Loans and Allowance For Loan Losses: Purchased Credit Impaired Loans Credit Quality Policy (Policies)

3 Months Ended

Dec. 31, 2012

Policies

Purchased Credit Impaired Loans Credit Quality Policy

The above amounts include purchased credit impaired loans.  At December 31, 2012, these loans comprised $37,000 of credits rated “Pass”; $1.6 million of credits rated “Watch”; no credits rated “Special Mention”; $2.9 million of loans rated “Substandard”; and no credits rated “Doubtful”.  At June 30, 2012, these loans comprised $1.5 million of credits rated “Pass”; no credits rated “Watch”; no credits rated “Special Mention”; $3.0 million of credits rated “Substandard”; and no credits rated “Doubtful”.