This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

White River Capital, Inc. Announces Results For Second Quarter 2012

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)
           
June 30, December 31, June 30,
2012 2011 2011
 
Finance receivables - gross balance $ 144,902 $ 137,277 $ 128,819
 
Delinquencies:
30-59 days $ 1,527 1.1 % $ 1,317 1.0 % $ 999 0.8 %
60-89 days 891 0.6 % 689 0.5 % 292 0.2 %
90+ days   860 0.6 %   697 0.5 %   262 0.2 %
Total delinquencies $ 3,278 2.3 % $ 2,703 2.0 % $ 1,553 1.2 %
 
Coastal Credit LLC
Allowance for Loan Losses - Finance Receivables
(in thousands except percentages)
       
Quarters Ended

June 30,
Six Months Ended

June 30,
2012 2011 2012 2011
Balance at beginning of period $ 7,703 $ 7,953 $ 7,703 $ 8,153
Charge-offs (1,931 ) (1,608 ) (3,851 ) (3,437 )
Recoveries 639 659 1,270 1,238
Provision for loan losses   1,292     699     2,581     1,749  
 
Balance at the end of the period $ 7,703   $ 7,703   $ 7,703   $ 7,703  
 
Finance receivables, net of unearned finance charges $ 143,123 $ 126,839 $ 143,123 $ 126,839
 
Allowance for loan losses as a percent of finance receivables, net of unearned finance charges 5.38 % 6.07 % 5.38 % 6.07 %
 
Annualized net charge-offs as a percent of finance receivables, net of unearned finance charges 3.61 % 2.99 % 3.61 % 3.47 %
 
Allowance for loan losses as a percent of annualized net charge-offs 149.05 % 202.92 % 149.23 % 175.15 %
 

ABOUT WHITE RIVER AND COASTAL CREDIT

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

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,488.37 +136.99 0.84%
S&P 500 1,968.08 +19.22 0.99%
NASDAQ 4,783.5760 +33.5970 0.71%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs