Day: March 22, 2023
JACKSONVILLE, FL, March 21, 2023 (GLOBE NEWSWIRE) — Shepherd’s Finance, LLC (“Shepherd’s,” the “Company,” “we,” or “our”) announced its operating results for the year ended December 31, 2022.
2022 Overview
During 2022, the Company continued to focus on the reduction of non-interest earning assets. As of December 31, 2022, loans classified as non-accrual were 14 or approximately $7.2 million compared to 23 or approximately $9.5 million as of December 31, 2021. In addition, as of December 31, 2022 and 2021 we had 3 foreclosed assets or approximately $1.6 million and 5 or approximately $2.7 million, respectively.
The Company continues to lose interest income on assets that do not accrue interest. During the year ended December 31, 2022 the estimated loss on interest income related to impaired and foreclosed assets was approximately...
Shepherd’s Finance, LLC Reports 2022 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
JACKSONVILLE, FL, March 21, 2023 (GLOBE NEWSWIRE) — Shepherd’s Finance, LLC (“Shepherd’s,” the “Company,” “we,” or “our”) announced its operating results for the year ended December 31, 2022.
2022 Overview
During 2022, the Company continued to focus on the reduction of non-interest earning assets. As of December 31, 2022, loans classified as non-accrual were 14 or approximately $7.2 million compared to 23 or approximately $9.5 million as of December 31, 2021. In addition, as of December 31, 2022 and 2021 we had 3 foreclosed assets or approximately $1.6 million and 5 or approximately $2.7 million, respectively.
The Company continues to lose interest income on assets that do not accrue interest. During the year ended December 31, 2022 the estimated loss on interest income related to impaired and foreclosed assets was approximately...
Meta-aramid Fiber Market Estimated to Reach $2.3 billion by 2027 Globally, at a CAGR of 10.6%, says MarketsandMarkets™
Written by Customer Service on . Posted in Mergers And Acquisitions.
Chicago, March 21, 2023 (GLOBE NEWSWIRE) — The global Meta-aramid Fiber Market is projected to reach USD 2.3 billion by 2027, at a CAGR of 10.6% from USD 1.4 billion in 2022, as per the recent study by MarketsandMarkets™. Meta-aramid fiber offers higher thermal and chemical resistance than para-aramid fiber and has dielectric properties, making it preferable for fire-resistant clothing as well as electrical insulation. This fiber is also combined with other high-performance fibers for enhanced properties. For instance, it can be blended with materials such as wood and carbon to increase its strength.
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