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August 13, 2007 at 2:15 PM #74660August 13, 2007 at 2:31 PM #74543
bsrsharma
ParticipantNCCoastalSeller,
Thanks for that info. I am a little perplexed by these ratios. Do you understand what these are? The 3 columns are for Q12007, all of 2006 and all of 2005:
Asset Quality:
Nonperforming Assets / Assets 0.11 0.16 0.07
Nonperforming Assets / Equity & Loss Reserves 0.92 1.38 0.55
Loss Reserves / Loans 0.27 0.32 0.26
They look rather large for non-performing/loss reserve.
August 13, 2007 at 2:31 PM #74661bsrsharma
ParticipantNCCoastalSeller,
Thanks for that info. I am a little perplexed by these ratios. Do you understand what these are? The 3 columns are for Q12007, all of 2006 and all of 2005:
Asset Quality:
Nonperforming Assets / Assets 0.11 0.16 0.07
Nonperforming Assets / Equity & Loss Reserves 0.92 1.38 0.55
Loss Reserves / Loans 0.27 0.32 0.26
They look rather large for non-performing/loss reserve.
August 13, 2007 at 2:31 PM #74666bsrsharma
ParticipantNCCoastalSeller,
Thanks for that info. I am a little perplexed by these ratios. Do you understand what these are? The 3 columns are for Q12007, all of 2006 and all of 2005:
Asset Quality:
Nonperforming Assets / Assets 0.11 0.16 0.07
Nonperforming Assets / Equity & Loss Reserves 0.92 1.38 0.55
Loss Reserves / Loans 0.27 0.32 0.26
They look rather large for non-performing/loss reserve.
August 13, 2007 at 4:34 PM #74653nccoastalseller
Participantnccoastalseller
I can’t comment on the specifics of the financial statement.
I do wonder how often the ratings are updated.
Anyone in the banking world want to provide comments?
I plan on reading through this: (http://www.fdic.gov/regulations/resources/directors_college/sfcb/asset.pdf)
when time allows.
August 13, 2007 at 4:34 PM #74769nccoastalseller
Participantnccoastalseller
I can’t comment on the specifics of the financial statement.
I do wonder how often the ratings are updated.
Anyone in the banking world want to provide comments?
I plan on reading through this: (http://www.fdic.gov/regulations/resources/directors_college/sfcb/asset.pdf)
when time allows.
August 13, 2007 at 4:34 PM #74774nccoastalseller
Participantnccoastalseller
I can’t comment on the specifics of the financial statement.
I do wonder how often the ratings are updated.
Anyone in the banking world want to provide comments?
I plan on reading through this: (http://www.fdic.gov/regulations/resources/directors_college/sfcb/asset.pdf)
when time allows.
August 13, 2007 at 9:09 PM #74773cashman
ParticipantSo, any thoughts about putting the cash with the big brokerage houses? They claim $25M in insurance from SIPC, but that’s for securities. What about the cash? There must be lots of people out there that have millions in cash laying around. How do they protect it? It’s too much of a pain the neck to split it out in 100K chunks to dozens of FDIC banks.
August 13, 2007 at 9:09 PM #74888cashman
ParticipantSo, any thoughts about putting the cash with the big brokerage houses? They claim $25M in insurance from SIPC, but that’s for securities. What about the cash? There must be lots of people out there that have millions in cash laying around. How do they protect it? It’s too much of a pain the neck to split it out in 100K chunks to dozens of FDIC banks.
August 13, 2007 at 9:09 PM #74894cashman
ParticipantSo, any thoughts about putting the cash with the big brokerage houses? They claim $25M in insurance from SIPC, but that’s for securities. What about the cash? There must be lots of people out there that have millions in cash laying around. How do they protect it? It’s too much of a pain the neck to split it out in 100K chunks to dozens of FDIC banks.
August 13, 2007 at 9:35 PM #74785gracie
ParticipantDoes any one have any info on Mission Federal Credit Union?
How safe is that bank?August 13, 2007 at 9:35 PM #74901gracie
ParticipantDoes any one have any info on Mission Federal Credit Union?
How safe is that bank?August 13, 2007 at 9:35 PM #74906gracie
ParticipantDoes any one have any info on Mission Federal Credit Union?
How safe is that bank?August 14, 2007 at 12:41 AM #74825Anonymous
GuestGracie, according to the creditunionrate.com website, Mission Federal is number 34 on their top 50 list of credit unions in the nation.
August 14, 2007 at 12:41 AM #74942Anonymous
GuestGracie, according to the creditunionrate.com website, Mission Federal is number 34 on their top 50 list of credit unions in the nation.
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