Common use of Return on Average Assets Clause in Contracts

Return on Average Assets. Bank shall maintain an annualized return on Average Assets of at least .40% percent as of each Covenant Compliance Date until September 30, 2017, increasing to at least .45% as of each Covenant Compliance Date until September 30, 2018, and increasing to at least .50% as of each Covenant Compliance Date thereafter. In determining such annualized return, Bank’s earnings will be annualized using its year to date earnings.

Return on Average Assets. Bank shall maintain an annualized return on Average Assets of at least .40% 70/100 percent (0.70%) as of each Covenant Compliance Date until September 30Date, 2017, increasing to at least .45% which covenant shall be measured as of each Covenant Compliance Date until September 30, 2018, and increasing to at least .50% as of each Covenant Compliance Date thereafterDate. In determining such annualized return, Bank’s earnings will be annualized using its year to date earnings.

Return on Average Assets. Bank shall maintain an annualized return Return on Average Assets of at least .40% greater than or equal to 40/100 percent (0.40%) as of each Covenant Compliance Date until September 30, 2017, increasing to at least .45% as of each Covenant Compliance Date until September 30, 2018, and increasing to at least .50% as of each Covenant Compliance Date thereafterDate. In determining such annualized returnReturn on Average Assets, Bank’s earnings will be annualized using its year to date earnings.