Loans and leases, excluding loans covered by FDIC loss share agreements (“covered loans”), were $2.03 billion at September 30, 2012, a 9.1% increase compared to $1.86 billion at September 30, 2011. Including covered loans, total loans and leases were $2.69 billion at September 30, 2012, a 1.4% decrease from $2.72 billion at September 30, 2011.Mr. Gleason stated, “During the quarter just ended, our balance of loans and leases outstanding, excluding covered loans, increased $51 million, and our unfunded balance of closed loans increased $143 million from $554 million at June 30, 2012 to $697 million at September 30, 2012. The increase in our unfunded balance of closed loans has favorable implications for further growth in the balance of loans and leases outstanding in future quarters.”
Bank Of The Ozarks, Inc. Announces Third Quarter 2012 Earnings
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