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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; (g) present and prospective economic conditions; and (h) trends in loan growth or product mix changes. (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 that complies with OCC Bulletin 2006-47, Interagency Policy Statement on the “Allowance for Loan and Lease 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 external loan review; (c) an estimate of inherent loss exposure on each significant credit; (d) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of one hundred-fifty thousand dollars ($50,000150,000); (de) 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 (h) trends in loan growth or product mix changes. (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 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 Losses booklet, A-ALLL, of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) results of the Bank's any external or internal loan review; (b) results an estimate of the Bank's external loan reviewinherent loss exposure on each credit over fifty thousand dollars ($50,000); (c) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess on the problem loan and watch list regardless of fifty thousand dollars ($50,000)amount; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; (g) present and prospective economic conditions; and (h) trends in loan growth or product mix changesgrowth. (2) The program shall provide for a review of the Allowance by the Board at least once prior to the end of 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) Within five (5) days of its completion, 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. (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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (d) loan loss experience; (ec) trends of delinquent and nonaccrual loans; (fd) concentrations of credit in the Bank;; and (ge) present and prospective economic conditions; and (h) trends in loan growth or product mix changes. (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 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 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 maintain 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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (de) 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 (h) trends in loan growth or product mix changes. (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 follow guidelines on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses” Losses booklet of the Comptroller’s 's Handbook, A-ALLL, 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; (g) present and prospective economic conditions; and (h) trends written documentation of peer group data and written analysis of the soft factors noted in loan growth or product mix changesthe Allowance for Loan and Lease Losses booklet of the Comptroller's Handbook, A-ALLL. (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 for the quarter it is discovered, prior to the filing of the Consolidated Reports of Condition and IncomeIncome for that quarter, 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. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program plan 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 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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (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; and (h) trends in loan growth or product mix changes. (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 within ninety (90) days 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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty five thousand dollars ($50,0005,000); (de) 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 (h) trends in loan growth or product mix changes. (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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of two hundred fifty thousand dollars ($50,000250,000); (de) loan loss experience; (ef) trends of delinquent and nonaccrual loans; (fg) concentrations of credit in the Bank; (gh) present and prospective economic conditions; and (h) trends in loan growth or product mix changes. (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 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 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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)significant credit; (d) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; (g) present and prospective economic conditions; and (h) trends proper adherence to accounting rules, as particularly set forth in loan growth or product mix changesASC 000- 00-00 and ASC 450-20. (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, 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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (de) 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 (h) trends in loan growth or product mix changes, both local and national. (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 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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000);significant credit; and (dc) loan loss experience; (e) trends of delinquent and nonaccrual loans; (f) concentrations of credit in the Bank; (g) present and prospective economic conditions; and (h) trends in loan growth or product mix changes. (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 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” Losses 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)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) trends in loan growth or product mix changes. (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 Director for Special Supervision/Fraud 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 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 or external review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; (gf) present and prospective economic conditions; and (hg) trends the timely charge-off of retail loans according to the Uniform Retail Credit Classification and Account Management Policy communicated in loan growth or product mix changes.OCC (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 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 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 internal ’s external loan review; (b) results of the Bank's external loan review; (c) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; (gf) present and prospective economic conditions; and (hg) trends in loan growth or product mix changesGenerally Accepted Accounting Principles and Accounting Standards Codifications, including, ASC 450 and 310 (formerly FAS 5 and 114). (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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty one hundred thousand dollars ($50,000100,000); (de) 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 (h) trends in loan growth or product mix changes. (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, the Board shall review review, revise, and thereafter ensure Bank adherence to its written program designed to ensure the adequacy maintenance of the Bank's an adequate Allowance for Loan and Lease Losses (“Allowance”) and shall establish a program for the maintenance of an adequate Allowance). This review and The program shall be designed in light of the comments on maintaining a proper Allowance found in the “Allowance for Loan and Lease Losses” booklet of the Comptroller’s Handbook, and shall focus particular attention on the following factors: (a) analyses and support for the amount of FAS 114 impairment; (b) analyses and support for the FAS 5 allocation; (c) quarterly analysis and support of qualitative factors; (d) 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (de) 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 (h) trends in loan growth or product mix changes. (2) The program shall provide for a review of the Allowance by the Board within sixty (60) days and continue to provide for a review of the Allowance at least once each calendar quarterquarter thereafter. 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) Upon revision, a copy of the program shall promptly be submitted to the Assistant Deputy Comptroller. (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 of the Comptroller’s Handbook, consistent with OCC Bulletin 2006-47 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 commercial real estate or criticized credit graded Substandard or Doubtful in excess of fifty one hundred thousand dollars ($50,000100,000); (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; and (h) trends in loan growth or product mix changes. (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 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 “Policy Statement on Allowance for Loan and Lease Losses” booklet of the Comptroller’s HandbookLosses Methodology and Documentation (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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)significant credit; (dc) loan loss experience; (ed) trends of delinquent and nonaccrual loans; (fe) concentrations of credit in the Bank; (gf) present and prospective economic conditions; and (h) trends in loan growth or product mix changes. (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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of fifty one hundred thousand dollars ($50,000100,000); (de) 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 (h) trends in loan growth or product mix changes.; (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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000); (d) loan loss experience; (ec) trends of delinquent and nonaccrual loans; (fd) concentrations of credit in the Bank; (ge) present and prospective economic conditions; and (hf) trends in problem loan growth or product mix changesidentification. (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 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 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) an estimate of inherent loss exposure on each credit graded Substandard or Doubtful in excess of dollars two hundred and fifty thousand dollars ($50,000250,000); (de) 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 (h) trends in loan growth or product mix changes. (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 ninety (90) 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 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 credit graded Substandard or Doubtful in excess of fifty thousand dollars ($50,000)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) trends in loan growth or product mix changes. (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. (4) Upon completion, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review.