What are Citizens And Northern's Business Segments?
The general component covers pools of loans by loan class including commercial
loans not considered individually impaired, as well as smaller balance homogeneous
classes of loans, such as residential real estate, home equity lines of credit
and other consumer loans. Accordingly, the Corporation generally does not separately
identify individual consumer and residential loans for impairment disclosures,
unless such loans are subject to a restructuring agreement. The pools of loans
for each loan segment are evaluated for loss exposure based upon average historical
net charge-off rates (currently thirty-six months), adjusted for qualitative factors.
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