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Chapter 12
409
TO THE NET
1. a. Item 1 Business
Market Area Competition
b. Table 7 – Nonperforming Assets
Loans accounted for on a nonaccrual basis
These loans peaked in 2009 and then materially declined in 2010.
Table 11 – Summary of Allocation of Allowance for Loan Losses
Allowance
Amount
Percentage
of
Allowance
Amount
Percent of
Loans in
Category to
Total Loans
Allocated Allowance
$
10,423
22.5
%
14.1
%
Commercial Real
Estate
21,939
47.4
52.0
Commercial
Construction
2,145
4.6
0.1
Small Business
3,740
8.1
2.3
Residential Real
Estate
2,915
6.3
13.3
Home Equity
3,369
7.3
16.3
Consumer – Other
1,724
3.7
1.9
Total Allowance for
Loan Losses
$
46,255
100.0
100.0
%
Comment:
category to total loans.
Commercial and industrial
Chapter 12
410
category to total loans.
2. a. Item 1 Business
General
headquartered in The Dalles, Oregon, through which substantially all business is
conducted. CRB offers a broad range of services to its customers, primarily
small and medium sized businesses and individuals.
2. There was a material increase in allowances for loan losses
3. There was a material increase in investment in impaired loans
3. a. Alliant Energy was incorporated in Wisconsin in 1981 and maintains is principal
executive offices in Madison, Wisconsin. Alliant Energy operates as a regulated
investor-owned public utility holding company.
b. Construction Work in Progress
December 31, 2010
December 31, 2009
Bent Tree- Phase 1 Wind
Project (Wisconsin Power
and Light Company)
$
154,500,000
$
165,500,000
Lansing Generating Station Unit
4 Emission Controls
(Interstate Power and Light
Company)
-----
137,000,000
Other
155,500,000
101,500,000
$
310,000,000
$
404,000,000
Chapter 12
411
2008
2007
2006
$
18,000,000
$
39,700,000
$
24,700,000
2010
2009
2008
(a) Allowance for Funds
Used During
Construction
$
18,000,000
$
39,700,000
$
24,700,000
(b) Income from
Continuing
Operations Before
Income Taxes
453,200,000
119,500,000
437,700,000
(a) ÷ (b)
3.97%
33.22%
5.64%
e. Moderately substantial in 2010, very material in 2009 and substantial in 2008
natural gas and petroleum products.
b. Note: Revenue Recognition Disclosure:
Revenue Recognition. The Corporation generally sells crude oil, natural gas and
petroleum products under short-term agreements at prevailing market prices. In
come cases (e.g., natural gas), products may be sold under long-term
Revenues from the production of natural gas properties in which the Corporation
has an interest with other producers are recognized on the basis of the
Corporation’s net working interest. Differences between actual production and
net working interest volumes are not significant.
Comment
Chapter 12
412
It appears to be a general description of “Completed Contract.”
“In all cases, revenues are recognized when the products are delivered, which
occurs when the customer has taken title and has assumed the risks and
reasonably assured.”
The second paragraph describes situations where they have an interest with
other producers from the production of natural gas properties.
interest volume are not significant.”
Appears to be a type of completed contract.
For the third paragraph, “Purchases and sales of inventory and the same counter
This appears to be a type of “point of sale.”
