Question-and-Answer Session
Operator
(Operator instructions). Our first question comes from Damon Delmonte from KBW. Please go ahead.
Damon Delmonte - KBW
Hi, good morning, guys. How are you? Or good afternoon I should say.
John Dolan
Hi, Damon.
Damon Delmonte - KBW
I was just wondering if you could provide a little bit more color on your indirect auto loan portfolio. Again, if you could just go over the size of that and the types of FICO scores.
Mike Price
Just briefly, I think the size of it and through some paper rustling it about $380 million and we have seen some nice increase in our spreads here over the course of the last few months. Some of the captives and some of our competitors are getting out of that business. And we just feel that that's a core business to really connect with a lot of local auto dealers. As far as FICO scores, I'm kind of groping for them, but I'm pretty sure FICO scores are stable to up, and I'm looking at -- okay, delinquency --
Edward Lipkus
Damon, this is Ed Lipkus. I just want to support Mike what saying in that we saw some spread widening here. We generally don't want to throw out the spreads here, but they have widened, we've taken advantage of them and that's for us -- that was a key reason to grow this part of the portfolio when we see a lot of our competitors here exiting the business.
Mike Price
A little tick up in delinquency, not much. Still under a buck, just creeped up to about 76 basis points dollars past due in the portfolio.
John Dolan
I think, Damon, just to add something. This is John. We have been tweaking the rate up to reflect the value of our investment and they are still paying and they are still coming on board. So I think that we're remaining with good quality. In fact, improving somewhat in our credit quality there, but we're also still getting the volumes even despite moving our rates up significantly.
Damon Delmonte - KBW
Okay, and on the FICO, is there an approximation? Are we talking -- like what percentage of it would be under say 660 or what percentage of it is 700 or 750?
Mike Price
I think the number has gone up from roughly 76%, 77% over 650. I think that number has climbed to almost 84%, 85%, if my memory serves [inaudible] that still right? Okay.
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