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During the most recent quarter, Bobcat Bank had $5 million in loans 30-89 days late, $3 million in loans 90 + days late, and $0.7M
During the most recent quarter, Bobcat Bank had $5 million in loans 30-89 days late, $3 million in loans 90 + days late, and $0.7M additional loans that were uncollectible.It was able to recover $0.3M from loans that were previously deemed uncollectible.What is the ending ALLL balance if the beginning ALLL balance was $3.2M, and $1.7M of loan losses were expensed on the income statement?
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