Bank Records
90 Days Late
90 Day Lates are sorted by asset type and are a precursor to nonaccrual loans.
Loans that are 90 days late or more are reported in this section by asset type. 90 Day Lates are good to know if you are prospecting pre-foreclosures, appraisal work, workout consulting, foreclosure auction or legal work, nonperforming notes for sale and more. At 90 days late the loans are a problem but they have not yet become critical. The truth is that a very small amount of loans that become 90 days late ever get back on track. 90 Day late balances are a precursor to Nonaccrual Remember all of the numbers in this and every dollar column are in 000’s.
