Banking 1 CustomThe managed asset or special asset department of a bank is ofteb referred to as the "damage control" area for lending.  All known problem loans should be transferred to a team of specialists dedicated to protecting the assets of the bank.  These specialists work with problem loan customers to increase the probability of repayment on active loans and to maximize the recovery of charged-off obligations.

Depending on the size of the problem loan portfolio, a community bank needs to weigh the costs and benefits of employing full time personnel that possess the skills required to effectively work this portfolio.

Turner and Associates, Inc. provides a cost-effective alternative to community banks by supplying experienced managed asset specialists if and when they are needed. Since the ten largest problem loan customers typically represent 90% of the problem loan balance, Turner and Associates, Inc. works with the bank's largest accounts relieving management from the time consuming interaction required to collect on these loans. Additionally or separately, Turner and Associates, Inc. can work as a "sounding board" for management by acting as the head of managed assets or merely an occasional advisor for problem loans.  At Turner and Associates, our commitment to you is excellence.  Our principals have been involved with problem loan management for over twenty five years.  During that time, we have developed time tested procedures that simplify the process and reduce the time and effort required to accomplish the goals established by our clients.

The loan workout process takes on many forms including renewals, extensions of loan terms and possibly additional funds, loan restructuring with or without concessions or a split note offered under current FDIC guidelines.  The process undertaken is structured to maximize the repayment of principal and interest while adhering to sound banking, supervisory, and accounting practices.  To operate within these constraints Turner and Associates, Inc. will perform a detailed evaluation of each credit assigned, including:

  1. Reviewing the credit and documentation files;
  2. Discussions with the assigned lending officer;
  3. Assessing collateral values and FAS114 allocation requirments;
  4. Analyzing the various sources of repayment;
  5. Meeting with the borrower and any guarantors to review the current situation;
  6. Creation of a schedule of recommended actions and desired results;
  7. Development of realistic repayment projections utilizing our assessment of the borrowers willingness to pay, our independent global debt service computations, or asset liquidation scenarios;
  8. When necessary, coordinating with legal counsel to assist in the workout process;
  9. Monitoring the ongoing performance of the borrower and any guarantors under the approved terms of the workout plan; and
  10. Recommending changes to loan grades and FAS114 allocations for each assigned lending relationship through an approved management reporting process.

In addition, if the agreed upon plan is defaulted upon, we can provide collection support; and facilitate or coordinate asset sales, note sales, or third party refinancing or working capital infusion for the borrower.

Normal 0 false false false EN-US X-NONE X-NONE

The managed asset or special asset department of a bank is often referred to as the "damage control" area for lending.  All known problem loans should be transferred to a team of specialists dedicated to protecting the assets of the bank. These specialists work with problem loan customers to increase the probability of repayment on active loans and to maximize the recovery of charged-off obligations.

Depending on the size of the problem loan portfolio, a community bank needs to weigh the costs and benefits of employing full time personnel that possess the skills required to effectively work this portfolio.

Turner and Associates, Inc. provides a cost-effective alternative to community banks by supplying experienced managed asset specialists if and when they are needed. Since the ten largest problem loan customers typically represent 90% of the problem loan balance, Turner and Associates, Inc. works with the bank's largest accounts relieving management from the time consuming interaction required to collect on these loans. Additionally or separately, Turner and Associates, Inc. can work as a "sounding board" for management by acting as the head of managed assets or merely an occasional advisor for problem loans.

At Turner and Associates, our commitment to you is excellence.  Our principals have been involved with problem loan management for over twenty five years.  During that time, we have developed time tested procedures that simplify the process and reduce the time and effort required to accomplish the goals established by our clients.