Philippine Savings Bank Ranks Number One in Past Due DOSRI Loans as of December 31, 2012

Editor's Note: Data is culled from  the Published Statements of Condition of individual thrift banks found in www.bsp.gov.ph.  Banks highlighted in yellow are classified as Distressed Banks.  The level of distressed is measured by the Ratio of their Total Distressed Assets/Total Capital Cushion as of September 30, 2012.  See a previous blog post: "Philippine Thrift Banks Deteriorate in the 3rd Quarter of 2012".

NPLs.  Short for Non-Performing Loans.  The NPL Ratio, or the ratio of a bank's Non-Performing Loans (NPL) to Total Loan Portfolio (TLP) is a frequently cited figure in the general media to indicate a bank's financial health, or the health of the banking system as a whole.  See: "Banks reduce exposure to bad debts, have more cash to loan out—BSP".

In the Philippine Thrift Banking Industry, Non-Performing Loans stood at Php 24.704 billion as of December 31, 2012 - approximately 5.37% of the Philippine Thrift Banking Industry's Total Loan Portfolio - Net of Php 431.384 billion.

Philippine Thrift Banking System
NPL as % of TLP-Net
December 31, 2012
	NPL	TLP-Net	NPL/TLP
Bank	(In Php)	(In Php)	(In %)
Comsavings Bank	206,029,584.59	290,870,041.54	70.83%
The Real Bank (A Thrift Bank) Inc.	3,222,766,850.29	5,700,127,910.87	56.54%
Opportunity Kauswagan Bank, Inc.	83,197,928.00	223,003,769.46	37.31%
Malasiqui Progressive SLB, Inc.	14,315,768.15	46,186,665.90	31.00%
Citibank Savings Inc.	2,486,951,318.70	8,072,433,350.44	30.81%
Sampaguita SLA	11,229,144.04	37,363,351.31	30.05%
Pacific Ace Savings Bank	6,811,790.66	22,685,057.22	30.03%
Security Bank Savings Corporation	593,194,254.69	1,992,743,409.15	29.77%
Silangan Savings and Loan Bank, Inc.	8,315,990.48	28,561,474.19	29.12%
Bataan Development Bank	43,500,675.28	157,424,175.88	27.63%
Progress SLA	1,342,455.20	5,205,025.54	25.79%
Pampanga Development Bank	46,551,826.06	183,405,294.06	25.38%
Inter-Asia Development Bank	12,449,224.59	55,209,409.54	22.55%
Lemery Savings & Loan Bank, Inc.	13,752,022.51	63,139,275.56	21.78%
Pridestar Development Bank	7,066,828.55	34,888,932.03	20.26%
Hiyas Savings & Loan Bank	44,585,516.05	221,772,076.57	20.10%
Quezon Coconut Producers SLB Inc.	7,095,575.02	39,870,760.68	17.80%
Farmers Savings & Loan Bank	37,600,994.00	215,164,688.76	17.48%
Century Savings Bank	79,152,574.58	460,838,650.16	17.18%
Philippine Postal Savings Bank	429,267,774.36	2,694,220,112.28	15.93%
Cordillera Savings Bank	19,364,067.30	145,423,475.32	13.32%
Allied Savings Bank	327,204,614.68	2,516,571,943.16	13.00%
Tong Yang Savings Bank Inc.	109,111,957.87	864,935,556.57	12.62%
The Palawan Bank	18,704,567.06	152,222,647.08	12.29%
Luzon Development Bank	195,318,430.22	1,595,008,960.78	12.25%
