First Financial Holdings, Inc. Announces Fourth Quarter And Fiscal 2010 Year End Results
The following table displays total loans by major loan category at each of the last five quarters:
|LOANS (in thousands)||September 30, 2010||June 30, 2010||March 31, 2010||December 31, 2009||September 30, 2009|
|Residential 1-4 Family||$ 836,644||$ 810,180||$ 778,747||$ 767,923||$ 749,289|
|Total residential loans||907,424||880,173||857,566||848,031||840,677|
|Commercial real estate||598,547||593,894||593,128||591,787||601,135|
|Total commercial loans||863,012||910,493||957,944||999,218||1,031,324|
|Total consumer loans||793,912||800,153||796,705||796,953||789,741|
|Less: Allowance for loan losses||86,871||86,945||82,731||73,534||68,473|
|Net loans||$ 2,477,477||$ 2,503,874||$ 2,529,484||$ 2,570,668||$ 2,593,269|
|Note: Certain amounts have been reclassified to conform with current period presentation.|
Total loans decreased $26.5 million or 1.0% from June 30, 2010 and declined $97.4 million or 3.7% from the same period one year ago. The decrease from September 30, 2009 in residential construction, residential land and commercial loans results from a combination of lower loan demand, increased loan charge-offs and the transfer of nonperforming loans to real estate owned. Increased volume in residential loans is attributable to originations and refinances during the current low interest rate environment. Manufactured housing loans increased due to higher customer demand and the expansion of relationships with dealers.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV