Page 17 - Pillar 3 Disclosure
P. 17

















The indexed security value of past due loans relates to the original value of the property adjusted to reflect changes in a regional house price 

index.



A residual maturity analysis of loans and advances to customers is provided at Note 13 of the Annual Report and Accounts 2013. The following 


caveat is offered: ‘This maturity analysis assumes that loans and advances run for their full agreed term. In practice, mortgage loans seldom 

continue to the agreed maturity date and, therefore, the actual repayment profile is likely to be different from that disclosed.



The Society's accounting policy in relation to provisions for bad and doubtful debts is recited in full at Note 1 to the Annual Report and Accounts 


2013.



Full details of the movements on provisions for bad and doubtful debts are provided at Note 14 to the Annual Report and Accounts 2013.




For capital adequacy purposes, general provisions are regarded as Tier 2 capital (see Table 2 above). Summarised details of the provision 

movements during 2013 are given in Table 5 below.



Table 5


Mortgage loss provisions

Brought Written off
Recoveries
Charge for Carried 

forward at 1 the year
forward at 

Dec 2012 30 Nov 

£000
2013 

£000
£000
£000

£000

General
423
(39)
384


Specific
266
(102)
161
325

Total
689
(102)
122
709


















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