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NJ bank is in a rare spot: Total losses on some C&I loans
['John Reosti Is A Reporter Covering Community Banks In Particular', 'The Financial Services Industry In General. He Also Focuses On The Small...', 'Staff Writer', 'Technology Reporter']
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Key takeaway: BCB's recovery from credit-quality issues is a work in progress, as some C&I loans called total losses emerge as a cause for concern.
BCB's recovery from credit-quality issues is a work in progress, as some C&I loans called total losses emerge as a cause for concern.
Supporting data: About $30 million of C&I loans at BCB have been categorized as total losses.
About $30 million of C&I loans at BCB have been categorized as total losses.
Expert quote: "For them to have total losses, that means multiple structures need to have failed."