Office Loans Investment and Deposit Portfolio Analysis
Nonperforming Assets Turnover - Quarter ended
June 30, 2023
March 31, 2023 Balance:
NPL Additions:
#1
#2
Nonperforming
Loans
REO
Total
FMV of
Collateral()
(Dollars in Thousands)
$14,522
$0
$14,522
2,296
696
2,296
1,998
696
784
Other Loans - Various
2,522
2,522
Total Additions:
5,513
5,513
NPL Resolutions:
#1
#2
(1,218)
(1,218)
(895)
(895)
Other Loans - Various
(2,239)
(2,239)
Total Resolutions:
(4,352)
(4,352)
June 30, 2023 Balance:
$15,683
$0
$15,683
(1) Fair Market Value reflects the projected net proceeds from liquidation of collateral
Notes
Northeast
BANK
Retail/commercial property in LA; $298 thousand
specific reserve
Two neighboring hotels in NJ
51 loans (totaling $2.5 million) placed on nonaccrual
Mixed use property in TX returned to accrual
Economy hotel in WY paid off
16 loans (totaling $1.5 million) returned to accrual or
paid off; $725 thousand in net paydowns
16View entire presentation