The lower fourth quarter of 2016 provision compared to the linked quarter was primarily attributable to reserves for specific commercial and commercial real estate credits in the third quarter of 2016. The 2016 net charge-off ratio was 0.24% compared to 0.04% in 2015. The fourth quarter of 2016 net charge-off ratio was 0.40%, compared to 0.20% in the linked quarter and net recovery of 0.08% in the prior year quarter. The fourth quarter of 2016 net charge-off rate increased primarily due to charge-offs of specific commercial credits that had been previously individually reserved. Nonaccrual loans as a percent of total loans receivable held for investment decreased to 0.49% from 1.11% in the linked quarter. The decrease was driven by the return to accrual status of certain commercial and commercial real estate loans, the full payoff of a troubled commercial loan and the transfer of a segment of residential mortgage loans to the held-for-sale portfolio. Noninterest income (pretax) for 2016 was $67.0 million, compared to $67.8 million in 2015. In the fourth quarter of 2016, noninterest http://news.sap.com/imperial-logistics-evolving-finance-into-a-nerve-center-for-business-insight/ income (pretax) was $16.5 million, compared to $18.5 million in the linked quarter and $16.8 million in the prior year quarter.
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