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)
 
March 31, December 31, March 31,
2012 2011 2011
 
Finance receivables - gross balance $ 140,810 $ 137,277 $ 122,649
 
Delinquencies:
30-59 days $ 1,014 0.7 % $ 1,317 1.0 % $ 900 0.7 %
60-89 days 512 0.4 % 689 0.5 % 370 0.3 %
90+ days   946 0.7 %   697 0.5 %   362 0.3 %
Total delinquencies $ 2,472 1.8 % $ 2,703 2.0 % $ 1,632 1.3 %
 
   
Coastal Credit LLC
Allowance for Loan Losses - Finance Receivables
(in thousands except percentages)
 
Quarters Ended

March 31,
2012 2011
Balance at beginning of period $ 7,703 $ 8,153
Charge-offs (1,919 ) (1,829 )
Recoveries 630 579
Provision for loan losses   1,289     1,050  
 
Balance at the end of the period $ 7,703   $ 7,953  
 
Finance receivables, net of unearned finance charges $ 139,012 $ 120,635
 
Allowance for loan losses as a percent of finance receivables, net of unearned finance charges 5.54 % 6.59 %
 
Annualized net charge-offs as a percent of finance receivables, net of unearned finance charges 3.71 % 4.14 %
 
Allowance for loan losses as a percent of annualized net charge-offs 149.40 % 159.06 %
 

ABOUT WHITE RIVER AND COASTAL CREDIT

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