Chart 2 Bank CRE Loan Performance Remains Strong
Despite Escalating Office Vacancy Rates
| Date |
FDIC Commercial Banks Past Due CRE Loans as % of o/s CRE Loans |
FDIC Commercial Banks' Charged-Off CRE Loans as % of o/s CRE Loans |
Office Vacancy
|
| 03/31/03 |
0.95% |
0.09% |
16.90% |
| 12/31/02 |
0.90% |
0.14% |
16.50% |
| 12/31/01 |
0.94% |
0.12% |
14.20% |
| 12/31/00 |
0.71% |
0.05% |
8.60% |
| 12/31/99 |
0.71% |
0.03% |
9.60% |
| 12/31/98 |
0.91% |
0.01% |
9.00% |
| 12/31/97 |
1.14% |
0.01% |
9.90% |
| 12/31/96 |
1.54% |
0.11% |
12.20% |
| 12/31/95 |
2.14% |
0.30% |
13.90% |
| 12/31/94 |
2.88% |
0.57% |
15.30% |
| 12/31/93 |
4.68% |
1.23% |
16.90% |
| 12/31/92 |
7.07% |
2.00% |
18.70% |
| 12/31/91 |
8.00% |
1.88% |
19.00% |
Source: FDIC, Torto Wheaton Research. 2003 as shown is first quarter, with charge-offs annualized.