Commercial real estate exposure for eight bank failures.
Construction and land loans accounted for $84.7 million (41.8 percent), while commercial mortgages made up $58.1 million (28.6 percent) of the nonperforming total. Residential mortgages were a secondary source of distress, with $38.9 million (19.2 percent) of the total nonperforming loans. Commercial and industrial loans contributed $4.5 million (2.2 percent) of the nonperforming total. Other nonperforming loans, including unsecured consumer loans, totaled $16.6 million (8.2 percent).
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|Comment:||Commercial real estate exposure for eight bank failures.(Commercial)|
|Date:||Sep 1, 2012|
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