HomeFed Plans Big Loan-Loss Set-Aside: HomeFed Bank...

HomeFed Plans Big Loan-Loss Set-Aside: HomeFed Bank announced that it expects to set aside about $200 million in loan-loss provisions for its first quarter, a charge that will render the ailing thrift deficient in one, and possibly two, of three minimum capital requirements imposed by federal regulators. The 210-branch, San Diego-based savings and loan, which has $18.2 billion in assets, said the loss provisions are necessary because of a growing number of nonperforming assets that a recent federal audit turned up. The precise loss provision is likely to lead to a significant loss.