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Eric Fox's
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230 comments
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This bank has $74 million in loans that are more than 30 days past due - of these $74 million about $65 million are in non accrual status. When the bank takes title to these assets, they will see offers of only 40-50 cents on the dollar for them so I hope you are right about the low LTV's. They do have a high capital cushion with total tier one capital of $207 million and a ratio of 10.88%.
Feb 26 08:56 am
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All Comments by Eric Fox »Seacoast Banking: Prudent Management Pays Off [View article]