University Savings Bank	50,160,494.53	417,971,158.40	12.00%
Legazpi Savings Bank Inc.	136,824,757.59	1,301,833,421.12	10.51%
Metro Cebu Public Savings Bank	6,811,800.97	68,651,469.80	9.92%
Planters Development Bank	2,847,117,574.72	31,468,618,904.74	9.05%
Life Savings Bank	5,137,364.70	58,931,483.29	8.72%
Maritime SLA	11,009,354.29	131,945,381.79	8.34%
Microfinance Maximum SB (Maxbank)	1,676,405.54	20,294,589.65	8.26%
Malayan Bank Savings & Mortgage Bank	321,929,248.00	4,073,900,781.98	7.90%
Business & Consumers Bank	10,741,580.17	136,146,312.46	7.89%
Penbank, Inc.	74,320,872.77	993,980,749.92	7.48%
Dungganon Bank	6,633,120.66	92,234,600.08	7.19%
Village SLA, Inc.	26,263,990.41	369,906,473.66	7.10%
First Consolidated Bank	387,125,970.42	6,126,989,462.62	6.32%
Philippine Resources Savings Banking Corporation	405,464,203.96	6,570,509,048.61	6.17%
Philippine Savings Bank	4,485,056,371.34	73,881,184,714.87	6.07%
Sterling Bank of Asia Inc.	813,196,974.83	14,654,209,030.56	5.55%
Iloilo City Development Bank	14,869,625.86	291,796,816.85	5.10%
BPI Globe Banko Inc. Savings Bank	120,129,632.77	2,377,874,620.43	5.05%
Dumaguete City Development Bank	22,162,072.29	442,704,739.23	5.01%
Northpoint Development Bank	4,600,700.26	98,047,347.68	4.69%
UCPB Savings Bank	294,135,575.67	6,528,141,434.28	4.51%
The Queen City Development Bank	47,111,032.75	1,129,933,263.62	4.17%
RCBC Savings Bank	1,406,564,983.60	34,598,840,724.25	4.07%
World Partners Bank (A Thrift Bank)	29,262,890.43	737,755,861.28	3.97%
Wealth Bank - A Development Bank	73,493,574.61	1,961,244,948.02	3.75%
BPI Direct Savings Bank	174,258,655.61	5,255,557,009.46	3.32%
Philippine Business Bank	626,147,411.17	19,178,645,212.04	3.26%
Producers Savings Bank	150,342,450.09	4,845,363,888.90	3.10%
Tower Development Bank	4,161,446.13	138,127,038.15	3.01%
Equicom SB	101,692,569.70	3,625,228,160.45	2.81%
Bank One Savings and Trust Corp.	20,048,326.36	725,863,798.05	2.76%
BPI Family Savings Bank	3,548,824,537.29	148,793,416,806.52	2.39%
Card SME Bank Inc. (A Thrift Bank)	11,586,934.61	550,724,889.94	2.10%
China Bank Savings	92,723,003.28	4,426,692,322.20	2.09%
Optimum Development Bank	13,702,260.73	788,915,821.76	1.74%
CityState Savings Bank	30,994,531.21	1,836,724,266.39	1.69%
City Savings Bank	213,188,951.25	12,958,830,498.85	1.65%
HSBC Savings Bank (Phils) Inc.	89,684,229.65	9,944,942,513.85	0.90%
Merchants Savings & Loan Association Inc.	430,478.95	191,167,254.85	0.23%
BDO Elite Savings Bank	0.00	940,000,000.00	0.00%
Enterprise Bank Inc.	0.00	1,459,990,964.84	0.00%
Isla Bank (A Thrift Bank) Inc.	0.00	645,794,477.84	0.00%
Sun Savings Bank	0.00	110,328,483.02	0.00%
United Overseas Bank Philippines	0.00	614,527,669.26	0.00%
Bataan SLA	NA	NA	NA
Grand Total	24,704,467,692.10	431,383,764,429.61	5.73%

