Note 8 - Defaults

Parent bank				Group
31 Dec 2010	30 June 2010	30 June 2011		30 June 2011	30 June 2010	31 Dec 2010
			Total defaults
397	231	254	Loans in default for more than 90 days *)	361	342	499
72	46	58	- Specified loss provision	88	73	100
325	185	196	Net defaults	273	269	399
18 %	20 %	23 %	Provision rate	24 %	21 %	20 %
			Problem Loans
198	665	161	Problem loans (not in default)	178	680	211
114	198	84	- Specified loss provision	90	207	122
84	466	77	Net problem loans	88	473	89
58 %	30 %	52 %	Provision rate	51 %	30 %	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.