He's kidding, right? C/Os of $313,000 but the credit quality is better than we thought so no provision required?

What auditor would sign off on that? Sterling's?

This paper is wrought with fraud risk:

http://www.monitordaily.com/story_page.a...


With a full year's experience in the leasing portfolio, Management re-evaluated its methodology and assumptions in its estimate of the allowance for loan and lease losses as of September 30, 2007. Based on this analysis, Management concluded that certain credit characteristics in the loan and lease portfolio evidenced a lower level of inherent loss than previously estimated and after recording net charge-offs in the quarter of $313 thousand, that the allowance for loan and lease losses was adequate. Although the provision for the quarter ended September 30, 2007 was zero, Management expects that its methodology will result in the need for provisions for loan and leases losses in future reporting periods.