|
The table below summarizes the changes in the allowance for credit losses for 2003, 2002 and 2001:
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2003 |
|
2002 |
|
2001 |
|
|
|
|
|
|
| Allowance for loan and |
|
| lease losses, January 1 |
|
$ |
6,358 |
|
$ |
6,278 |
|
$ |
6,365 |
|
|
|
|
|
| Loans and leases charged off |
|
(3,867 |
) |
|
(4,460 |
) |
|
(4,844 |
) |
| Recoveries of loans and |
|
| leases previously charged off |
|
761 |
|
|
763 |
|
|
600 |
|
|
|
|
|
| Net charge-offs |
|
(3,106 |
) |
|
(3,697 |
) |
|
(4,244 |
) |
|
|
|
|
| Provision for loan and |
|
| lease losses |
|
2,916 |
|
|
3,801 |
|
|
4,163 |
|
| Other, net |
|
(5 |
) |
|
(24 |
) |
|
(6 |
) |
|
|
|
|
| Allowance for loan and |
|
| lease losses, December 31 |
|
$ |
6,163 |
|
$ |
6,358 |
|
$ |
6,278 |
|
|
|
|
|
| Reserve for unfunded lending |
|
| commitments, January 1 |
|
$ |
493 |
|
$ |
597 |
|
$ |
473 |
|
| Provision for unfunded lending |
|
| commitments |
|
(77 |
) |
|
(104 |
) |
|
124 |
|
|
|
|
|
| Reserve for unfunded |
|
| lending commitments, |
|
| December 31 |
|
$ |
416 |
|
$ |
493 |
|
$ |
597 |
|
|
|
|
|
| Total |
|
$ |
6,579 |
|
$ |
6,851 |
|
$ |
6,875 |
|
|
|
|
|
|
