Credit quality improved at Westpac over the December 2013 quarter, a period in which the bank reweighted its business mix toward commercial loans. The quarterly "pillar 3" disclosure for the bank showed that stressed assets as a ratio of total loans fell 19 basis points to 1.41 per cent. The bank said "all categories of stress [were] lower." In total the bank had stressed exposures of A$1.1 billion. Impaired assets were three times that level. Its level of impaired assets fell six bps to 38 bps while the value of loans 90 days or more past due fell three bps to 28 bps. The bank's stressed commercial property portfolio "continued to reduce" from 4.5 per cent of loans made to this segment at September 2013 to 3.4 per cent at December 2013. Westpac's said its consumer portfolios were also "performing well", with Australian mortgage delinquencies of 90 days or more down five bps to 48 bps. The bank said "early cycle delinquencies also improved", with home loans 30 days or more past due down five bps to 101 bps. The bank's credit risk weighted assets increased $8.5 billion over the quarter, thanks to the takeover of Lloyds. Organic loan growth was $1.5 billion.