BURLINGAME, Calif. - The softening economy will cause an increase in bad loans, according to 35% of the community bank loan officers polled by Competix, an application service provider of loan automation services, but 42% did not believe their loan losses would rise.

Twenty-three percent were uncertain about how current economic conditions would affect their outstanding loans, Competix said.

It contacted 109 lending officers at banks nationwide with assets of $100 million to $10 billion.

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