Question-and-Answer Session
Operator
(Operator instructions) Our first question comes from Andy Stapp with B. Riley & Company. Please proceed with your question.
Ted Cecala
Hello?
Ellen Roberts
Andy? Victoria?
Operator
Yes.
Ellen Roberts
We are not hearing his questionnaires.
Operator
Andy, if you can please speak, your line is in question.
Andy Stapp – B. Riley & Company
I have been speaking.
Ellen Roberts
Now, we can hear you.
Andy Stapp – B. Riley & Company
Okay. If you have the dollar amount of raw land loans at quarter end?
Ted Cecala
Raw land loans, yes. I do have that, Andy, and of course you are going to make me dig through my – this is still more picking up high amount of stuff here. Yes, thank you. It is basically about $200 million. And by raw land, I am looking at this, I think this is your definition, too, which would be not having full approvals, obviously no improvements if you don’t have the approvals. So, with that as the definition, raw land is about $200 million.
Andy Stapp – B. Riley & Company
Yes, that’s what I was looking for. And have you seen any sign of stabilizations in the value of raw land and lots.
Ted Cecala
Certainly, we have seen a decline in the value over the last year to two. I think on average in terms of most of everything we are seeing in the last six months or so, I would characterize as kind of a period of more stabilization and I think that probably holds true for land as well. We are starting to see more people that have capital that are interested and acquiring some land that we are involved with, some of the larger buildings that we don’t finance directly, those who are in need of land and sitting on the sidelines now for a couple of years plus, and are interested now in booking some of these prices. And the land values that we are talking about are, you know, in line with where we have seen values over the past six months or so, which again is down more than a little bit from the peak. But I would tell you, I would characterize over the last six months has been a more stable environment.
Andy Stapp – B. Riley & Company
Do you have 30 to 89 delinquencies at quarter end?
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