White River Capital, Inc. Announces Results For Third Quarter 2011

CREDIT QUALITY

The following tables set forth delinquency, charge-off and allowance levels for the Coastal Credit portfolio:

Coastal Credit LLC
Delinquency Rates Experienced - Finance Receivables
(in thousands except percentages)
					September 30,							December 31,							September 30,
					2011							2010							2010
					$			%				$			%				$			%
Finance receivables - gross balance					$	133,928						$	119,788						$	118,898
Delinquencies:
30-59 days					$	1,225		0.9	%			$	1,209		1.0	%			$	1,025		0.9	%
60-89 days						512		0.4	%				538		0.4	%				552		0.5	%
90+ days						442		0.3	%				354		0.3	%				630		0.5	%
Total delinquencies					$	2,179		1.6	%			$	2,101		1.8	%			$	2,207		1.9	%

Coastal Credit LLC
Allowance for Loan Losses - Finance Receivables
(in thousands except percentages)
					Quarters Ended September 30,									Nine Months Ended September 30,
					2011				2010					2011				2010
Balance at beginning of period					$	7,703			$	8,345				$	8,153			$	8,085
Charge-offs						(1,614	)			(2,062	)				(5,051	)			(6,453	)
Recoveries						686				539					1,924				1,613
Provision for loan losses						928				1,583					2,677				5,160
Balance at the end of the period					$	7,703			$	8,405				$	7,703			$	8,405
Finance receivables, net of unearned finance charges					$	132,070			$	116,944				$	132,070			$	116,944
Allowance for loan losses as a percent of finance receivables, net of unearned finance charges						5.83	%			7.19	%				5.83	%			7.19	%
Annualized net charge-offs as a percent of finance receivables, net of unearned finance charges						2.81	%			5.21	%				3.16	%			5.52	%
Allowance for loan losses as a percent of annualized net charge-offs						207.52	%			137.97	%				184.75	%			130.24	%

ABOUT WHITE RIVER AND COASTAL CREDIT

Founded in 2004, White River is the holding company for Coastal Credit LLC.

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