Allowance for Loan and Lease Losses definition

Allowance for Loan and Lease Losses means those general valuation allow- ances that have been established through charges against earnings to absorb losses on loans and lease financ- ing receivables. Allowances for loan and lease losses exclude allocated transfer risk reserves established pur- suant to 12 U.S.C. 3904 and specific re- serves created against identified losses.

Allowance for Loan and Lease Losses means an estimate of loan and lease losses in the entire loan portfolio, including estimated inherent losses, in conformity with generally accepted accounting principles and which meets regulatory requirements for full and fair disclosure of the financial statements. “Legal reserve” means the statutory reserve account of the credit union set aside from gross earnings

Allowance for Loan and Lease Losses. As defined in accordance with the then-current regulations of the applicable Bank Regulatory Authority and as reported by any Person on the Regulatory Capital Schedule of their respective Call Report applicable to such period.

Examples of Allowance for Loan and Lease Losses in a sentence

• Allowance for loan and lease losses.............................................

• Allowance for loan and lease losses and eligible credit reserves includable in tier 2 capitala.

• Item No. Caption and Instructions 4.c Less: Allowance for loan and lease losses.

• All loans and leases reported in this item must also be reported by loan category in Schedule RC-C, part I.Item No. Caption and Instructions 4.c Less: Allowance for loan and lease losses.

• For risk-based capital purposes, the allowance for loan and lease losses equalsSchedule RC, item 4.c, "Allowance for loan and lease losses," less Schedule RI-B, part II, Memorandum item 1, "Allocated transfer risk reserve included in Schedule RI-B, part II,item 7, above," plus Schedule RC-G, item 3, "Allowance for credit losses on off-balance sheet credit exposures." Gross risk-weighted assets is reported in Schedule RC-R, item 59.

More Definitions of Allowance for Loan and Lease Losses

Allowance for Loan and Lease Losses means a valuation account of the general ledger that is established for the purpose of disclosing and recognizing probable loan losses and is reported as a reduction to the loan asset whenever the credit union’s financial statement is generated. means an estimate of loan and lease losses in the entire loan portfolio, including estimated inherent losses, in conformity with generally accepted accounting principles and which meets regulatory requirements for full and fair disclosure of the financial statements.

Allowance for Loan and Lease Losses means those general valuation allowances that have been established through charges against earnings to absorb losses on loans and lease financing receivables. Allowances for loan and lease losses exclude allocated transfer risk reserves relating to international lending and specific reserves created against identified losses.

Allowance for Loan and Lease Losses or "ALLL" means, as of any calculation date, the Target Parties' Allowance for Loan and Lease Losses solely with respect to the remaining balance of the Closing Date Portfolio determined in accordance with the Current Methodology, Prevailing Regulatory Requirements and GAAP.

Allowance for Loan and Lease Losses means the valuation reserve established and maintained by Cole Xxxxxx xx absorb credit losses related to loans and leases in accordance with GAAP and regulatory accounting.

Allowance for Loan and Lease Losses means the amount set forth under the line item “allowance for loan and lease losses” on the Borrower’s consolidated balance sheet delivered under either Section 5.1(a) or 5.1(b) as determined in accordance with GAAP.

Allowance for Loan and Lease Losses means, at any time, the amount set forth in the most recent Form 10Q or 10K filed by the Borrower with the Securities and Exchange Commission (or any successor report).

Allowance for Loan and Lease Losses means the total amount of the Financial Institution Subsidiary’s allowance for loan and lease losses as reported in Schedule RC of the Call Report.