BERKSHIRE HILLS BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
BBT$31.01+1.1%Stored close · as of Nov 10, 2026
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ITEM 1. TABLE 3 — CREDIT QUALITY RATIOS
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Ratios: | |||
| Allowance for credit losses on loans/total loans | 1.17% | 1.15% | 1.55% |
| Nonaccrual loans/total loans | 0.24% | 0.37% | 0.52% |
| Allowance for credit losses/nonaccruing loans | 492.47% | 309.41% | 300.33% |
| Net charge-offs/average loans | 0.26% | 0.27% | 0.29% |
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Net charge-offs to average loans: | |||
| Construction | —% | —% | —% |
| Commercial multifamily | — | — | — |
| Commercial real estate owner occupied | (0.01) | — | 0.02 |
| Commercial real estate non-owner occupied | — | 0.06 | 0.17 |
| Commercial and industrial | 0.17 | 0.20 | 0.09 |
| Residential real estate | — | (0.01) | — |
| Home equity | — | — | — |
| Consumer other | 0.10 | 0.02 | 0.01 |
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