was 4.99.
Mitch Derenzo
Last quarter we backed off $266,000.
Jeff Rulis - D.A. Davidson
And in basis points that's --
Mitch Derenzo
Yes, I don't have my last quarter number there.
Jeff Rulis - D.A. Davidson
I can back into that. Okay. Separately, you guys seem okay on capital versus your peers. I didn't know if you had any incite into this TARP program, would you have any reason to believe that you wouldn't be eligible for that plan?
David Taber
Certainly we are eligible, and we have looked at it briefly, and at this time it doesn't look like it's something that we would want since we don't need the capital, we've got plenty, but haven't studied it in great depth.
Jeff Rulis - D.A. Davidson
Okay. And then I saw an article about this, do you have any exposure to that Reynen and Bardis builder that recently filed for bankruptcy?
David Taber
We had no, the person in Reynen and Bardis personally have filed bankruptcy. Reynen and Bardis, their homebuilding company has not, just to be clear about that.
Jeff Rulis - D.A. Davidson
Sure.
David Taber
We do have not to the homebuilder, but to an associated company some of our loans that the four lot loans and the one home loan is to an affiliated business of Reynen.
Jeff Rulis - D.A. Davidson
And then lastly, you sort of alluded to this in the press release and also in your comments about you guys are open for business. Does that suggest that you're seeing competitors less aggressive on new business in your markets?
David Taber
Without question, Jeff. What we're seeing is as we saw with loan totals going up so dramatically just in Q3 alone, we're seeing so much opportunity which translates into a good look to bring in deposits as well as loans because that's a requirement, but also the pricing is better than it had been 12 to 18 months ago.
Jeff Rulis - D.A. Davidson
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