Question-and-Answer Session
Operator
Thank you, sir. The Question and Answer session will be conducted electronically. (Operator instructions.) Well go first to John Pancari with J.P. Morgan.
John Pancari - J.P. Morgan
Good morning.
Richard Hickson
Morning, John.
John Pancari - J.P. Morgan
Can you talk a little bit more about the SNC Credit, just wanted to see how much was a reserve you took against it. And then separately if you can give us any more detail about the size of your Shared National Credit Book? Thanks
Richard Hickson
We check the market where it was trading, John, and we're written down to what we had and offered to buy the credit for. That would be somewhere between 15 and 20% reserving against it.
John Pancari - J.P. Morgan
Okay, and then—
Richard Hickson
But there's really not much of a market in term facility B. We did get a couple of quotes. We could probably have worked the market more diligently but this fit in with our substandard pool as a percentage and so we just put it in the pool but we validated it. On our Shared National Credit Book is not a significant thing for us.
I'm going to ask Louis Greer to think out loud on this. To my knowledge, we don't have anything that's—
Louis Greer
Well, typically our Shared National Credits have been limited to those companies that have a presence in our footprint. Typically—
Richard Hickson
You got a broad number?
Louis Greer
No, I don't in front of me.
Richard Hickson
Well, let's get something out there.
Louis Greer
About $250 million.
Richard Hickson
Not more then $250 million, John. And if we had one it would might be some of the gaming companies that we'd be in their revolver, be a couple of credits that we might agent and a few other Mississippi company like Public Chicken Process or something like that. We don't see it as an issue for us at this time.
Louis Greer
We are not active participants in the syndication market.
John Pancari - J.P. Morgan
And of that $250 million, how much of that are you lead agent on?
Richard Hickson
We're agent on one $120 million dollar credit. Is that about what it is, $120?
Louis Greer
That's about a right.
Richard Hickson
Yeah, and there are three or four other Mississippi credits that we don't agent because our whole level would be $25 million and it might be B of A or Wells or somebody that we bring in to agent the credit.
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