Camden National Corporation* included the following in its 2008 annual report: The following is a summary of
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Give your opinion of trends in the allowance for loanlosses.
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December 3 2008 2007 2006 Balance at beginning of year Loans charged off Recoveries on loans previously charged off S13,653 (5,553) 825 (4,728) 4,369 4,397 $17,691 $14,933 S14,167 (2,192) 812 (1,380) (1,833) 391 (1,442) Net charge-offs Acquired from Union Trust Provision for loan losses Balance at end of year 100 S13,653 2,208 $14,933
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Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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