Nonperforming Assets definition

Nonperforming Assets means the sum of (a) Nonperforming Loans, (b) nonaccrual investment securities and (c) Other Real Estate Owned (determined in accordance with, and as set forth on, Borrower’s FR Report Y-9C).

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Nonperforming Assets has the meaning ascribed to such term in Section 7.3.

Nonperforming Assets means the Consolidated loans, leases and other assets of the Borrower that are not accruing interest or are 90 days or more past due in the payment of principal or interest, plus Consolidated “other real estate owned” by the Borrower (“Other Real Estate”); and “Total Loans” means the Consolidated principal of loans made by Borrower to unrelated third parties; in each case as shown on the Consolidated financial statements of Borrower, prepared in accordance with FFIEC requirements.@

Examples of Nonperforming Assets in a sentence

Sterling’s Nonperforming Assets, as defined in Section 11.1, shall not exceed $30,000,000 for the period from January 1, 2010 through the Closing Date.
The Company’s and the Company Bank’s aggregate Nonperforming Assets, as defined below, shall not exceed $15.0 million at the month-end that immediately precedes the Closing Date.
Borrower and --------------------- Subsidiaries, on a consolidated basis, shall have Non-performing Assets, in the aggregate, of not more than 25% of Primary Capital.
The Borrower shall not permit its Nonperforming Assets to Total Loans and Other Real Estate Ratio to be less than 6.00%.
The Subsidiary Bank shall maintain, and Borrower shall cause the Subsidiary Bank to maintain, a ratio of Nonperforming Assets to the sum of Tangible Capital plus the Allowance for Loan Losses (Nonperforming Assets divided by the sum of (a) Tangible Capital plus (b) the Allowance for Loan Losses) of not more than twenty percent (20%), measured as of the last day of each fiscal quarter of the Subsidiary Bank commencing with the fiscal quarter ending December 31, 2012.

More Definitions of Nonperforming Assets

Nonperforming Assets means, at any date, the sum, for Popular and its Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP) of the following: (a) loans that are at least 90 days past-due as to principal or interest; (b) loans that are required to have been placed on nonaccrual status by the relevant Bank Regulatory Authority for Popular or its Subsidiaries; (c) loans that bear a rate of interest that has been reduced below market rates due to the deteriorating financial condition of a borrower; and (d) assets that have been acquired in satisfaction of indebtedness or have been classified as "in-substance foreclosures".

Nonperforming Assets means (i) all loans and leases (A) that are contractually past due 90 days or more in the payment of principal and/or interest, (B) that are on nonaccrual status, (C) where a reasonable doubt exists, in the reasonable judgment of Firstbank, as to the timely future collectibility of principal and/or interest, whether or not interest is still accruing or the loan is less than 90 days past due, (D) where the interest rate terms have been reduced and/or the maturity dates have been extended subsequent to the agreement under which the loan was originally created due to concerns regarding the borrower's ability to pay in accordance with such initial terms, (E) where a specific reserve allocation exists in connection therewith, or (F) that have been classified "doubtful", "loss" or the equivalent thereof by any Regulatory Authority, and (ii) all assets classified as real estate acquired through foreclosure or repossession and other assets acquired through foreclosure or repossession.

Nonperforming Assets means (i) all loans and leases that have been classified “Special Mention,” “Substandard,” “Doubtful,” “Loss” or the equivalent thereof by Parent Bank, Parent Bank’s outside auditors or any regulatory authority, and (ii) all assets classified as OREO and other assets acquired through foreclosure or repossession.

Nonperforming Assets means the sum of the unpaid principal balance of all loans owned by Issuer that are 90 or more days delinquent, in foreclosure, or in bankruptcy.

Nonperforming Assets means the sum of (i) loans in nonaccrual status, as defined in the Federal Financial Institutions Examination Council Instructions for Preparation of Consolidated Reports of Condition and Income (“Call Report Instructions”), (ii) other real estate owned, as defined in the Call Report Instructions and (iii) troubled debt restructurings, as defined in the Call Report Instructions.

Nonperforming Assets means the sum of (a) Non-Performing Loans, (b) Other Real Estate Owned and (c) other assets acquired through foreclosure or other realization upon collateral or rearrangement or satisfaction of Indebtedness.

Nonperforming Assets means the sum of all other real estate owned by and repossessed assets, non-accrual loans, restructured loans and loans on which any payment is 90 or more days past due but which continue to accrue interest of Subsidiary Bank.