The housing crisis of 2008 hit more than just the top banks. Nebraska banks are finally pulling out from the aftermath of the crisis, the Omaha World-Herald reported.
The banks report that the largest deposit holders in the Omaha metro area have reduced the number of loans not being paid as agreed from the elevated levels that hammered profits and dividends starting in 2008.
The article says First National Bank of Omaha loans not being paid 'as agreed' more than tripled from December 2007 to December 2009.
"September 2009 was probably the depth of our problems," said Dan O'Neill president of First National Bank. "At that point we had been through eight straight quarters of rising nonperforming assets and were wondering when it was going to stop."