Nonaccrual Loans (“Nonaccruals”) decreased 17% to $60.7 million on a linked quarter basis. On a year-over-year basis, Nonaccruals were down 11%. As a percentage of Total Loans, Nonaccruals were 1.26% in the fourth quarter of 2012, down 22 basis points from 1.48% in the third quarter of 2012. On a year-over-year basis, Nonaccruals as a percentage of Total Loans declined 20 basis points from 1.46%.
Additional credit metrics are listed below on a linked quarter and year-over-year basis:
December 31, 2012
|September 30, 2012||December 31, 2011|
|Total Criticized Loans||$235.0||$275.5||$309.3|
|Total Loans 30-89 Days Past Due and Accruing (10)||$46.4||$9.5||$27.0|
|Total Net Loans (Charged-off)/Recovered||($2.1)||($3.9)||($0.1)|
|Allowance for Loan Losses/Total Loans||1.75%||1.83%||2.07%|
Capital Ratios Strengthen in Q4, Dividend Increase and Share Repurchase Program Announced
Most regulatory risk-based capital ratios and tangible common equity ratios increased on a linked quarter basis and year-over-year. The Board of Directors today announced a dividend increase to $0.05 per share, up from $0.01 per share last quarter.
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