by Calculated Risk on 1/06/2009 01:56:00 PM

United Community Banks, Inc. warned today:

The estimate for the fourth quarter loan loss provision is $85 million, with an expected $74 million in charge-offs ...

In Q3, the loan loss provision was $76 million with $56 million in net charge-offs. So Q4 was worse.

But this is funny (hat tip Brian): Back on their Oct 23rd conference call, UCBI told investors:

Charge-offs will continue to be elevated as we work through our problem credit, but we certainly don't see a recurrence of the third quarter charge-off level in the immediate future.
emphasis added

Oops. I guess the next quarter was not the "immediate future".