The unusual balance date for Bank of Queensland earns the bank the minor distinction of being the first bank to report for a second time under the "pillar 3" disclosures that will become the bread and butter of reporting by banks to stakeholders on their capital adequacy and credit risk.In its quarterly report BOQ discloses that loans and advances increased by 4.8 per cent (or almost 20 per cent annualised) to $21.0 billion over the three months to November 2008.There are, and will continue to be, discrepancies between the pillar 3 disclosures and the level of lending reported in financial statements (with the latter, at August 2008, reported by BOQ to be $25.6 billion).There will also be differences in the level of lending reported by APRA in the monthly banking statistics and the pillar 3 disclosures. According to APRA's monthly compendium BOQ had $19.0 billion of gross loans at the end of November, or $2 billion less than reported yesterday by the bank for this alternative, regulatory purpose.A more interesting measure of lending may be gross credit exposures, which in the case of BOQ increased markedly by 12.1 per cent (and around 48 per cent annualised) to $36.7 billion over the November 2008 quarter. An increase of $3.1 billion in off balance sheet exposures (or more than three times the increase in the level of everyday loans) is the simple reason for this rise. What BOQ did not explain was what form (or forms) of off balance sheet exposure increased so quickly over the quarter. On the other hand, there must have been some fancy financings flying around over the quarter, which spans the collapse of Lehman Brothers and the instigation of bank rescues worldwide, including the introduction of a guarantee on bank deposits in Australia.Continuing a theme evident in BOQ's disclosure three months ago is the bank's "other retail" loans segment that is the source of most problem loans.The category includes personal loans and the residual credit risk from the credit card portfolio sold to Citibank.BOQ's level of impaired loans declined marginally over the quarter to $31.2 million of which $26.3 million was in other retail (up eight per cent) and the remainder in residential lending (30 per cent).Other retail loans more than 90 days past due more than doubled over the quarter at BOQ to $83 million, though the level of residential loans past due improved to $109 million.The bank's fast expanding balance sheet may explain a decline in the total capital ratio, which declined to 10.3 per cent at November 2008, down from 11.0 per cent at August 2008.The bank has over the last month sought to sell $100 million in new shares under a share purchase plan aimed at retail investors. The Australian reported that BOQ was late yesterday seeking to place a further $50 million in shares with institutions on top of the $100 million.