At June 30, 2012, we had $10.4 million in Other Real Estate Owned (“OREO”), a decrease of $3.4 million from the eleven OREO properties totaling $13.8 million at December 31, 2011. During the first and second quarter of 2012, we added three properties for a total of $1.8 million to OREO. We sold six properties with an OREO value of $5.1 million, realizing a net gain of $304,000. We now have eight OREO properties.At June 30, 2012, we had loans delinquent 30 to 89 days of $1.3 million. This compares to delinquent loans of $11.2 million at March 31, 2012 and $5.5 million at December 31, 2011. As a percentage of total loans, delinquencies, excluding non-accruals, were 0.04% at June 30, 2012, 0.35% at March 31, 2012 and 0.17% at December 31, 2011. All loans delinquent 90 days or more were categorized as non-performing.
CVB Financial Corp. Reports Highest Quarterly Profit In Company History
Check Out Our Best Services for Investors
- $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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.