Non-Current Loans, definition
Non-Current Loans,. Loans," "Other Real Estate Owned (OREO)," "Loan Loss Reserve," "Loan Loss Allowance," "Leases," "Equity," "Core Capital" and "Assets," shall have the meanings ascribed to such terms from time to time in the laws and regulations governing such terms applicable to the Borrower for purposes of their financial reporting. The term "Interest Adjusted Return on Average Assets" shall mean net income after taxes and extraordinary items (annualized), plus all interest paid on the Loan during each period, as a percent of average total assets. The term "Insider Loans" shall mean loans to Officers and Legal (Fiduciary) Directors of the Borrower, but shall not apply to persons in such capacities with respect to the Subsidiary Banks. STARTING DATES FOR MEASUREMENT PERIODS FOR DETERMINATIONS OF PERFORMANCE RATIOS -8- 9 ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ AT CLOSING 12/31/2000 12/31/2001 12/31/2002 12/31/2003 BALANCE OF TERM ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Insider loans/Assets <4.0% <3.5% <3.0% <2.5% <2.5% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Net Charge-offs /Loans <.50% <.40% <.25% <.25% <.25% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Non-Current Loans/Loans <1.35% <1.25% <1.15% <1.0% <1.0% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Non Current Loans and leases plus OREO to Assets <1.0 <1.0 <1.0 <.75 <.75 ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Loan Loss Reserve as a % of Loans >1.1% >1.15% >1.20% 1.25% >1.25% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Loan Loss Allowance/Non Current Loans and leases >90% >100% >110% >125% >150% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Internally Classified Assets/Equity <40% <40% <35% <30% <30% ----------------------------- ---------------- --------------- ---------------- --------------- ------------------ Core Capital/Assets >8.0% >6.75% >7.0% >7.15% >7.25% ----------------------------- ---------------- --------------- ---------------- -----...
Examples of Non-Current Loans, in a sentence
Collections, Non-Current Loans, Approving, Data Entry and Days, Data Entry and Evenings, Microfilm, Tracing, Lost Card Reporting, Statement Room and Mail Room), Assistant Supervisors (Credit and Customer Service), Merchant Service Internal Auditor, Personnel Department, Special Representative (Marketing).