Nonaccrual C&I loans fell for the second straight month and now represent 0.9% of total outstanding balances as of the end of January 2021, down from the 1.03% for November 2020 month end. After increasing in seven out of eight months between April and November of 2020, Nonaccruals appear to have peaked, at least for now. Short-term (30–59 day) delinquencies for January were up substantially, climbing from 0.3% at year-end 2020 to 0.6%. Delinquency measures continue to fluctuate wildly (from a high of 1.3% to a low of 0.3%) as the combined effects of industry payment deferral programs and ample government stimulus have so far provided a successful bridge to consumers and businesses.
Thank you for your interest in the RMA/AFS Commercial Credit Quality Bulletin February 2021. This issue can be downloaded below.
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Automated Financial Systems, Inc. (AFS) 123 Summit Drive Exton, PA 19341 Phone: +1 610 524 9300
Automated Financial Systems, Inc. (AFS) 79 chaussée de Charleroi, 3e et 4e étage, 1060 Bruxelles, Belgium Phone: +1 484 875 1545
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