After , the newest $925,000 financing is actually lead newest and you will revived to have a half a dozen-few days term
Fund 90 days delinquent but still accruing attention totaled $1.7 million toward , and you can $833,000 on the . You to definitely industrial financing totaling $925,100 safeguarded by the a commercial combined-play with building plus one home development financing totaling $110,one hundred thousand caused the increase.
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OREO totaled $step 1.eight billion towards the and you will off away from $2.9 billion on . Inside most recent one-fourth, half a dozen qualities with a text property value $563,100000 (as of ) was indeed ended up selling. Including in quarter, 19 properties which have a book property value $540,100 (at the time of ) was in fact relocated to OREO. With the , OREO is composed of 32 properties. Of these, 30 totaling $step one.6 mil was home-based, while the equilibrium are industrial real estate. Repossessed possessions totaled $23,one hundred thousand on . Repossessed assets consists generally off auto.
Horizon’s plan is always to set funds more than ninety days unpaid with the non-accrual unless he’s undergoing collection and you will a good complete healing is anticipated
Conventional domestic refinancing mortgage pastime has grown the fresh acquire for sale out-of money from the $3.one million into the 12 months finish e several months about prior season. (more…)