Adequacy of Reserves. The reserves, the allowance for possible loan and lease losses and the carrying value for real estate owned which are shown on the ONB Financial Statements are, in the judgment of management of ONB, adequate in all material respects under the requirements of GAAP to provide for possible losses on items for which reserves were made, on loans and leases outstanding and real estate owned as of the respective dates.
Appears in 6 contracts
Samples: Merger Agreement (Old National Bancorp /In/), Merger Agreement (LSB Financial Corp), Merger Agreement (Indiana Community Bancorp)
Adequacy of Reserves. The reserves, the allowance for possible loan and lease losses losses, and the carrying value for real estate owned which are shown on the ONB NWIN Financial Statements are, in the judgment of management of ONBNWIN, adequate adequate, in all material respects respects, under the requirements of GAAP to provide for possible losses on items for which reserves were made, on loans and leases outstanding outstanding, and real estate owned as of the respective dates.
Appears in 2 contracts
Samples: Merger Agreement (Northwest Indiana Bancorp), Merger Agreement (Northwest Indiana Bancorp)
