Question-and-Answer Session
Operator
(Operator Instructions). Your first question is from Dave Rochester – FBR Capital Markets..
Dave Rochester – FBR Capital Markets
Hey guys thanks for taking my questions. Rob I was wondering could you update us on the watch list, special mention sub-standard data that you provided the past couple quarters?
Rob Robinson
Sure. Before I do that I just want to -- as I was speaking I think I misquoted on one of the ratios where I talked about total past dues where they’re centered. I just want to make sure it’s clear 96.5% of our past dues are centered in real estate. I think I said 16.5; my reading glasses slipped off my nose.
So on the risk rating on the watch the total for the year end in our watch category was 334.7 million. And our risk rating for loan that was 363.5 million. In our, what would be considered our substandard grade five, 290.3 million. And then in our non-accrual status that number was 400, 435.2.
Dave Rochester – FBR Capital Markets
So let me just make sure I heard the special mention number was that 363.5? Did I get that right?
Rob Robinson
Yes.
Dave Rochester – FBR Capital Markets
OK. And then the substandard 290.3 and then the non-accrual which I guess is broken down separately from the sub-standard; none of the non-accruals are in the substandard right? It’s 435.2.
Rob Robinson
Right.
Dave Rochester – FBR Capital Markets
My next question related to the NPAs is it given the rate of growth that we’ve seen I know it's impossible to say you know how far you guys think that that can get, but do you have a sense for what kind of range just given the continue ramp that you’ve seen in January and what, given your outlook for unemployment and ultimately you know home price decline in your area. Are you looking at something in the 15 to 20% range for NPAs or something lower than that?
Rob Robinson
It's really tough to project forward, but that figure would be – I don't believe we've hit that figure. But one thing that we see happening right now is, as you recall, we had this group of loans that was coming through into non-accrual, and once they get into non-accrual, or after going into non-accrual, you're working on – many of them are in liquidation. And I think we'll get some of those liquidations of the larger loans resolved in this quarter, which will help us with our NPA.
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