UNDERPERFORMING LOANS definition
UNDERPERFORMING LOANS means the aggregate sum of (i) Non Accrual Loans, plus (ii) Loans that are past due ninety (90) days or more, as reported in the quarterly Call Reports of Bank Subsidiary.
UNDERPERFORMING LOANS means those loans which are ninety (90) days delinquent or more plus nonaccrual loans, renegotiated loans and in substance foreclosures and otherwise as such term is defined in accordance with current governing laws and regulations.