Common use of Allowance for Loan and Lease Losses Clause in Contracts

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcredit in excess of seventy- five thousand dollars ($75,000); (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and, (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board A copy of the Board's program shall ensure that be submitted to the ADC for review and prior written determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the ADC, the Bank has processes, personnel, shall implement and control systems to ensure implementation of and adherence adhere to the program developed pursuant to this Articleprogram.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s 's Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and, (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcredit in excess of seventy-five thousand dollars ($75,000); (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and, (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board A copy of the Board's program shall ensure that be submitted to the ADC for review and prior written determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the ADC, the Bank has processes, personnel, shall implement and control systems to ensure implementation of and adherence adhere to the program developed pursuant to this Articleprogram.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a to ensure ongoing conformance with the Bank’s program for the maintenance of an adequate Allowance. This review and program shall be designed in light of ensure consistency with the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal ’s loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (c) change in portfolio mix; (d) severity of classified loans; (e) loan loss experience; (ef) trends of delinquent and nonaccrual loans; (fg) concentrations of credit in the Bank; and (gh) present and prospective economic conditions. (2) The . This program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (2) A copy of the Board’s program shall be submitted to the Assistant Deputy Comptroller for review and approval. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal external loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcredit in excess of two hundred fifty thousand dollars ($250,000); (c) the bank’s loan loss history; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and (gf) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) A copy of the Board's program shall be submitted to the Assistant Deputy Comptroller for review and prior written determination of no supervisory objection. Upon receiving a determination of no supervisory objection from the Assistant Deputy Comptroller, the Bank shall implement and adhere to the program. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy methodology of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program consistently applied, formally documented program, including written policies and procedures, for determining Allowance adequacy. In reviewing your policy, the maintenance of an adequate Allowance. This review and program Board shall be designed in light of the comments on maintaining a proper Allowance found in refer to the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, dated June 1996 and shall focus particular attention on the following factorson: (a) results of the Bank's internal loan reviewrisk rating process; (b) results of the Bank's external third party loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) an estimate of inherent loss exposure on each problem credit; (e) loan loss experience; (ef) trends of delinquent and nonaccrual loans; (fg) concentrations of credit in the Bank; and; (gh) present and prospective economic conditions; and (i) strengthening documented support for loss factors and unallocated reserves. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports Report of Condition and IncomeCondition, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board . Upon completion, a copy of the written allowance program shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence be forwarded to the program developed pursuant to this ArticleAssistant Deputy Comptroller for review.

Allowance for Loan and Lease Losses. (1) The By June 30, 2009, the Board shall review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate appropriate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses bookletOCC Bulletin 2006-47 (December 13, A-ALLL, of the Comptroller’s Handbook, 2006) and shall focus particular attention on the following factors: (a) results of the Bank's ’s internal loan review; (b) results of the Bank's ’s external loan review; (c) an estimate of inherent loss exposure on each significant creditin accordance with FAS 5 and FAS 114; (d) loan loss experience; (e) trends of delinquent and nonaccrual non-accrual loans; (f) concentrations of credit in the Bank; and, (g) present adjustments for relevant qualitative and prospective economic conditionsenvironmental factors. (2) The program shall provide for a review of the Allowance by the Board Board, or a designated committee, at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall shall, within sixty (60) days, review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish ensure that enhancements are made to improve the analysis of the Allowance on a program for the maintenance of an adequate Allowanceleast a quarterly basis. This review and program analysis shall be designed enhanced in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors:’s (a) results of the Bank's ’s internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review and comprehensive analysis of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Within forty-five (45) days, the Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of found in the Comptroller’s Handbook, and shall focus particular attention on the following 's factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (cb) an estimate of inherent loss exposure on each significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and; (gf) present and prospective economic conditions; (g) changes in the nature and volume of the loan portfolio; (h) changes in loan personnel and depth of experience; and (i) the quality and level of management and board oversight. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports Report of Condition and IncomeCondition, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board A copy of the Board's program shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence be submitted to the program developed pursuant to this ArticleAssistant Deputy Comptroller for review and approval.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The Board shall establish a program and specific policy guidance for compliance with FAS 114. This policy shall provide for a review be designed in light of the comments on maintaining a proper Allowance by the Board at least once each calendar quarter. Any deficiency found in the OCC Bulletin 2006-47 “Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition for Loan and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the AllowanceLease Losses. (3) ” The Board shall ensure focus particular attention on the following factors: (a) thresholds and characteristics of loans that the Bank has processes, personnel, and control systems to ensure implementation will be individually assessed for impairment; (b) definition of and adherence to the program developed pursuant to this Article.impairment; (c) methods used in measuring impairment; and

