Also found in: Financial.
ALLLAllowance for Loan and Lease Losses
ALLLAlfred Lyman Little League (Maine)
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The ALLL represented 898.9% of nonperforming loans and 1.30% of total loans receivable, net of undisbursed funds, at March 31, 2016, compared to 872.2% and 1.36%, respectively, at December 31, 2015, and 392.7% and 1.54%, respectively, at March 31, 2015.
As of March 31, 2016, the portion of the ALLL allocated to MISN acquired loans was $0.3 million or 0.19% of the remaining acquired MISN loan portfolio.
In addition to operationalizing ALLL calculations and reporting, Solvas|ALLL+ features a statistical modeling approach, economic data, peer benchmarking and supplemental analytics that provide transparency and user-definable customization for the allowance process.
These loans are excluded from the ALLL process, but management has estimated that approximately $5.3 million of the fair value adjustment for these loans relates to potential future credit losses, translating to an additional 0.07% of total loans.
Our goal for the past year has been to ensure we have identified the risk in the portfolio and properly dealt with that risk through charge-offs or higher reserves in our ALLL. Our ALLL as a percentage of loans is much higher than our Peer group average, and we have been aggressive in risk rating all of our loans in a conservative manner.
The decrease in provision for loan losses was primarily due a reduction in historical loss rates used in the Company's ALLL model due to improvement in charge-off levels.
Highlights include recommendations within the areas of credit administration and asset quality, ALLL, stress testing, management and compliance with federal banking regulations.
Included in the results for the quarter ended March 31, 2014 is a negative provision for loan losses of USD 5.0m to reduce the bank's Allowance for loan and lease losses consistent with the bank's ALLL methodology.
Britain's Alliance & Leicester (A&L) (ALLL.L) has raised GBP400m (USD744m) as part of a sale of bonds backed by prime residential mortgages this week, according to a report by Reuters.
The allowance for loan losses (ALLL) as a percent of total loans at March 31, 2016 was 1.08% and annualized net charge-offs to total loans were 0.10% for the nine month period ended March 31, 2016 compared with an ALLL to loans ratio of 1.05% and an annualized net charge-off ratio of 0.11% for the same period last year.