Source: www.bsp.gov.ph

There are nine Thrift Banks with an NPL Ratio greater than 30% of Total Loan Portfolio - Net (TLP-Net).  These are as follows:

1. Comsavings Bank (70.83% of TLP-Net)
2. The Real Bank (56.54% of TLP-Net)
3. Opportunity Kauswagan Bank, Inc. (37.31% of TLP-Net)
4. Malasiqui Progressive SLB, Inc. (31.00% of TLP-Net)
5. Citibank Savings, Inc. (30.81% of TLP-Net)
6. Sampaguita SLA (30.05% of TLP-Net)
7. Pacific Ace Savings Bank (30.03% of TLP-Net)

Of these banks, three banks are considered distressed:

1. Comsavings Bank (formerly GSIS Family Bank)
2. The Real Bank, Inc.
3. Opportunity Kauswagan Bank, Inc.

The ratio of a bank's NPLs to its total Stockholders Equity (SE) maybe more important than the ratio of its NPLs to Total Loan Portfolio.  The idea behind this is that NPLs are fragile things.  As a loan deteriorates, its recoverable value will deteriorate as well.  A foreclosure might result in a loan recovery that is a fraction of the loans original value.  Therefore, banks with high NPL Ratios relative to their Stockholders Equity may face a significant loss of capital if a substantial amount of their NPLs are written of as a loss.

