Question-and-Answer Session
Operator
(Operator Instructions) We do have a question from Damon Delmonte from KBW, please go ahead.
Damon Delmonte – KBW
I was wondering if you could tell us what the reserve is currently that you have against your leasing finance portfolio?
John Tietjen
We don't segment the reserve on a regular basis. We did at yearend to comply with the SEC requirements. The reserve is looked at as a whole to satisfy all the requirements in the portfolio.
Damon Delmonte – KBW
If I look in the K, I will see what it was as of 12/31?
John Tietjen
Yes.
Damon Delmonte – KBW
Also, it looks like the 30 to 89day past dues for the [inaudible] portfolio were about $14.8 million this quarter. This is up from $5 million last quarter. Do you know kind of what the average is of that 14.8? Do we just assume that $9 million of it came on in this past quarter or?
John Tietjen
I think there's movement in the portfolio, as you can understand. The turnover in the collection staff in the first quarter definitely impacted our collection efforts. It's going to take a while for us to get out of the hole that put us in. In terms of the metrics, I would say that we're looking at pretty much the same metrics that John described in terms of the size of the individual transactions that are in the 89day category.
Operator
At this time, there are no further questions. Thank you.
John Millman
Thank you. We thank you for your interest and look forward to speaking with you again next quarter.
Operator
This conference will be made available for replay after 12:00 o'clock today until May 25 at midnight. (Operator Instructions) That does conclude our conference for today. Thank you for your participation and for using AT&T executive teleconference. You may now disconnect.
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