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As might be expected, Levels of loan delinquency have trended up during 2008. The overall delinquency rate for performing commercial loans was in the range of 38 basis points during the first nine months of the year but we saw that level of past dues rise more seriously in the fourth quarter increasing to roughly 87 basis points at the end of the year. While averaging 70 basis points during 2008, The trend in performing organization loan delinquencies mirrors that of the commercial loans with an upward trend in the fourth quarter with 1.05%.Our home equity portfolio also exhibited a shallow upward trend in performing loan delinquencies during 2008 with significant increases in the fourth quarter.
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October 11th, 2014 at 01:04 pm