Skip to main content

NMBA survey points to growth in 2Q

The National Marine Bankers Association's first-quarter members' survey reported that 80 percent of respondents expect the second quarter of 2012 to be up from the same period of last year.

The survey also shows that 100 percent of respondents believe lending criteria are the same or less stringent than during the prior quarter. This is good news, the association noted, because 22 percent of respondents in the third quarter of 2011 and 11 percent in the fourth quarter of 2011 said credit standards were more stringent than during the prior period.

All responding lenders indicated, for the second consecutive quarter, that the credit quality of borrowers was the same or better than during the previous quarter.

The NMBA introduced the survey last year to gauge changes in the lending environment and identify trends that could be used for business planning. Thirty-five percent of the NMBA lender members responded to the first-quarter 2012 survey, with the majority having a national presence.

Respondents largely reported that business was up in four of the last five quarters, with the exception being the third quarter of 2011, and 80 percent reported increased bookings in the first quarter of 2012 from the same period in 2011.

Used-boat sales make up the majority of new loans for NMBA members; 58 percent of the lenders indicated that loans on new boats accounted for 25 percent or less of their bookings in the first quarter.

Refinance activity picked up, as 36 percent of the lenders surveyed indicated that this business represented 26 to 50 percent of their loan bookings. For all quarters in 2011 an average of 80 percent of the lenders reported that it accounted for 25 percent or less of their volume.

Related

1_TRAVELIFT.COOP

Marine Travelift Launches Co-op Program

The company received its first student, a University of Wisconsin engineering major, in the seven-month paid co-op.

1_JULY4

Trade Only Today Returns Tuesday

The e-newsletter will not publish July 4 in observance of Independence Day. We wish everyone a safe holiday weekend.

1_ORR.FUNDS

ORR Announces Federally Funded Projects

The U.S. Economic Development Administration prioritized outdoor recreation for the first time

Norm#4

Ten Ways To Sell in a Tough Economy

These keys to successful selling can help you create customers who keep coming back, even when sales dip

1_ASA.BOARD

ASA Names New Board Members

The American Sportfishing Association filled two at-large seats and two regional seats on its board of directors.

1_EXEC.SEARCH

Dammrich, Hopkinson Partner With Marine Resources Recruitment

The industry veterans will help clients fill executive-suite, marine industry job openings around the world.

1_PULSE.PING.0630

DEALERS: How Was Business in the First Half of 2022?

With the second quarter coming to a close, was there parity between the budget and financial performance in the first six months? Take the Pulse Report survey here.

1_PMMPODCAST

Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week