EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform periodic (at least semi-annually) asset quality reviews of the Bank’s loan portfolio. The scope of the external loan review 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, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform semi-annual asset quality reviews of the Bank’s loan portfolio. The scope of the external loan review 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, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within forty-five (45) days of this Agreement, the Board shall employ a qualified consultant to perform semi-annual asset quality reviews of the Bank’s loan portfolio. The scope of the external loan review shall include seventy percent (70%) by dollar volume of the commercial, agricultural, and commercial real estate portfolios on an annual basis, and provide for a written report to be filed with the Board after each review, with the first report due no later than August 31, 2013, and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform an ongoing asset quality review of the Bank’s Loan portfolio. The consultant shall be utilized until such time as an ongoing internal problem loan identification system is developed by the Board, implemented, and demonstrated to be effective. The external loan review 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, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Effective immediately, the Board shall continue to employ a qualified consultant to perform semi-annual asset quality reviews of the Bank. The external loan review shall provide for a written report to be filed with the Board and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within thirty (30) days of this Agreement, the Board shall employ a qualified consultant to perform periodic independent reviews of the Bank’s loan portfolio to assure the timely identification and categorization of problem credits. The consultant shall be utilized until such time as an ongoing internal asset quality review system is developed by the Board, implemented, and demonstrated to be effective.
EXTERNAL LOAN REVIEW. (1) Within thirty (30) days of the date of this Agreement, the Board shall employ a qualified consultant to perform an asset quality review of the Bank, with a particular emphasis upon loans originated by the Fort Xxxxxxx Branch. The external loan review shall provide for a written report to be filed with the Board and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk of the Comptroller’s Handbook. Such report shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within thirty (30) days of this Agreement, the Board shall modify as necessary the Bank’s engagement with a qualified consultant to perform semi-annual asset quality reviews of the Bank’s loan portfolio that meet the requirements if this Article. The scope of the external loan review shall include at least seventy percent (70%) by dollar volume of the commercial, agricultural, and commercial real estate portfolios on an annual basis, and provide for a written report to be filed with the Board after each semi-annual review, with the first report due no later than April 30, 2011, and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Effective immediately, the Board shall continue to employ a qualified, independent consultant or other qualified firm to perform semi-annual asset quality reviews of the Bank’s loan portfolio, with the next loan review report due no later than December 31, 2012. The consultant or firm shall use a loan grading system consistent with Generally Accepted Accounting Principles (“GAAP”) and the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook and include documentation, support, and analysis of the individual risk ratings and other information to support the conclusions reached in a written report to be filed with the Board at the end of each review. The loan review report shall, at a minimum, include the comments and conclusions of the consultant or firm regarding:
EXTERNAL LOAN REVIEW. (1) In every calendar year, the Board shall employ a qualified consultant to perform a loan review of the Bank. The external loan review 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, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