Philippine Thrift Banking System
NPL as % of SE
December 31, 2012
	NPL	SE	NPL/SE
Bank	(In PHP)	(In PHP)	(In %)
The Real Bank (A Thrift Bank) Inc.	3,222,766,850.29	1,265,377,014.80	254.69%
Citibank Savings Inc.	2,486,951,318.70	1,471,728,852.82	168.98%
The Palawan Bank	18,704,567.06	16,669,997.10	112.20%
Opportunity Kauswagan Bank, Inc.	83,197,928.00	80,270,857.14	103.65%
Silangan Savings and Loan Bank, Inc.	8,315,990.48	10,426,695.85	79.76%
Legazpi Savings Bank Inc.	136,824,757.59	184,484,675.09	74.17%
Planters Development Bank	2,847,117,574.72	3,933,416,724.92	72.38%
Bataan Development Bank	43,500,675.28	66,174,804.97	65.74%
Comsavings Bank	206,029,584.59	329,437,343.85	62.54%
Philippine Postal Savings Bank	429,267,774.36	720,553,426.82	59.57%
Security Bank Savings Corporation	593,194,254.69	1,164,978,185.29	50.92%
Luzon Development Bank	195,318,430.22	430,630,148.29	45.36%
Sterling Bank of Asia Inc.	813,196,974.83	1,925,297,568.78	42.24%
Pampanga Development Bank	46,551,826.06	110,544,474.60	42.11%
Farmers Savings & Loan Bank	37,600,994.00	100,560,559.07	37.39%
Village SLA, Inc.	26,263,990.41	71,843,132.74	36.56%
Allied Savings Bank	327,204,614.68	965,096,245.83	33.90%
Philippine Savings Bank	4,485,056,371.34	14,057,478,857.55	31.91%
Philippine Resources Savings Banking Corporation	405,464,203.96	1,292,900,034.16	31.36%
Malayan Bank Savings & Mortgage Bank	321,929,248.00	1,035,267,589.45	31.10%
Malasiqui Progressive SLB, Inc.	14,315,768.15	49,987,515.03	28.64%
Penbank, Inc.	74,320,872.77	260,777,698.81	28.50%
BPI Globe Banko Inc. Savings Bank	120,129,632.77	430,485,231.40	27.91%
Hiyas Savings & Loan Bank	44,585,516.05	160,302,962.64	27.81%
Tong Yang Savings Bank Inc.	109,111,957.87	407,290,508.71	26.79%
University Savings Bank	50,160,494.53	206,480,660.11	24.29%
BPI Direct Savings Bank	174,258,655.61	773,096,878.68	22.54%
Sampaguita SLA	11,229,144.04	50,542,973.94	22.22%
BPI Family Savings Bank	3,548,824,537.29	16,011,851,692.99	22.16%
Iloilo City Development Bank	14,869,625.86	67,932,197.37	21.89%
Equicom SB	101,692,569.70	468,281,883.21	21.72%
First Consolidated Bank	387,125,970.42	1,837,644,911.58	21.07%
Lemery Savings & Loan Bank, Inc.	13,752,022.51	69,458,939.81	19.80%
Wealth Bank - A Development Bank	73,493,574.61	376,293,333.07	19.53%
RCBC Savings Bank	1,406,564,983.60	7,471,776,051.03	18.83%
World Partners Bank (A Thrift Bank)	29,262,890.43	156,031,013.98	18.75%
Cordillera Savings Bank	19,364,067.30	104,333,928.64	18.56%
Maritime SLA	11,009,354.29	66,825,925.53	16.47%
Producers Savings Bank	150,342,450.09	1,015,203,873.52	14.81%
Philippine Business Bank	626,147,411.17	4,366,201,214.92	14.34%
Business & Consumers Bank	10,741,580.17	76,198,635.89	14.10%
UCPB Savings Bank	294,135,575.67	2,309,192,732.36	12.74%
Quezon Coconut Producers SLB Inc.	7,095,575.02	56,803,234.03	12.49%
Dungganon Bank	6,633,120.66	64,165,815.17	10.34%
Pridestar Development Bank	7,066,828.55	68,537,310.54	10.31%
Dumaguete City Development Bank	22,162,072.29	218,863,506.18	10.13%
Metro Cebu Public Savings Bank	6,811,800.97	69,109,884.69	9.86%
City Savings Bank	213,188,951.25	2,300,189,245.06	9.27%
Pacific Ace Savings Bank	6,811,790.66	73,957,223.31	9.21%
Century Savings Bank	79,152,574.58	899,914,431.63	8.80%
China Bank Savings	92,723,003.28	1,082,690,980.75	8.56%
Life Savings Bank	5,137,364.70	64,237,143.98	8.00%
The Queen City Development Bank	47,111,032.75	668,964,003.13	7.04%
Northpoint Development Bank	4,600,700.26	72,734,632.66	6.33%
Card SME Bank Inc. (A Thrift Bank)	11,586,934.61	197,354,860.15	5.87%
CityState Savings Bank	30,994,531.21	789,176,374.21	3.93%
Bank One Savings and Trust Corp.	20,048,326.36	528,138,788.26	3.80%
Tower Development Bank	4,161,446.13	113,310,987.90	3.67%
HSBC Savings Bank (Phils) Inc.	89,684,229.65	3,145,449,733.35	2.85%
Microfinance Maximum SB (Maxbank)	1,676,405.54	61,837,099.50	2.71%
Optimum Development Bank	13,702,260.73	685,288,993.87	2.00%
Progress SLA	1,342,455.20	83,696,908.36	1.60%
Merchants Savings & Loan Association Inc.	430,478.95	637,333,846.63	0.07%
BDO Elite Savings Bank	0.00	1,562,651,618.55	0.00%
Enterprise Bank Inc.	0.00	190,077,000.36	0.00%
Isla Bank (A Thrift Bank) Inc.	0.00	635,967,112.97	0.00%
Sun Savings Bank	0.00	76,708,561.42	0.00%
United Overseas Bank Philippines	0.00	705,498,454.77	0.00%
Inter-Asia Development Bank	12,449,224.59	-16,306,811.18	-76.34%
Bataan SLA	NA	NA	NA
Grand Total	24,704,467,692.10	81,005,678,892.59	30.50%

