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Jul. 10, 2008 at 10:50am Columbia Bank bumps up loan lossColumbia Banking System, Inc. has announced that it expects to make a provision for loan losses of $15.4 million for the second quarter of 2008, due to an increase in non-accrual loans resulting from the slowing Pacific Northwest economic environment. The move will increase the Tacoma-based bank's total allowance for loan
losses to about 1.83 percent of net loans. Charge-offs for the quarter
are expected to be $1.6 million, increasing $800,000 from charge-offs
of $761,000 for the first quarter 2008. Posted in Banking/Financial Services, BE Daily, Pierce County, Retirement and Investing, Tacoma by Steve Dunkelberger | Email Steve Comments (0) Add your comment below |