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcriticized credit in excess of fifty thousand dollars ($50,000); (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and (gf) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, Booklet of the Comptroller’s 's Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal or external loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcredit in excess of fifty thousand dollars ($50,000); (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and (gf) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) A copy of the Board's program shall be submitted to the Assistant Deputy Comptroller for review and approval. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1( 1 ) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Comptroller s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal and/or external loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; (f) present and prospective economic conditions; and (g) present and prospective economic conditionsparticipations purchased from other financial institutions. (2( 2 ) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s HandbookHandbook and OCC Bulletin 2006-47, and shall focus particular attention on the following factors: (a) results of the Bank's ’s internal loan review; (b) results of the Bank's ’s external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and, (ga) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board A copy of the Board’s review of the adequacy of the Allowance for Loan and Lease Losses shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence be forwarded to the program developed pursuant to this ArticleAssistant Deputy Comptroller on a quarterly basis.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and; (g) present and prospective economic conditions; and (h) accuracy of the mathematical calculations. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The By June 30, 2009, the Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate appropriate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses bookletOCC Bulletin 2006-47 (December 13, A-ALLL, of the Comptroller’s Handbook, 2006) and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditin accordance with FAS 5 and FAS 114; (d) loan loss experience; (e) trends of delinquent and nonaccrual non-accrual loans; (f) concentrations of credit in the Bank; and, (g) present adjustments for relevant qualitative and prospective economic conditionsenvironmental factors. (2) The program shall provide for a review of the Allowance by the Board Board, or a designated committee, at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall continue to review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish continue to ensure a program for the maintenance of an adequate Allowance. This The review and program shall continue to be designed in light of conjunction with the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, OCC Bulletin 2001-37 – for Banks and shall focus particular attention on the following factors:Savings Institutions, and Statement of Financial Accounting Standards (a) results of the Bank's internal and external loan reviewreviews; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (dc) loan loss experience, which must include a separate migration analysis for loans rated Special Mention; (ed) trends of criticized, delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and; (gf) present and prospective economic conditions; (g) documentation to support Allowance assumptions and decisions; and, (h) the specific recommendations included in the XXX. (2) The program shall continue to provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall continue to be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall continue to be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal and external loan reviewreviews; (b) results an estimate of the Bank's external loan reviewinherent loss exposure on each significant credit; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and; (g) present and prospective economic conditions; (h) a proper analysis pursuant to the requirements of Statement of Financial Accounting Standards 114 (FAS 114), “Accounting by Creditors for the Impairment of a Loan;” and (i) an evaluation of the quality of credit risk management practices, and quality and experience of the lending staff. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) A copy of the Board's program shall be submitted to the Assistant Deputy Comptroller for review and prior determination of no supervisory objection. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's ’s internal loan review; (b) results of the Bank's ’s external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and; (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, “Asset Quality” section of the Comptroller’s OTS Examination Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results an estimate of the Bank's external loan reviewinherent loss exposure under ASC 450-20; (c) an estimate of inherent loss exposure on each significant creditunder ASC 310-10; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a further strengthen their program for the maintenance of an adequate Allowance. This review and program shall ensure proper risk ratings and include a qualitative factor adjustment for “levels of and trends in charge-offs and recoveries” as detailed in OCC Bulletin 2001-37 and be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and . The program shall focus particular attention on the following factors: (a) results of the Bank's internal loan reviewloss experience, which must include a separate migration analysis for loans rated Special Mention; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions; and (c) the specific recommendations included in the Report of Examination. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan reviewgrading decisions; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Within sixty (60) days of the date of this Agreement, the Board shall review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate appropriate Allowance. This review and program shall be designed to meet Generally Accepted Accounting Principles and regulatory guidance set forth in light of FAS 5, FAS 114, OCC Bulletin 2001-37, OCC Bulletin 2006-47, and the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of suitable policies and procedures that communicate the Bank's internal loan reviewAllowance process internally to all applicable personnel; (b) clear explanations and documentation for the Allowance analysis; (c) results of the Bank's ’s internal risk ratings; (d) results of the Bank’s external loan review; (ce) an estimate of inherent loss exposure on each significant impaired credit; (df) loan loss experience; (eg) trends of delinquent and nonaccrual loans; (fh) concentrations of credit in the Bank; and (gi) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and IncomeCall Report, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors:’s (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and; (g) present and prospective economic conditions; and, (h) historical data and correction of deficiencies in credit risk identification. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) A copy of the Board's program shall be submitted to the Assistant Deputy Comptroller for review and approval. