Business & Commercial Banking

How to Read a Commercial Loan Statement

 

Learn how to read your commercial loan statement by clicking below:

1. Contact Information Open/Close icon
  • Relationship Manager: Relationship Manager Name, direct phone number and e-mail address
  • General Customer Services: Umpqua Bank Toll Free Customer Services Number – this is directed to the Customer Resources Center
2. Summary Section Open/Close icon
  • Account Number: Loan Number will not be masked displaying the full account number
  • Statement Date: The date the statement generated
  • Current Balance: The balance as of the end of the statement cycle
  • Payment Due Date: The payment due date for the current statement cycle
  • Maturity Date: Loan Maturity Date as of the statement generation date
  • Amount Due:The total payment amount due for the statement cycle
3. Borrower Information Open/Close icon
  • Borrowers: Identifies all borrowers, does not include Guarantors or Authorized signers
4. Collateral Information Open/Close icon
  • Collateral: Upon request, identifies the primary collateral description associated with this loan

 

5. Transaction Details Open/Close icon

This section provides an itemized listing of payment and advance information from the current statement cycle. Transactions will reflect based on payment application; for example, a single payment (add the above which is what the customer paid in total $13,236.15) will reflect as two separate transactions. Reversals may also reflect in the Transaction Detail section. A payment reversal may be necessary to correct a payment posting error or to reverse a payment due to insufficient funds. Each transaction will be identified with the following information:

  • Transaction Date: Effective date of the loan payment or advance
  • Transaction Description: Description of the transaction including the method of payment
  • Transaction Amount: Funds applied to the specific transaction

 

6. Accrual Summary Details Open/Close icon

This section provides a breakdown of interest accrued during the statement cycle. Multiple accrual schedules may display if there are any changes to the balance and/or rate during the statement cycle. If no changes to the balance and/or rate, only one line will display. Each transaction will be identified with the following information:

  • From Date: Initial date for the specific accrual schedule
  • To Date: End date for the specific accrual schedule
  • No of Days: Number of days that interest was calculated for the specific accrual schedule. Total number of days in the accrual schedule will equal the number of days in the statement cycle
  • Accruing Balance: Principal Balance that the interest accrual was calculated for the specific accrual schedule
  • Accruing Rate: The interest rate used to calculate the interest accrual for the specific accrual schedule
  • Amount Accrued: Total amount of interest accrued during the specific accrual schedule. Total amount accrued will equal the total interest accrued in the statement cycle
  • Interest Adjustment: The over/unpaid interest balance from the prior statement cycle that contributes to the amount of interest due. If the interest is not over/under paid, the interest adjustment will not be displayed

 

7. Year to Date Summary Open/Close icon

This section provides a breakdown of current and previous year to date (YTD) balances paid. The balance types include interest, principal, escrow, and late charges.

  • Current Year Interest Paid: Interest paid YTD for current year
  • Current Year Principal Paid: Principal paid YTD for current year
  • Current Year Escrow Paid: Escrow paid on the loan this calendar year
  • Current Year Late Charges Paid: Late Charges paid YTD for current year
  • Previous Year Interest Paid: Interest paid YTD for prior year
  • Previous Year Principal Paid: Principal paid YTD for prior year
  • Previous Year Escrow Paid: Escrow paid YTD for prior year
  • Previous Year Late Charges Paid: Late Charges paid YTD for prior year

 

8. Late Charge Summary Details Open/Close icon

This section provides details regarding any late charge accrued during the current statement cycle. Each Late Charge will be identified with the following information:

  • From Date: Initial date in which the late charge accrued
  • To Date: Last date in which the late charge accrued, this may be the statement generation date if the loan was past due when the statement produced
  • No of Days: Number of days that the loan was past due during the statement cycle
  • Amount Accrued: Total amount of the late charge accrued during the specific accrual schedule

 

9. Remittance Summary Open/Close icon

The section provides a breakdown of the payment due with instruction for making the payment.

  • Payment Due Date: The payment due date for the current statement cycle
  • Total Amount Past Due: Principal, Interest, Late Charges and any other past due amount totaled
  • Interest Owing: Interest due for the current statement cycle; this information will not be present if no interest is owed at the time the statement produces
  • Late Charges: Late Charges due for the current statement cycle; this information will not be present if no Late Charges are owed at the time the statement produces
  • Principal: Principal portion of payment due for the current statement cycle, this information will not be present if there is no principal owed at the time the statement produces
  • Amount Due: The payment due date for the current statement cycle
  • Payment Instructions: Instruction for payment remittance or information regarding an automatic payment
  • Total Amount Past Due If applicable, the payment that is past due or previously invoiced that is unpaid