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"Item 1. (numerator) 90 days past due loans BUT STILL ACCRUING INTEREST (i.e., counted as performing) grew from less than $2 million to over $16 million. Did they change their accounting policy on the sly?"
This is the best of it all. Wait, you mean that when someone DOESN'T make a payment on a loan I made to them I can't count the interest I am charging them as an asset? UHGGH....what a travesty! I should be able to count interest on payments my clients never make!!!!!!!!!!!! What ever happened to 2002-2004 accounting rules??!?!?? Rating :
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A look under the covers of the credit metrics shows yet...
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annacappa93... |
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3-Nov-09 02:08 pm | ||
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It speaks volumes when management can take comfort...
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Able_6 | (1 Rating) | 3-Nov-09 02:45 pm | ||
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Re: Buried Credit Woes in Call Report
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jenmthompso... | (2 Ratings) | 3-Nov-09 04:18 pm |
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