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Average loans increased 8.9percentto to $80.9 billion.
Take net charge-offs as a percentage of average loans — a measure of the relative health of loan portfolios.
The company set aside $1.6 billion for loan losses compared with $1.8 billion a year ago, reflecting lower average loans, but that was offset by higher write-offs.
Net charge-offs for the period were $7.9 million, or 0.13percentt of total average loans and leases outstanding this quarter, down from $10.7 million, or 0.2percentt, a year ago.
With average loans of $10,000, Americans with ideas and initiative but no credit history have been able to start thousands of businesses providing services from day care to gardening to travel arrangements.
On average, loans are now 83.6% of the value of a property, compared with 81.6% a year ago.
Similar(49)
Our average loan is ninety-five dollars".
The average loan is about $10,500.
The average loan size is just under $10 million.
Average loan-to-income ratios have passed their 2007 peak.
The average loan from Grameen Bank was $130.
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CEO of Professional Science Editing for Scientists @ prosciediting.com