Source: www.bsp.gov.ph

Of the seventy thrift banks in this list, twenty have an NPL to Stockholders Equity Ratio of 30% or more.  These banks are as follows:

1. The Real Bank Inc. (254.69% of SE)
2. Citibank Savings Inc. (168.98% of SE)
3. The Palawan Bank (112.20% of SE)
4. Opportunity Kauswagan Bank, Inc. (103.65% of SE)
5. Silangan Savings and Loan Bank, Inc. (79.76% of SE)
6. Legazpi Savings Bank Inc. (74.17% of SE)
7. Planters Development Bank (72.38% of SE)
8. Bataan Development Bank (65.74% of SE)
9. Comsavings Bank (62.54% of SE)
10. Philippine Postal Savings Bank (59.57% of SE)
11. Security Bank Savings Corporation (50.92% of SE)
12. Luzon Development Bank (45.36% of SE)
13. Sterling Bank of Asia Inc. (42.24% of SE)
14. Pampanga Development Bank (42.11% of SE)
15. Farmers Savings & Loan Bank (37.39% of SE)
16. Village SLA, Inc. (36.56% of SE)
17. Allied Savings Bank (33.90% of SE)
18. Philippine Savings Bank (31.91% of SE)
19. Philippine Resources Savings Bank Corporation (31.36% of SE)
20. Malayan Bank Savings & Mortgage Bank (31.10% of SE)

Another indicator of a bank's financial health is the level of DOSRI Loans in relation to a bank's Total Loan Portfolio.  Under current banking regulations, the limit on the amount of individual loans to DOSRI, of which 70% must be secured, should not exceed a bank's parent company's regulatory capital or 15% of the bank's parent company's total loan portfolio, whichever is lower.  These limits do not apply to loans secured by assets considered as non-risk as defined in the regulations. Therefore banks with significantly high DOSRI Loan to Total Loan Portfolio - Net ratios may be bumping up or exceeding the limits of compliance with DOSRI regulations.

Of the seventy banks listed as Thrift Banks, twenty-four banks reported having no DOSRI Loans.  Of the forty-six thrift banks with DOSRI Loans, nineteen had DOSRI Loans that made up less than 1% of their Total Loan Portfolios.  However, several thrift banks had DOSRI Loans that comprised more than 15% of their Total Loan Portfolios.  They are as follows:

1. The Queen City Development Bank (28.99% of TLP-Net)
2. Penbank, Inc. (22.36% of TLP-Net)
3. CityState Savings Bank, Inc. (20.52% of TLP-Net)
4. Life Savings Bank (18.45% of TLP-Net)
5. Sampaguita SLA (15.26% of TLP-Net)

