At December 31, 2010, the Company had $27 million in troubled debt restructurings (TDRs), primarily consisting of two $10 million classified partially secured commercial and industrial (C&I) loans and a classified $6.5 million secured, performing land loan in Roslyn, New York. The borrowers requested and were granted interest rate or other concessions. These credits have been on the Company's watch list since 2009 and 2008, respectively, and are fully advanced. The Company had TDRs amounting to $436 thousand at December 31, 2009 and $7.2 million at September 30, 2010.As of December 31, 2010, the Company's allowance for loan losses amounted to $33 million or 2.9% of period-end loans outstanding. The allowance as a percentage of loans outstanding was 2.6% at December 31, 2009 and 2.9% at September 30, 2010.
State Bancorp, Inc. Reports Fourth Quarter And Full Year 2010 Profits
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