cAoM Cobafq bApq | OMNM ANNrAi obmloq
Comparative allowance coverageI as a percentage of key loan categoriesI followsW
qhe following table summarizes loan related assets and statisticsW As of aecember PN
OMNM
OMMV
As of aecember PN
OMM8
ioansW merforming loans ioans past due VM days or more still accruing
Allowance for loan losses A QIOONIRNO
A PIMPSIUUN
A OIVRNIMSQ
PIMMS
NIQNP
OMU
konaccrual loans
RMIRUS
QMIUQQ
ORIPRO
qotal highJrisk loans
RPIRVO
QOIORT
ORIRSM
lther property owned
OISMV
OST
TRR
qotal high risk assets
RSIOMN
QOIROQ
OSIPNR
A QIOTRINMQ
A PIMTVINPU
A OIVTSISOQ
dross loans
eighJrisk loans to gross loans
NKPB
NKQB
MKVB
konaccrual loans to gross loans
NKOB
NKPB
MKVB
aelinquencies as a B of total performing loans
MKQB
MKSB
MKQB
OMNM
OMMV
OMM8
ARRIPVR
AQMITSQ
APNIPRP
Allowance as a percentage ofW dross loans
NKPB
NKPB
NKNB
konaccrual loans
NMVKRB
VVKUB
NOPKTB
eighJrisk loans
NMPKQB
VSKRB
NOOKVB
cor further discussion regarding the allowance for loan lossesI refer to kote P to the consolidated financial statementsI “ioans and Allowance for ioan iosses”K Credit nuality Credit risk arises from the inability of an obligor to meet its repayment obligation and exists in our outstanding loansI unfunded loan commitmentsI and letters of creditK te manage credit risk associated with our lending activities through an assessment of the credit risk profile of an individual borrower based on an analysis of the borrower’s credit historyI repayment capacityI financial positionI and collateralK oepayment capacity focuses on the borrower’s ability to repay the loan based on cash flows from operations or other sources of incomeK qhe Association also manages single borrower hold positions and industry concentrations based on underlying riskK qhe geographic and commodity diversity in the loan portfolioI coupled with disciplined underwritingI reduces the potential for significant credit lossesK Also worth notingI carm Credit bast’s underwriting standards do not allow for subprime lending which is evident based on the current and historical delinquency percentages of the loan portfolioK
cor additional loan type informationI see kote P to the consolidated financial statements “ioans and Allowance for ioan iosses”K Allowance for ioan iosses qhe allowance for loan losses was ARRKQ million at aecember PNI OMNMK ket loan chargeJoffs were ARKQ million for the twelve months ended aecember PNI OMNMK qhe allowance for loan losses at each period end was considered by management to be adequate to absorb probable losses existing in and inherent to the loan portfolioK janagement’s evaluations consider factors including loan loss experienceI portfolio qualityI loan portfolio compositionI current production conditionsI and economic conditionsK
qo reduce portfolio riskI the Association participates in the rpaA’s carm pervice Agency guarantee program and as of aecember PNI OMNM has guarantees totaling AOVQ millionK qhe Association also participates in the carmer jac iong qerm ptandby Commitment to murchase mrogramK As of aecember PNI OMNMI commitments totaling AUU million were in this programK konaccrual loans totaled ARMKS million at aecember PNI OMNMI a decrease of APKS million from a combined ARQKO million at aecember PNI OMMVK konaccrual loans as a percentage of gross loans remained at a relatively low level of NKOBK
T