Allowance for Losses. The allowance for loan losses reflected, and to be reflected, in the Company Regulatory Reports each has been, and will be, established in compliance with the requirements of all applicable regulatory criteria, and the allowance for loan losses shown, and to be shown, on the balance sheets contained in the Company Financials have been, and will be, established in compliance with the applicable requirements of GAAP.
Allowance for Losses. To the Company's knowledge, SW Bank's allowance for possible credit losses is adequate in relation to the outstanding loans, leases and other extensions of credit of SW Bank and is in accordance with the safety and soundness standards administered by, and the practices and procedures of, the OCC, as such standards, practices and procedures may be amended from time to time.
Allowance for Losses. The allowance for loan losses reflected, and to be reflected, in the First Essex Regulatory Reports have been and will be, established in accordance with the requirements of all regulatory criteria, and the allowance for loan losses shown, and to be shown, on the balance sheets contained in the First Essex Financials have been, and will be, established in accordance with the requirements of GAAP.
Allowance for Losses. The allowance for loan and lease losses shown on Xxxxxx’x consolidated statement of financial condition as of September 30, 2005 and included in a Xxxxxx Regulatory Report and in a Securities Document filed by Xxxxxx with the SEC, was, and the allowance for loan and lease losses to be shown on Xxxxxx’x consolidated statement of financial condition as of December 31, 2005 and for periods ending after the date of this Agreement, as included in a Xxxxxx Regulatory Report and in a Securities Document filed by Xxxxxx with the SEC, will be, in the reasonable opinion of Xxxxxx management, adequate as of the date thereof in accordance with GAAP and all other applicable regulatory requirements for all losses reasonably anticipated as of the date thereof, based on information available as of such date.
Allowance for Losses. 30 Section 2.16 Information to be Supplied............................................................. 30 Section 2.17
Allowance for Losses. The allowance for loan losses reflected, and to be reflected, in the First Home Regulatory Reports, and shown, and to be shown, on the balance sheets contained in the First Home Financials have been, and will be, established in accordance with the requirements of GAAP and all applicable regulatory criteria.
Allowance for Losses. To FBHC's knowledge, the Association's allowance for possible credit losses is adequate in relation to the outstanding loans, leases and other extensions of credit of the Association and is in accordance with the safety and soundness standards administered by, and the practices and procedures of, the OTS for federal stock savings and loan associations, as such standards, practices and procedures may be amended from time to time (the "OTS Standards").
Allowance for Losses. The allowance for loan and lease losses shown on each party's consolidated statement of financial condition as of September 30, 2007 and included in a Regulatory Report filed with a Regulatory Authority and, in the case of CCFNB, a Regulatory Filing filed by CCFNB with the SEC, was, and the allowance for loan and lease losses to be shown on such party's consolidated statement of financial condition as of December 31, 2007 and for periods ending after the date of this Plan, as included in a Regulatory Report and, in the case of CCFNB, in a Regulatory Filing filed by CCFNB with the SEC, will be, in the reasonable opinion of such party's management, adequate as of the date thereof in accordance with GAAP and all other applicable regulatory requirements for all losses reasonably anticipated as of the date thereof, based on information available as of such date.
Allowance for Losses. The Company shall not permit the "Allowance for Losses" account on its balance sheet to, at the end of each month for two consecutive months, be less than 1.0% of the aggregate amount of finance receivables (net of unearned finance charges) on such balance sheet for such months.".
Allowance for Losses. To Citizens' knowledge, its allowance for possible credit losses is adequate in relation to its outstanding loans, leases and other extensions of credit and is in accordance with the safety and soundness standards administered by, and the practices and procedures of, the FDIC for state nonmember banks or the FRB for state member banks, as applicable, as such standards, practices and procedures may be amended from time to time (the "Regulatory Loan Standards").