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The By March 31, 2008, the Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate appropriate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses bookletOCC Bulletin 2006-47 (December 13, A-ALLL, of the Comptroller’s Handbook, 2006) and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditin accordance with FAS 5 and FAS 114; (d) loan loss experience; (e) trends of delinquent and nonaccrual non-accrual loans; (f) concentrations of credit in the Bank; and, (g) present adjustments for relevant qualitative and prospective economic conditionsenvironmental factors. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and in consideration of the findings identified within the ROE. (2) The Board shall establish a program proxxxm for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, . A-ALLL, of the Comptroller’s Handbook, 's Handbook and OCC Bulletin 2001-37 and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (dc) loan loss experienceexperience for each homogeneous pool of loans; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; (f) present and respective economic conditions; and (g) present and prospective economic conditionsfindings identified with the ROE. (23) The program shall provide for a review xxview of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (34) A copy of the Board's program shall be submitted to the Assistant Deputy Comptroller for review and prior determination of no supervisory objection. (5) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Within ninety (90) days, the Board shall review the adequacy of revise the Bank's ’s program for the maintenance of an adequate Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate AllowanceALLL). This review and program The revisions shall be designed in light of (i) the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses” booklet of the Comptroller’s Handbook; (ii) U.S. generally accepted accounting principles (“GAAP”); (iii) OCC Bulletin 2006-47, Interagency Policy Statement on the Allowance for Loan and Lease Losses booklet(December 13, A-ALLL, of 2006); and (iv) the Comptroller’s Handbook, and shall focus particular attention instructions for reporting the Allowance on the following factorsCall Report. At a minimum, the program must be revised to incorporate the following: (a) results procedures to insure that the measurement for impairment is conducted using one of the Bank's internal loan review;three acceptable methods specified under ASC 310-10: discounted cash flows, observable market price, or fair value of collateral less estimated cost to sell; and (b) results procedures for determining loan pools under ASC 450-20 and an analysis of the Bank's external those loan review; (c) an estimate of inherent pools with accurate loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent rates and nonaccrual loans; (f) qualitative factor adjustments, including adjustments related to exposures to concentrations of credit in the Bank; and (g) present and prospective economic conditionscredit, for each pool. (2) The ALLL program shall provide for a review of the Allowance ALLL by the Board at least once each calendar quarter. Any deficiency in the Allowance ALLL shall be remedied corrected in the quarter it is discovered, prior to filing the filing of the Consolidated Reports of Condition and IncomeCall Report, by additional provisions from earnings. Written documentation shall be maintained indicating of the factors considered and conclusions reached by the Board in determining the adequacy of the AllowanceALLL shall be maintained. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditproblem credit in excess of twenty-five thousand dollars ($ 25,000), in accordance with FAS 114; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans;; and, (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcredit or credit with significant loss exposure; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and; (gf) present and prospective economic conditions.; and requirements detailed in OCC Bulletin 2000-20, Uniform Retail (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and, (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal external loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant creditcredit in excess of two hundred fifty thousand dollars ($250,000); (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and (gf) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's ’s Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal ’s external loan review; (b) results an estimate of the Bank's external loan reviewinherent loss exposure on each significant credit; (c) an estimate of inherent loss exposure on each significant creditcredit in excess of five hundred thousand dollars ($500,000); (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Interagency Policy Statement contained in OCC Bulletin 2006-47 (December 13, 2006) and the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and; (g) present and prospective economic conditions; and (h) appropriate adjustments to qualitative factors. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and; (gf) present and prospective economic conditions.; (g) potential impact of off balance sheet items; (h) potential loan growth; (i) year 2000 risks (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board or a designated committee shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a continue its program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan reviewreview and problem loan identification process; (b) results the requirements of the Bank's external loan reviewFinancial Accounting Standards (FAS) 5 and FAS 114; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; and (gf) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board or a designated committee at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) A copy of the Board’s program shall promptly be submitted to the ADC for review. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors:’s (a) results of the Bank's internal and external loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; (f) present and prospective economic conditions; and (g) present capabilities of the lending staff, trends in risk selection, and prospective economic conditions. (2) overall quality of the credit risk management process. The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses booklet, A-ALLL, Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and, (g) present and prospective economic conditions. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.

Allowance for Loan and Lease Losses. (1) The Board shall review the adequacy of the Bank's Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance. This review and program shall be designed in light of the comments on maintaining a proper Allowance found in the Allowance for Loan and Lease Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's internal loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; and; (g) present and prospective economic conditions; and (h) staffing levels and experience. (2) The program shall provide for a review of the Allowance by the Board at least once each calendar quarter. Any deficiency in the Allowance shall be remedied in the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and Income, by additional provisions from earnings. Written documentation shall be maintained indicating the factors considered and conclusions reached by the Board in determining the adequacy of the Allowance. (3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.