- Credit Quality: Reserve for credit losses increased to $52.4 million or 3.58% of total loans, up from $38.3 million and 2.47% at December 31, 2009.
- Credit Quality: Non-performing assets (NPA's) were stable at $160.7 million compared to $161.7 million at December 31, 2009.
- Credit Quality: Net charge-offs were lower at $12.0 million compared to $43.5 million for the linked-quarter.
- Total Loans: $82.0 million decline from December 31, 2009.
- Total Deposits: $82.2 million decline from December 31, 2009, primarily due to decreased brokered deposits; down 5.7% compared to a year-ago period.
- First Quarter Net Loss Per Share: of ($0.87) or ( $24.4 million) mainly due to elevated provision for loan losses of $25.9 million. This compared to a net loss per share of ($1.73) or ( $48.5 million) for the linked-quarter.
- Liquidity Portfolio: Interest bearing balances held at Federal Reserve Bank were approximately $286.9 million or 14% of assets to enhance liquidity.
- Net Interest Margin: improved to 3.50% compared to 3.25% for the linked-quarter.
Cascade Bancorp (Oregon) Announces Filing Of Form 10-Q Quarterly Report And Financial Results For The First Quarter Of 2010
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.