Credit card portfolio sales, which dwindled sharply last year as the economy retracted, will remain stagnant for at least another year, one analyst says.

Portfolio Recovery Associates Inc., a publicly owned debt buyer based in Norfolk, Va., announced Monday the closing of a $75.5 million public stock offering.

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Oliphant Financial LLC, a debt buyer in Sarasota, Fla., has purchased most of the portfolio assets owned by Performance Capital Management (PCM), a Buena Park, Calif. debt buyer that is being liquidated.

Loan sales likely will be a trend among community banks this year after a growing number successfully sold nonperforming assets in the fourth quarter. The opportunity - and willingness - to move nonperforming assets off the books is increasing, according to analysts and executives.