Sunday, December 17, 2017

Optimism’s Large Cost

Posted by Phil December 13, 2010 4:56pm

Photo Credit: Idea Go

Optimism’s Large Cost

In 2011, community banks will revisit many of the troubled loans restructured in the past year.

Among institutions with less than $20 billion of assets, troubled debt restructurings rose 64% as of September 30 (compared to a year earlier). More than a third of such loans fell back into delinquency, making it difficult to determine whether more restructuring will fix the problem or extend the misery.

These figures indicate bankers were a bit too hopeful that giving borrowers a little more time with smaller payments would fix the ongoing problems.

Hope is apparently not a strategy.

Original reference article by Rachel Witkowski in American Banker

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Philip Gonzalez Image

Philip Gonzalez

Director of Internal Audit

Philip Gonzalez, Director, has over 40 years of experience in the financial services industry, holding a wide variety of executive and senior management experience at community banks and financial institutions.



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