Question-and-Answer Session
Operator
(Operator instructions) And our first question comes from Scott Siefers with Sandler O'Neill.
Scott Siefers – Sandler O'Neill
Good afternoon, guys. Let's see I guess first question will just be on credit costs. Do you have a – do you have a sense just given the sort of wide range that have been in what we might expect for both charge-off and provision in the coming quarters?
Ray Beck
Scott, this is Ray. At this point we are really not providing guidance on that, but I can tell you that we don't see anything in the near-term that would indicate that the current conditions of residential housing industry are going to change or improve.
Scott Siefers – Sandler O'Neill
And then just on treasury's capital I was hoping you can just talk a bit more in-depth, I know you're looking at it, but any sense for I guess level of interest one you would expect to – have you actually applied it, when you would expect to hear back, et cetera?
Martin Zorn
Scott, this is Martin. We are interested probably in the 3% range, we made our application last week and we are in the process right now of waiting to hear directly from the treasury.
Scott Siefers – Sandler O'Neill
Okay. Thank you.
Operator
(Operator instructions) Our next question comes from Stephen Geyen, Stifel Nicolaus.
Stephen Geyen – Stifel Nicolaus
Hi, good afternoon, guys. Just you sound like certainly the residential in Chicago, there is a higher non-performance there. Also, did you see some – in Cincinnati I think you mentioned that you saw some deterioration in commercial loan portfolio in the Cincinnati area, if you could go into more detail there?
Ray Beck
Yes, Steven, this is Ray. We have experienced some problems in our commercial real estate portfolio as you mentioned out of Cincinnati but it's then almost entirely limited to residential construction portfolio. So they do commercial real estate loans well all product types, but they do have a piece and it's less than 20% of the total portfolio. It is tied to residential construction. And they have seen just like I think anybody in that business in this country they have started to see some deterioration in that piece.
Stephen Geyen – Stifel Nicolaus
Okay. Thanks for the clarification. And you mentioned that the market values, the general market value numbers that you gave from various sources in the Chicago market, the residential values, just wondering any loans have you brought back in your books in OREO and what the values are if you have been able to sell those and what those values were? Would they are expensive?
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