This is a nonsense headline. What it actually states is that for all commercial property that is at least 30 days late on payments, they have $0.90 per dollar i

This is a nonsense headline. What it actually states is that for all commercial property that is at least 30 days late on payments, they have $0.90 per dollar in reserves (specifically for bad commercial property loans). Not all commercial property that is 30 days late will end up in foreclosure, and the value to the bank of property in foreclosure isn’t anywhere close to $0. The current reserve ratio isn’t alarming when looking at historical trends. Even if it is too low, comparing the total value of delinquent debt to the total reserves in a headline is misleading at best.