LOAN REVIEW. (1) The Board shall within sixty (60) days employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases.
LOAN REVIEW. (1) Within sixty (60) days, the Board shall establish an effective, independent and on-going loan review system to review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and categorization of problem credits. The system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:
LOAN REVIEW. (1) The Board shall employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases.
LOAN REVIEW. 7. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the OFR an acceptable written program for the on-going review and grading of the Bank’s loan portfolio by a qualified independent third party or by qualified staff that is independent of the Bank’s credit granting function. The program shall, at a minimum, address, consider, and include:
LOAN REVIEW. PC Bancorp and PCB shall afford to CU Bancorp and CUB and their authorized agents and representatives, access, during normal business hours, to the operations, books, and other information relating to PC Bancorp and PCB for the purposes of conducting a review of loans, securities and xxxxxx to assist in valuation pursuant to Financial Accounting Statement 141R and to determine compliance with this Agreement.
LOAN REVIEW. (1) Within thirty (30) days, the Board shall establish an effective, independent, and on-going loan review program to review, at least quarterly, the Bank's loan and lease portfolios, to assure the timely identification and categorization of problem credits. The program shall provide for a written report to be filed with the Board promptly after each review, and the program shall employ a loan and lease rating system consistent with the guidelines set forth in "Rating Credit Risk" and "Allowance for Loan and Lease Losses," Booklets A-RCR and A- ALLL, respectively, of the Comptroller's Handbook. Such reports shall include, at a minimum:
LOAN REVIEW. Until the Effective Date, SRNB will submit to NVBancorp upon request (but not less often than monthly) a list of loans that may reasonably be described as or are included in any of the following categories or specifications: (i) any new stand-alone extension of credit over One Hundred Thousand Dollars ($100,000), (ii) any restructured loan as defined under SFAS 15, regardless of amount, (iii) any renewal or xxxxxxx xx xxxxx xxxxxx xx xxxxxx xf an existing loan over Fifty Thousand Dollars ($50,000), and (iv) any renewal of an existing loan previously classified by management or internal policy or procedure of SRNB, or by any outside review examiner, accountant or any bank regulatory authority as "Non-Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss," or classified using categories or words with similar import, in a commitment amount over Twenty-five Thousand Dollars ($25,000) or where the aggregate debt of the borrower and its affiliates and/or related interests will exceed Twenty-five Thousand Dollars ($25,000). SRNB will provide to NVBancorp a copy of the loan approval/credit write-up and supporting information on any loan described in subsections (i), (ii), (iii) or (iv) above at the time of delivery of such list of loans. Copies of such supporting information shall be returned to SRNB within seven (7) days of receipt.
LOAN REVIEW. (1) Within sixty (60) days of the Effective Date of this Agreement, the Board shall review and revise the Bank’s loan review program to ensure the Bank maintains an effective, risk based, independent and on-going process to review the Bank’s loan and lease portfolios for the timely identification and categorization of problem credits. The program shall provide for appropriate scope and coverage of the loan and lease portfolio and sufficient staffing in light of the Bank’s size and risk profile, and include a written policy that conforms to OCC Bulletin 2006-47 and a loan and lease rating system consistent with the guidelines set forth in “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. The program shall provide for a written report to be filed with the Board promptly after each review and no less than quarterly. Such reports shall include, at a minimum:
LOAN REVIEW. (1) Within sixty (60) days, the Association shall adopt a formal loan review policy that provides comprehensive detail regarding the necessary qualifications of loan review personnel, establishes reporting criteria including the frequency and scope of reviews, and ensures the loan review function incorporates the following:
LOAN REVIEW. Loan review provides loan and lease review services for the Parties. The expense reimbursement method is based on number of hours incurred by the applicable Party.
