Question-and-Answer Session
Operator
Thank you. (Operator instructions) Our first question does come from Brett Villaume [ph], FIG Partners [ph]. Please go ahead.
Brett Villaume - FIG Partners
Hi, good morning.
Bill Small
Good morning Brett.
Brett Villaume - FIG Partners
I wanted to ask you on your commercial real estate portfolio, what percentage of that are non-owner occupied?
Bill Small
The commercial real estate that is non-owner occupied, I know to be honest with you Brett; I don’t have that breakdown here with me this morning.
Brett Villaume - FIG Partners
Okay.
Bill Small
We can get that for you. I will tell you that the general characteristic of that portfolio. It really kind of relates back to our thrift roots, where we were very comfortable with mortgages. We like real estate as collateral and a vast -- a large percentage of that is -- are loans to small businesses that include their real estate. You know, it is not to say that there certainly are some investment properties in there of different types, but an awful lot of it, a large percentage of it is owner occupied.
Brett Villaume - FIG Partners
If I were to go back and look at last quarter percentage from regulatory sources would it probably be about the same?
Bill Small
Yes.
Brett Villaume - FIG Partners
Okay, great. And then on the construction portfolio, do you anticipate that you are going to see a sort of a continuation of that same sort of drawdown in the fourth quarter; I guess it is still about 9%?
Bill Small
Yes, I think that would be probably be pretty consistent with what we would expect because number one, there just is not a lot of construction activity going on out his way and secondly we are certainly being very cautious in anything that we look at in that arena.
Brett Villaume - FIG Partners
Okay, and then lastly I think you may mentioned it, but if you didn’t you would mind repeating the tier one risk-based ratio. You said you had 20% of it well capitalized status, I was wondering if I could just have that exact ratio.
Bill Small
Well, that is not -- we are doing the final calculations right now. At the end of the second quarter we were at 12.18. We know it is still in excess of 12%, but I don’t want to give you an exact figure because I -- at this point I cannot verify or validate that that would be absolutely exact, but I can tell you it is in excess of 12.
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