Areas Financial Corp (RF) Q1 Earnings Phone Transcript

Areas Financial Corp (RF) Q1 Earnings Phone Transcript

Your question that is next is Dave Rochester of Compass aim.

David Rochester — Compass Aim Analysis — Analyst

Hey, good early early early early morning dudes. Appreciate all of the color in the power together with restaurant publications. Simply possibly dig in a tiny bit much much deeper|bit that is little}, ended up being simply wondering what lengths along you’re in that borrowing base redetermination procedure at this stage? And then just on the restaurant book, if you’ve been able to do a full review of that book as well if you have a sense for where the new deck is, how much lines have contracted for those customers and. And in case you assume some of those guys come back into business if you have a sense for how many customers may no longer be operating at this point and just how you project should be for that? Thanks.

John M. Turner — President and Ceo

Yes, Barb, would you like to react to that concern?

Barbara Godin — Chief Credit Officer

Yes. For the power publications, our company is approximately one fourth associated with method through the borrowing base redetermination when it comes to period. Thus far we’ve seen that people bases that are borrowing supply is down about 12.5percent. Therefore we realize that there’s plainly some effects here. we have to be through the others guide for the duration of the month that is next month and a half, therefore we can constantly offer more color at that time over time.

Regarding the restaurant guide, we have additionally looked over each customer separately because there are not that numerous customers. And on a regular basis, daily, weekly, monthly right now, make sure we have our handle on that so we were talking to them. Devamını oku