During the third quarter of 2012 and 2011, DNB provided $375,000 and $426,000, respectively, for credit losses. The allowance for credit losses at September 30, 2012 was $6.6 million compared to $6.2 million at December 31, 2011. DNB's coverage ratio, defined as the allowance for credit losses as a percentage of non-performing loans was 66.53% at September 30, 2012.William J. Hieb, President and Chief Risk & Credit Officer said: "We continue to work diligently to control the level of non-performing loans and we expect our efforts to reap benefits as we approach the end of the year. While non-performing loans have increased slightly in the third quarter, overall delinquencies have declined $1.1 million when compared to second quarter 2012. "
DNB Financial Corporation Reports Year-Over-Year Earnings Growth For Third Quarter, Nine Months Of 2012
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