Philippine Thrift Banking System
DOSRI as % of TLP-Net
December 31, 2012
	DOSRI	TLP-Net	DOSRI/TLP-Net
Bank	(In Php)	(In PHP)	(In %)
The Queen City Development Bank	327,512,410.62	1,129,933,263.62	28.99%
Penbank, Inc.	222,283,405.60	993,980,749.92	22.36%
CityState Savings Bank	376,926,705.52	1,836,724,266.39	20.52%
Life Savings Bank	10,870,770.28	58,931,483.29	18.45%
Sampaguita SLA	5,700,000.00	37,363,351.31	15.26%
World Partners Bank (A Thrift Bank)	110,124,519.17	737,755,861.28	14.93%
Malasiqui Progressive SLB, Inc.	5,450,000.00	46,186,665.90	11.80%
Tower Development Bank	16,093,223.07	138,127,038.15	11.65%
Village SLA, Inc.	40,829,638.73	369,906,473.66	11.04%
Pampanga Development Bank	16,379,546.60	183,405,294.06	8.93%
Opportunity Kauswagan Bank, Inc.	18,363,447.66	223,003,769.46	8.23%
Hiyas Savings & Loan Bank	14,468,986.07	221,772,076.57	6.52%
Quezon Coconut Producers SLB Inc.	2,379,166.01	39,870,760.68	5.97%
Century Savings Bank	27,218,400.00	460,838,650.16	5.91%
Bank One Savings and Trust Corp.	39,940,000.00	725,863,798.05	5.50%
Philippine Business Bank	1,018,805,971.64	19,178,645,212.04	5.31%
Philippine Postal Savings Bank	142,293,015.53	2,694,220,112.28	5.28%
Luzon Development Bank	83,093,615.35	1,595,008,960.78	5.21%
Comsavings Bank	9,940,649.68	290,870,041.54	3.42%
Dumaguete City Development Bank	14,289,455.00	442,704,739.23	3.23%
Producers Savings Bank	137,516,787.71	4,845,363,888.90	2.84%
Cordillera Savings Bank	3,986,100.04	145,423,475.32	2.74%
Maritime SLA	3,265,766.62	131,945,381.79	2.48%
Philippine Savings Bank	1,564,583,650.86	73,881,184,714.87	2.12%
Planters Development Bank	648,622,574.77	31,468,618,904.74	2.06%
The Palawan Bank	2,366,814.74	152,222,647.08	1.55%
Legazpi Savings Bank Inc.	16,265,058.60	1,301,833,421.12	1.25%
Malayan Bank Savings & Mortgage Bank	38,707,931.05	4,073,900,781.98	0.95%
University Savings Bank	3,538,530.59	417,971,158.40	0.85%
Security Bank Savings Corporation	15,186,062.61	1,992,743,409.15	0.76%
HSBC Savings Bank (Phils) Inc.	71,504,869.80	9,944,942,513.85	0.72%
Wealth Bank - A Development Bank	13,139,989.84	1,961,244,948.02	0.67%
Lemery Savings & Loan Bank, Inc.	252,913.50	63,139,275.56	0.40%
China Bank Savings	9,834,919.27	4,426,692,322.20	0.22%
Tong Yang Savings Bank Inc.	1,807,131.60	864,935,556.57	0.21%
First Consolidated Bank	9,949,647.44	6,126,989,462.62	0.16%
RCBC Savings Bank	49,948,500.86	34,598,840,724.25	0.14%
Farmers Savings & Loan Bank	290,500.29	215,164,688.76	0.14%
Sterling Bank of Asia Inc.	17,861,416.71	14,654,209,030.56	0.12%
BPI Direct Savings Bank	5,257,953.41	5,255,557,009.46	0.10%
Equicom SB	2,548,647.46	3,625,228,160.45	0.07%
UCPB Savings Bank	2,581,159.03	6,528,141,434.28	0.04%
Iloilo City Development Bank	100,000.00	291,796,816.85	0.03%
BPI Family Savings Bank	44,318,569.27	148,793,416,806.52	0.03%
Isla Bank (A Thrift Bank) Inc.	90,223.11	645,794,477.84	0.01%
City Savings Bank	150,000.00	12,958,830,498.85	0.00%
Allied Savings Bank	0.00	2,516,571,943.16	0.00%
Bataan Development Bank	0.00	157,424,175.88	0.00%
BDO Elite Savings Bank	0.00	940,000,000.00	0.00%
BPI Globe Banko Inc. Savings Bank	0.00	2,377,874,620.43	0.00%
Business & Consumers Bank	0.00	136,146,312.46	0.00%
Card SME Bank Inc. (A Thrift Bank)	0.00	550,724,889.94	0.00%
Citibank Savings Inc.	0.00	8,072,433,350.44	0.00%
Dungganon Bank	0.00	92,234,600.08	0.00%
Enterprise Bank Inc.	0.00	1,459,990,964.84	0.00%
Inter-Asia Development Bank	0.00	55,209,409.54	0.00%
Merchants Savings & Loan Association Inc.	0.00	191,167,254.85	0.00%
Metro Cebu Public Savings Bank	0.00	68,651,469.80	0.00%
Microfinance Maximum SB (Maxbank)	0.00	20,294,589.65	0.00%
Northpoint Development Bank	0.00	98,047,347.68	0.00%
Optimum Development Bank	0.00	788,915,821.76	0.00%
Pacific Ace Savings Bank	0.00	22,685,057.22	0.00%
Philippine Resources Savings Banking Corporation	0.00	6,570,509,048.61	0.00%
Pridestar Development Bank	0.00	34,888,932.03	0.00%
Progress SLA	0.00	5,205,025.54	0.00%
Silangan Savings and Loan Bank, Inc.	0.00	28,561,474.19	0.00%
Sun Savings Bank	0.00	110,328,483.02	0.00%
The Real Bank (A Thrift Bank) Inc.	0.00	5,700,127,910.87	0.00%
United Overseas Bank Philippines	0.00	614,527,669.26	0.00%
Bataan SLA	NA	NA	NA
Grand Total	5,166,638,645.71	431,383,764,429.61	1.20%

