Allowance for Credit Losses. Each allowance for credit losses shown in the consolidated balance sheets of the Company and its Subsidiaries as of December 31, 2000, and included in the Company Financial Statements, complies in all material respects with GAAP.
Allowance for Credit Losses. The allowance for credit losses as reflected in Purchaser's consolidated financial statements and the Purchaser's regulatory reports as of December 31, 2023, in the reasonable opinion of Purchaser's management, (a) was adequate to meet all reasonably anticipated credit losses, net of recoveries related to loans previously charged off as of those dates, (b) was consistent with GAAP and safe and sound banking practices, and (c) conforms to recommendations and comments in reports of examination in all material respects.
Allowance for Credit Losses. At September 30, 1998 and thereafter, the allowances for credit losses of Summit and its subsidiaries are adequate in all material respects to provide for all losses on loans and leases outstanding, and to the best of Summit's knowledge, the loan and lease portfolios of Summit and its subsidiaries in excess of such allowances are collectible in the ordinary course of business.
Allowance for Credit Losses. Except as set forth in the Company Letter, the allowance for credit losses (the "Allowance") shown on the statements of financial position of the Company as of April 30, 1997 included in the Company Financial Statements was, and the Allowance shown on each of the statements of condition of the Company as of a date subsequent to the execution of this Agreement will be, in each case as of the dates thereof, determined in accordance with safe and sound banking practices and the guidelines and policies of the FDIC, and are (and will be) adequate, in the reasonable judgment of management, to provide for losses relating to or inherent in the loan and lease portfolios (including accrued interest receivable) of the Company and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by the Company.
Allowance for Credit Losses. Except as set forth in the PTC Letter, the allowance for credit losses (the "Allowance") shown on the consolidated statements of financial position of PTC and its Subsidiaries as of June 30, 1997 was, and the Allowance shown on each of the consolidated statements of condition of PTC and its Subsidiaries as of a date subsequent to the execution of this Agreement will be, in each case as of the dates thereof, determined in accordance with safe and sound banking practices and the guidelines and policies of the Federal Deposit Insurance Corporation ("FDIC"), and was (or will be) adequate, in the reasonable judgment of management, to provide for losses relating to or inherent in the loan and lease portfolios (including accrued interest receivables) of PTC and its Subsidiaries and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by PTC and its Subsidiaries. 8
Allowance for Credit Losses. Except as set forth in the IUB Letter, the Allowance shown on the consolidated statements of financial position of IUB and its Subsidiaries as of June 30, 1997 was, and the Allowance shown on each of the consolidated statements of condition of IUB and its Subsidiaries as of a date subsequent to the execution of this Agreement will be, in each case as of the dates thereof, determined in accordance with safe and sound banking practices and the guidelines and policies of the FDIC, and was (or will be) adequate, in the reasonable judgment of management, to provide for losses relating to or inherent in the loan and lease portfolios (including accrued interest receivables) of IUB and its Subsidiaries and other extensions of credit (including letters of credit and commitments to make loans or extend credit) by IUB and its Subsidiaries. (h)
Allowance for Credit Losses. (a) The allowance for credit losses shown on the GBC Financial Statements has been established by application of General Bank's policies and methodologies for establishment of such allowances and the requirements of GAAP and applicable regulatory accounting practices, consistently applied, to provide for possible credit losses as of such date and, in management's judgment, is adequate to provide for reasonably foreseeable potential credit losses as of such date.
Allowance for Credit Losses. Oakwood shall cause Oakwood Bank to maintain its Allowance at a level consistent with Oakwood Bank’s historical levels and its existing policies and in compliance with GAAP as applied to banking institutions, including with respect to CECL, and all applicable rules and regulations, and in the reasonable opinion of management, at a level adequate in all respects to provide for all probable losses, net of recoveries relating to loans previously charged off, on Loans outstanding (including accrued interest receivable) of Oakwood or any of its Subsidiaries and other extensions of credit (including letters of credit or commitments to make loans or extend credit).
Allowance for Credit Losses. At December 31, 1998 and thereafter the allowances for credit losses of Prime and its subsidiaries were and are adequate in all material respects to provide for all losses on loans and leases outstanding and, to the best of Prime's knowledge, the loan and lease portfolios of Prime in excess of such allowances are collectible in the ordinary course of business. Prime Schedule 2.10 constitutes a list of all loans and leases made by Prime or any of its subsidiaries that have been "classified" as to quality by any internal or external auditor, accountant or examiner, and such list is accurate and complete in all material respects.
Allowance for Credit Losses. For detailed discussion of the allowance for credit losses and the related accounting policies, see Note 16 of JPMorgan Chase Bank, N.A.’s 2014 Annual Financial Statements. Allowance for credit losses and loans and lending-related commitments by impairment methodology The table below summarizes information about the allowance for loan losses, loans by impairment methodology, the allowance for lending-related commitments and lending-related commitments by impairment methodology. Consumer, 2015 2014 Consumer, Six months ended June 30 (in millions) excluding credit card Credit card Wholesale Total excluding credit card Credit card Wholesale Total Allowance for loan losses Beginning balance at January 1, $ 6,969 $ 735 $ 3,648 $ 11,352 8,354 $ 832 $ 3,948 $ 13,134 Gross charge-offs 814 372 33 1,219 1,063 430 76 1,569 Gross recoveries (318) (40) (51) (409) (352) (50) (110) (512) Net charge-offs/(recoveries) 000 000 (00) 000 000 000 (34) 1,057 Write-offs of PCI loans(a) 110 — — 110 109 — — 109 Provision for loan losses 57 335 268 660 107 373 (64) 416 Ending balance at June 30, $ 6,420 $ 733 $ 3,942 $ 11,095 $ 7,642 $ 824 $ 3,917 $ 12,383 Allowance for loan losses by impairment methodology Asset-specific(b) $ 421 $ 99 (c) $ 147 $ 667 $ 577 $ 111 (c) $ 131 $ 819 Formula-based 2,784 634 3,795 7,213 3,316 713 3,786 7,815 PCI 3,215 — — 3,215 3,749 — — 3,749 Total allowance for loan losses $ 6,420 $ 733 $ 3,942 $ 11,095 $ 7,642 $ 824 $ 3,917 $ 12,383 Loans by impairment methodology Asset-specific $ 9,143 $ 319 $ 908 $ 10,370 $ 11,952 $ 454 $ 723 $ 13,129 Formula-based 258,380 27,831 337,474 623,685 218,675 31,222 320,205 570,102 PCI 43,806 — 4 43,810 50,118 — 5 50,123 Total retained loans $ 311,329 $ 28,150 $338,386 $ 677,865 $ 280,745 $ 31,676 $ 320,933 $ 633,354 Impaired collateral-dependent loans Net charge-offs $ 33 $ — $ 2 $ 35 $ 80 $ — $ (5) $ 75 Loans measured at fair value of collateral less cost to sell 2,545 — 307 2,852 3,028 — 321 3,349 Allowance for lending-related commitments Beginning balance at January 1, $ 13 $ — $ 606 $ 619 $ 8 $ — $ 693 $ 701 Provision for lending-related commitments 2 — (2) — 1 — (56) (55) Other — — — — — — — Ending balance at June 30, $ 15 $ — $ 604 $ 619 $ 9 $ — $ 637 $ 646 Allowance for lending-related commitments by impairment methodology Asset-specific $ — $ — $ 55 $ 55 $ — $ — $ 43 $ 43 Formula-based 15 — 549 564 9 — 594 603 Total allowance for lending-related commitments $ 15 $ — $ 604 $ 619 $ 9 $ — $ 637 $ 646 Lending-related...
