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Ohio Legacy Corp. Message Board

  • moreland_wl moreland_wl Mar 11, 2009 7:27 PM Flag


    Keep an eye on Region's loan loss allowance to late stage delinquencies.

    They are currently reserving $1 for every $0.25 they have in 90+ Days Delinquent. The rest of the nation is reserving $1 to cover $0.48 in delinquencies:

    They are setting aside quite a bit compared to what their potential near term losses could be.

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