White River Capital, Inc. Announces Results For 2011
Mr. Szumski continued, “Shareholders’ equity was $71.7 million or $20.29 per common share, as of December 31, 2011.”
DIVIDEND
As previously announced, White River paid a quarterly dividend of $0.25 per share on its common stock on November 21, 2011 in addition to a special dividend of $4.00 per share on its common stock on December 22, 2011.
On February 3, 2012, White River announced that its Board of Directors had declared a quarterly cash dividend of 25 cents per share on its common stock to be paid February 24, 2012 to shareholders of record on February 13, 2012.
STOCK REPURCHASE PROGRAM White River is authorized to repurchase up to 250,000 shares of its outstanding common stock, from time to time and subject to market conditions, on the open market or in privately negotiated transactions. As of December 31, 2011, White River has repurchased 62,829 shares of its outstanding common stock under the program at an average price per share of $19.40. PROVISION FOR LOAN LOSSES The consolidated provision for loan losses was $1.3 million for both of the quarters ended December 31, 2011 and 2010. The following table documents the quarterly provision, allowance for loan losses and net charge offs at Coastal Credit for the fourth quarter 2009 through the fourth quarter 2011:| Quarter | Provision (in millions) | Allowance for Loan Losses as a Percent of Finance Receivables | Annualized Net Charge-offs as a Percent of Finance Receivables | ||||||||||||
| 4 th 2011 | $1.3 | 5.68% | 3.87% | ||||||||||||
| 3 rd 2011 | $0.9 | 5.83% | 2.81% | ||||||||||||
| 2 nd 2011 | $0.7 | 6.07% | 2.99% | ||||||||||||
| 1 st 2011 | $1.1 | 6.59% | 4.14% | ||||||||||||
| 4 th 2010 | $1.3 | 6.92% | 5.40% | ||||||||||||
| 3 rd 2010 | $1.6 | 7.19% | 5.21% | ||||||||||||
| 2 nd 2010 | $1.6 | 7.33% | 5.54% | ||||||||||||
| 1 st 2010 | $1.9 | 7.42% | 6.27% | ||||||||||||
| 4 th 2009 | $2.3 | 7.44% | 7.40% | ||||||||||||
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll 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.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
