A story on page 24 of the April issue, "When Friends Don't Want to be Friends with Bankers," was incorrect in saying that Independent Bankers Bank of Florida charged off 10.54% of its loans in the fourth-quarter. That is an annualized figure. The actual figure was 2.6%. Also, the accompanying graphic should have made clear that the fourth-quarter figures for 2007 and 2008 were annualized.
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