Source: www.bsp.gov.ph

DOSRI Rules indicate that, in the aggregate, DOSRI Loans should not exceed the total equity of the bank.  Therefore banks with a significantly high DOSRI Loans as a percentage of Stockholders Equity may be approaching DOSRI Limits.

Philippine Thrift Banking System
DOSRI as % of Stockholders Equity
December 31, 2012
	DOSRI	SE	DOSRI/SE
Bank	(In Php)	(In PHP)	(In %)
Penbank, Inc.	222,283,405.60	260,777,698.81	85.24%
World Partners Bank (A Thrift Bank)	110,124,519.17	156,031,013.98	70.58%
Village SLA, Inc.	40,829,638.73	71,843,132.74	56.83%
The Queen City Development Bank	327,512,410.62	668,964,003.13	48.96%
CityState Savings Bank	376,926,705.52	789,176,374.21	47.76%
Philippine Business Bank	1,018,805,971.64	4,366,201,214.92	23.33%
Opportunity Kauswagan Bank, Inc.	18,363,447.66	80,270,857.14	22.88%
Philippine Postal Savings Bank	142,293,015.53	720,553,426.82	19.75%
Luzon Development Bank	83,093,615.35	430,630,148.29	19.30%
Life Savings Bank	10,870,770.28	64,237,143.98	16.92%
Planters Development Bank	648,622,574.77	3,933,416,724.92	16.49%
Pampanga Development Bank	16,379,546.60	110,544,474.60	14.82%
Tower Development Bank	16,093,223.07	113,310,987.90	14.20%
The Palawan Bank	2,366,814.74	16,669,997.10	14.20%
Producers Savings Bank	137,516,787.71	1,015,203,873.52	13.55%
Sampaguita SLA	5,700,000.00	50,542,973.94	11.28%
Philippine Savings Bank	1,564,583,650.86	14,057,478,857.55	11.13%
Malasiqui Progressive SLB, Inc.	5,450,000.00	49,987,515.03	10.90%
Hiyas Savings & Loan Bank	14,468,986.07	160,302,962.64	9.03%
Legazpi Savings Bank Inc.	16,265,058.60	184,484,675.09	8.82%
Bank One Savings and Trust Corp.	39,940,000.00	528,138,788.26	7.56%
Dumaguete City Development Bank	14,289,455.00	218,863,506.18	6.53%
Maritime SLA	3,265,766.62	66,825,925.53	4.89%
Quezon Coconut Producers SLB Inc.	2,379,166.01	56,803,234.03	4.19%
Cordillera Savings Bank	3,986,100.04	104,333,928.64	3.82%
Malayan Bank Savings & Mortgage Bank	38,707,931.05	1,035,267,589.45	3.74%
Wealth Bank - A Development Bank	13,139,989.84	376,293,333.07	3.49%
Century Savings Bank	27,218,400.00	899,914,431.63	3.02%
Comsavings Bank	9,940,649.68	329,437,343.85	3.02%
HSBC Savings Bank (Phils) Inc.	71,504,869.80	3,145,449,733.35	2.27%
University Savings Bank	3,538,530.59	206,480,660.11	1.71%
Security Bank Savings Corporation	15,186,062.61	1,164,978,185.29	1.30%
Sterling Bank of Asia Inc.	17,861,416.71	1,925,297,568.78	0.93%
China Bank Savings	9,834,919.27	1,082,690,980.75	0.91%
BPI Direct Savings Bank	5,257,953.41	773,096,878.68	0.68%
RCBC Savings Bank	49,948,500.86	7,471,776,051.03	0.67%
Equicom SB	2,548,647.46	468,281,883.21	0.54%
First Consolidated Bank	9,949,647.44	1,837,644,911.58	0.54%
Tong Yang Savings Bank Inc.	1,807,131.60	407,290,508.71	0.44%
Lemery Savings & Loan Bank, Inc.	252,913.50	69,458,939.81	0.36%
Farmers Savings & Loan Bank	290,500.29	100,560,559.07	0.29%
BPI Family Savings Bank	44,318,569.27	16,011,851,692.99	0.28%
Iloilo City Development Bank	100,000.00	67,932,197.37	0.15%
UCPB Savings Bank	2,581,159.03	2,309,192,732.36	0.11%
Isla Bank (A Thrift Bank) Inc.	90,223.11	635,967,112.97	0.01%
City Savings Bank	150,000.00	2,300,189,245.06	0.01%
Allied Savings Bank	0.00	965,096,245.83	0.00%
Bataan Development Bank	0.00	66,174,804.97	0.00%
BDO Elite Savings Bank	0.00	1,562,651,618.55	0.00%
BPI Globe Banko Inc. Savings Bank	0.00	430,485,231.40	0.00%
Business & Consumers Bank	0.00	76,198,635.89	0.00%
Card SME Bank Inc. (A Thrift Bank)	0.00	197,354,860.15	0.00%
Citibank Savings Inc.	0.00	1,471,728,852.82	0.00%
Dungganon Bank	0.00	64,165,815.17	0.00%
Enterprise Bank Inc.	0.00	190,077,000.36	0.00%
Inter-Asia Development Bank	0.00	-16,306,811.18	0.00%
Merchants Savings & Loan Association Inc.	0.00	637,333,846.63	0.00%
Metro Cebu Public Savings Bank	0.00	69,109,884.69	0.00%
Microfinance Maximum SB (Maxbank)	0.00	61,837,099.50	0.00%
Northpoint Development Bank	0.00	72,734,632.66	0.00%
Optimum Development Bank	0.00	685,288,993.87	0.00%
Pacific Ace Savings Bank	0.00	73,957,223.31	0.00%
Philippine Resources Savings Banking Corporation	0.00	1,292,900,034.16	0.00%
Pridestar Development Bank	0.00	68,537,310.54	0.00%
Progress SLA	0.00	83,696,908.36	0.00%
Silangan Savings and Loan Bank, Inc.	0.00	10,426,695.85	0.00%
Sun Savings Bank	0.00	76,708,561.42	0.00%
The Real Bank (A Thrift Bank) Inc.	0.00	1,265,377,014.80	0.00%
United Overseas Bank Philippines	0.00	705,498,454.77	0.00%
Bataan SLA	NA	NA	NA
Grand Total	5,166,638,645.71	81,005,678,892.59	6.38%

