OHIO VALLEY BANC CORP
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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EX-13 · Table VII
Table VII
| (dollars in thousands) | ||
|---|---|---|
| 2024 | 2023 | |
| Loans | $1,061,825 | $971,900 |
| Allowance for credit losses | 10,088 | 8,767 |
| Past due 90 days or more and still accruing | 116 | 119 |
| Nonaccrual | 4,817 | 2,392 |
| Allowance for credit losses to total loans | .95% | .90% |
| Nonaccrual loans to total loans | .45% | .25% |
| Allowance for credit losses to nonaccrual loans | 209.42% | 366.51% |
Management formally considers placing a loan on nonaccrual status when collection of principal or interest has become doubtful. Furthermore, generally, a loan is not returned to accrual status unless either all delinquent principal or interest has been brought current or the loan becomes well secured and is in the process of collection.
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