BCAR .34 $448 MM/ASSETS 3 MM O/S, was Over $10...

BCAR .34 $448 MM/ASSETS & 3 MM O/S, was Over $10....$$$s Soon >> The Company continues with significant improvement in the levels of nonperforming assets for the sixth consecutive quarter.  As of September 30, 2012, the Company's nonperforming assets decreased to $13.5 million and amounted to 3.02% of total assets as compared to $16.9 million or 3.58% of total assets as of June 30, 2012, and compared to $28.9 million, or 5.72% of total assets as of September 30, 2011.  The allowance for loan losses was 2.65% of total loans as of September 30, 2012. Net loan charge-offs amounted to $1.6 millionfor the third quarter of 2012, an increase from $740,000 in the second quarter of 2012 and a decrease from$3.6 million in the third quarter of 2011.