Source: www.bsp.gov.ph

Banks often take pains to avoid DOSRI Loans from falling past due. Although bank policies often state that DOSRI Loans are made “substantially on the same terms as with other individuals and businesses of comparable risks.  (See Planters Development Bank Annual Report December 31, 2010). Loan underwriting standards should be tighter because a past due DOSRI loan reflects badly on the bank.    DOSRI Loans that fall past due are often:

1. Written off as soon as possible;
2. Refinanced or Restructured to become current (this requires Board of Directors Approval); or are
3. Technically reclassified as a general NPL (like if a loan to a former bank officer falls past due). 

As a result, the Thrift Bank Industry reported that Php 502.623 million, or 9.73% of its DOSRI Loans fell past due as of December 31, 2012.  Of the forty-six banks with DOSRI Loans, forty-three had zero past due DOSRI Loans.  Of the three remaining banks  in this list, one had past due DOSRI Loans exceeding 30% of their Total DOSRI Loan Portfolio: 

1. Philippine Savings Bank (31.88% of DOSRI Loans)

One bank, Silangan Savings and Loan Bank, Inc. reported zero DOSRI Loans but had Php 3.312 million in Past Due DOSRI Loans.

Philippine Thrift Banking System
DOSRI Past Due as % of DOSRI
December 31, 2012
	DOSRI Past Due	DOSRI	DOSRI Past Due/DOSRI
Bank	(In PHP)	(In PHP)	(In %)
Philippine Savings Bank	498,818,279.69	1,564,583,650.86	31.88%
Cordillera Savings Bank	492,912.59	3,986,100.04	12.37%
UCPB Savings Bank	4.00	2,581,159.03	0.00%
Bank One Savings and Trust Corp.	0.00	39,940,000.00	0.00%
BPI Direct Savings Bank	0.00	5,257,953.41	0.00%
BPI Family Savings Bank	0.00	44,318,569.27	0.00%
Century Savings Bank	0.00	27,218,400.00	0.00%
China Bank Savings	0.00	9,834,919.27	0.00%
City Savings Bank	0.00	150,000.00	0.00%
CityState Savings Bank	0.00	376,926,705.52	0.00%
Comsavings Bank	0.00	9,940,649.68	0.00%
Dumaguete City Development Bank	0.00	14,289,455.00	0.00%
Equicom SB	0.00	2,548,647.46	0.00%
Farmers Savings & Loan Bank	0.00	290,500.29	0.00%
First Consolidated Bank	0.00	9,949,647.44	0.00%
Hiyas Savings & Loan Bank	0.00	14,468,986.07	0.00%
HSBC Savings Bank (Phils) Inc.	0.00	71,504,869.80	0.00%
Iloilo City Development Bank	0.00	100,000.00	0.00%
Isla Bank (A Thrift Bank) Inc.	0.00	90,223.11	0.00%
Legazpi Savings Bank Inc.	0.00	16,265,058.60	0.00%
Lemery Savings & Loan Bank, Inc.	0.00	252,913.50	0.00%
Life Savings Bank	0.00	10,870,770.28	0.00%
Luzon Development Bank	0.00	83,093,615.35	0.00%
Malasiqui Progressive SLB, Inc.	0.00	5,450,000.00	0.00%
Malayan Bank Savings & Mortgage Bank	0.00	38,707,931.05	0.00%
Maritime SLA	0.00	3,265,766.62	0.00%
Opportunity Kauswagan Bank, Inc.	0.00	18,363,447.66	0.00%
Pampanga Development Bank	0.00	16,379,546.60	0.00%
Penbank, Inc.	0.00	222,283,405.60	0.00%
Philippine Business Bank	0.00	1,018,805,971.64	0.00%
Philippine Postal Savings Bank	0.00	142,293,015.53	0.00%
Planters Development Bank	0.00	648,622,574.77	0.00%
Producers Savings Bank	0.00	137,516,787.71	0.00%
Quezon Coconut Producers SLB Inc.	0.00	2,379,166.01	0.00%
RCBC Savings Bank	0.00	49,948,500.86	0.00%
Sampaguita SLA	0.00	5,700,000.00	0.00%
Security Bank Savings Corporation	0.00	15,186,062.61	0.00%
Sterling Bank of Asia Inc.	0.00	17,861,416.71	0.00%
The Palawan Bank	0.00	2,366,814.74	0.00%
The Queen City Development Bank	0.00	327,512,410.62	0.00%
Tong Yang Savings Bank Inc.	0.00	1,807,131.60	0.00%
Tower Development Bank	0.00	16,093,223.07	0.00%
University Savings Bank	0.00	3,538,530.59	0.00%
Village SLA, Inc.	0.00	40,829,638.73	0.00%
Wealth Bank - A Development Bank	0.00	13,139,989.84	0.00%
World Partners Bank (A Thrift Bank)	0.00	110,124,519.17	0.00%
Allied Savings Bank	0.00	0.00	NA
Bataan Development Bank	0.00	0.00	NA
BDO Elite Savings Bank	0.00	0.00	NA
BPI Globe Banko Inc. Savings Bank	0.00	0.00	NA
Business & Consumers Bank	0.00	0.00	NA
Card SME Bank Inc. (A Thrift Bank)	0.00	0.00	NA
Citibank Savings Inc.	0.00	0.00	NA
Dungganon Bank	0.00	0.00	NA
Enterprise Bank Inc.	0.00	0.00	NA
Inter-Asia Development Bank	0.00	0.00	NA
Merchants Savings & Loan Association Inc.	0.00	0.00	NA
Metro Cebu Public Savings Bank	0.00	0.00	NA
Microfinance Maximum SB (Maxbank)	0.00	0.00	NA
Northpoint Development Bank	0.00	0.00	NA
Optimum Development Bank	0.00	0.00	NA
Pacific Ace Savings Bank	0.00	0.00	NA
Philippine Resources Savings Banking Corporation	0.00	0.00	NA
Pridestar Development Bank	0.00	0.00	NA
Progress SLA	0.00	0.00	NA
Silangan Savings and Loan Bank, Inc.	3,311,630.00	0.00	NA
Sun Savings Bank	0.00	0.00	NA
The Real Bank (A Thrift Bank) Inc.	0.00	0.00	NA
United Overseas Bank Philippines	0.00	0.00	NA
Bataan SLA	NA	NA	NA
Grand Total	502,622,826.28	5,166,638,645.71	9.73%

Source: www.bsp.gov.ph