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## Note 13 - Loans Receivable >. 

The following is a detail of the loan portfolio: 

<img src='content_image/38335.jpg'>

The Corporation’s primary lending area is Puerto Rico. At December 31, 2001 and 2000 there is no significant concentration of credit risk in any specific industry on the loan portfolio. 

At December 31, 2001, loans in which the accrual of interest income had been discontinued amounted to $72,998,000 (2000 - $67,716,000; 1999 - $53,816,000). If these loans had been accruing interest, the additional interest income realized would have been approximately $5,735,000 (2000 - $5,937,000; 1999 - $4,544,000). There are no material commitments to lend additional funds to borrowers whose loans were in non-accruing sta- tus at these dates. 

At December 31, 2001 mortgage loans held for sale amounted to $4.6 million. All mortgage loans were sold at market values, which exceeded the carrying value of the loans. 

At December 31, 2001, the Corporation was servicing mortgage loans owned by others aggregating approximately $160,583,000 (2000 - $144,805,000; 1999 - $134,348,000). 

