The following note disclosure is taken from the 2016 annual report to shareholders of Winchester International Corporation.

NOTE 5: ALLOWANCE FOR LOAN LOSSES

The allowance for loan loss is maintained at a level to absorb probable losses inherent in the loan portfolio. This allowance is increased by provisions charged to operating expense and by recoveries on loans previously charged off, and reduced by charge-offs on loans.

The following is a summary of the changes in the allowances for loan losses for three years:

At December 31

(In thousands)

2016

2015

2014

Balance at beginning of year

$ 91,809

73,658

66,201

Allowances from purchase transactions

1,851

10,980

3,647

Provisions charged to operations

14,400

11,800

9,000

Subtotal

108,060

96,438

78,848

Charge-offs

(11,575)

(6,816)

(7,406)

Recoveries

1,822

2,187

2,216

Net charge-offs

(9,753)

(4,629)

(5,190)

Balance at end of year

$ 98,307

91,809

73,658

Winchester also reported (in thousands) in its comparative balance sheet that it held Loans receivable, net, of $6,869,911 and $6,819,209 at December 31, 2016, and December 31, 2015, respectively.

If Winchester is using the balance sheet approach to determining loan losses and the Allowance account balance, what percentage did it use in 2016?