BHB Financial Statements definition

BHB Financial Statements means the (i) the audited consolidated statements of financial condition (including related notes and schedules) of BHB as of December 31, 2009 and 2008 and the consolidated statements of income, comprehensive income, changes in shareholders’ equity and cash flows (including related notes and schedules, if any) of BHB for each of the three (3) years ended December 31, 2009, as set forth in BHB’s annual report on Form 10-K for the year ended December 31, 2009, and (ii) the unaudited interim consolidated financial statements of BHB as of the end of each calendar quarter following December 31, 2009, and for the periods then ended, as filed by BHB in its Securities Documents.

Examples of BHB Financial Statements in a sentence

  • Such existing leases and commitments to lease constitute or will constitute operating leases for both tax and financial accounting purposes and the lease expense and minimum rental commitments with respect to such leases and lease commitments are as disclosed in all material respects in the notes to the BHB Financial Statements.

  • Except as set forth on Schedule 3.15(a) of the BHB Disclosure Schedules, none of the investments reflected in the BHB Financial Statements, and none of the investments made by BHB or any BHB Subsidiary since the date of the BHB Financial Statements, are subject to any restriction, whether contractual or statutory, which materially impairs the ability of BHB or any BHB Subsidiary to dispose freely of such investment at any time.

  • The allowance for loan losses set forth in the BHB Financial Statements is reasonably adequate in all material respects under applicable regulatory requirements to provide for possible losses, net of recoveries relating to loans previously charged off, on loans outstanding (including accrued interest receivable) as of December 31, 2004, and based on GAAP.

Related to BHB Financial Statements