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: Defined Terms (LSB Financial Corp), Agreement and Plan of Merger (Old National Bancorp /In/), Agreement and Plan of Merger (Indiana Community Bancorp)