Tangible Equity Capital means Equity Capital less Goodwill and Other Intangible Assets of the Bank determined in accordance with the Call Report Instructions.
Tangible Equity Capital means common stock, paid in capital, retained earnings, and minus goodwill and any other intangible assets, without giving effect to any impact from gains or losses on available for sale securities.
Tangible Equity Capital means the sum of the capital stock, surplus and retained earning accounts, reduced by the amount of any goodwill and other intangible assets, each as derived from the Borrower’s quarterly Form FR Y-9C.
Examples of Tangible Equity Capital in a sentence
The 2008 ROE stated that if the leverage ratio drops below 2 percent, the FDIC is required under section 38 of the Federal Deposit Insurance Act to appoint a receiver for the institution within 90 days after the bank becomes Critically Undercapitalized.2.60%1.34%1.04%*Source: OIG analysis of PCA notifications.*Note: The FDIC also reported the Tangible Equity Capital Ratio at 1.04 percent, which was the same level as the Tier 1 Leverage Ratio.
The Tangible Equity Capital, determined in accordance with GAAP, of Mountain West as of the Effective Date is at least $6.3 million.
More Definitions of Tangible Equity Capital
Tangible Equity Capital means consolidated shareholders’ equity of DBI and all of its Subsidiaries determined in accordance with GAAP consistently applied for past periods, excluding any change in accumulated other comprehensive income, on a consolidated basis with Denmark State Bank, whether upward or downward, from September 30, 2021; provided, however, that (i) the amount of any costs, fees, expenses and commissions payable to any broker, finder, financial advisor or investment banking firm in connection with this Agreement or the transactions contemplated hereby; (ii) the amount of all legal and accounting fees and other expenses incurred in connection with the negotiation, execution or performance of this Agreement or the consummation of the transactions contemplated hereby; (iii) the accrual of any costs, fees, expenses, contract payments, penalties or liquidated damages associated with or incurred in connection with the termination of Terminated Contracts (as defined in Section 5.14), including, but not limited to, the termination of any data processing contract following the Closing Date; (iv) amounts payable upon a change in control event under any DBI Material Contract; (v) the amount of any payments to be made pursuant to any existing employment, change in control, salary continuation, deferred compensation or other similar agreements or arrangements or severance, noncompetition, retention or bonus arrangements between DBI or Denmark State Bank and any other Person, including the termination of such agreements, if the payment under such agreement or arrangement is triggered by the transactions set forth in this Agreement; (vi) the accrual of any future benefit payments due under any salary continuation, deferred compensation or other similar agreements through the date of final payment; and (vii) the amount of any additional accruals or costs (to the extent not already accrued) to fully fund and liquidate any DBI Benefit Plan (as defined herein) and to pay all related expenses and fees to the extent such termination is requested by BFC pursuant to Section 5.11, will not reduce or impact the calculation of Tangible Equity Capital for purposes of this Section; provided further, that adjustments to the calculation of the Tangible Equity Capital with respect to (i)-(vii) shall be mutually determined by DBI and BFC in good faith. All such excluded amounts shall also be determined in accordance with GAAP. For the avoidance of doubt, Tangible Equity Capital shall be reduced d...
Tangible Equity Capital has the meaning set forth in Section 2.02(b).
Tangible Equity Capital has the meaning assigned to such term in Section 5.2.3.
Tangible Equity Capital means - equity capital as presented in the financial statements, including, paid-up stock capital, non-distributed surpluses, funds, with the addition of the balance of the amounts of the shareholders' loan funds regarding which documents of subordination were signed towards the bank, by the company and shareholders and while deducting non-tangible assets such as: goodwill, patents, trademarks, brand names, copyrights etc. and deducting those liable to the Company who are interested parties and/or subsidiaries and/or companies related to the Company (as the aforementioned terms are defined in the Securities Law, 5728-1968) as well as deducting guarantees that were given by the Company to secure the debts of interested parties and/or subsidiaries and/or companies related to the Company.With regards to financial statements drawn up according to IFRS or US GAAP standards the definition of equity capital will change in accordance with what is detailed below:
Tangible Equity Capital means the sum of perpetual preferred stock, common stock, surplus and undivided profits, capital reserves, and net unrealized holding gains (and losses) on "available-for-sale" securities, as disclosed in the Subsidiary Banks' Call Reports.
Tangible Equity Capital means the sum of the common stock, surplus and retained earning accounts reduced by the amount of any goodwill;"
Tangible Equity Capital means Equity Capital less Goodwill and Other Intangible Assets of the Bank determined in accordance with the Call Report Instructions. “Texas Ratio” means, at any particular time, the ratio of Bank’s Non-Performing Assets to Tangible Equity Capital (plus loan loss reserve if not included therein). “Tier 1 Capital” means, at any particular time, the Tier 1 Capital of the Bank determined in accordance with the Call Report Instructions.