The following note disclosure is taken from the 2021 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) 2021 2020 2019

Balance at beginning of year $ 91,809 73,658 66,201

Allowances from purchase transactions (1) 1,851 10,980 3,647

Provisions charged to operations (2) 14,400 11,800 9,000

Subtotal 108,060 96,438 78,848

Charge-offs (4) (11,575) (6,816) (7,406)

Recoveries (3) 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 $6,869,110 and $6,819,209 at December 31, 2021, and December 31, 2020, respectively.

For each posted entry in the Allowance account during 2021, indicate the remaining entry(ies) in other accounts.

1)

Provisions charged to operations

2)

Provisions charged to operations

3)

Recoveries

4)

Charge off's

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