Note 3 - Defaults
| Parent bank | Group | |||||
| 31 Dec 2010 | 31 March 2010 | 31 March 2011 | 31 March 2011 | 31 March 2010 | 31 Dec 2010 | |
| Total defaults | ||||||
| 397 | 229 | 362 | Loans in default for more than 90 days *) | 477 | 331 | 499 |
| 72 | 49 | 62 | - Specified loss provision | 96 | 71 | 100 |
| 325 | 181 | 300 | Net defaults | 382 | 260 | 399 |
| 18 % | 21 % | 17 % | Provision rate | 20 % | 21 % | 20 % |
| Problem Loans | ||||||
| 198 | 668 | 200 | Problem loans (not in default) | 202 | 690 | 211 |
| 114 | 188 | 120 | - Specified loss provision | 122 | 196 | 122 |
| 84 | 479 | 80 | Net problem loans | 81 | 493 | 89 |
| 58 % | 28 % | 60 % | Provision rate | 60 % | 28 % | 58 % |
*) Of which NOK 17 million relates to loans in the guarantee portfolio taken over from BN Bank ASA. These will not entail loss for SpareBank 1 SMN.
