Common use of Asset Quality Clause in Contracts

Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths percent (1.5%).

Appears in 2 contracts

Samples: Term Loan Agreement (Community Bankshares Inc /Ga/), Community Bankshares Inc /Ga/

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Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths four percent (1.54%).

Appears in 1 contract

Samples: Stock Pledge and Security Agreement (Community Bankshares Inc /Ga/)

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Asset Quality. The ratio of loans 90 days past due + non accrual loans plus other real estate owned divided by net loans plus other real estate owned for each Bank shall not exceed one and five tenths two percent (1.52.0%).

Appears in 1 contract

Samples: Term Loan Agreement (Citizens Bancshares Corp /Ga/)

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