Common use of Classified Loans Clause in Contracts

Classified Loans. Except as previously disclosed to BNKA in writing, there are no loans presently owned by AMRB that have been classified by AMRB's management or AMRB internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non-Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing or reserved for in the unaudited balance sheet of AMRB as of March 31, 2004, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRB.

Classified Loans. Except as previously disclosed to BNKA in writing, there There are no loans presently owned by AMRB KSB that have been classified by AMRB's management or AMRB internal policy or procedureany bank examiner, any outside review examinerloan reviewer, accountant or any bank regulatory authority management as "Non-Accrual," "Watch," "Other Assets Specially Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified "Loss" have been reserved charged off. Notwithstanding the above, KSB shall not be under any obligation to disclose to WABC any such classification by any bank examiner where such disclosure would violate any obligation of confidentiality of KSB imposed by the extent requiredFDIC, the DFI, or other regulator. AMRB KSB regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB KSB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing the Disclosure Schedule or reserved for in the unaudited consolidated balance sheet of AMRB KSB as of March 31September 30, 20042001, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB KSB has no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBKSB.

Classified Loans. Except as previously disclosed to BNKA in writingthe ACB Disclosure Schedule, as of the date of this Agreement, there are no loans presently owned by AMRB ACB that have been classified by AMRB's ACB management or AMRB ACB internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "“Non-Accrual," "” “Watch," "” “Other Assets Specially Mentioned," "” “Substandard," "” “Doubtful," ” or "“Loss" ” or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB ACB regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB ACB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' ’ rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing the ACB Disclosure Schedule or reserved for in the unaudited balance sheet of AMRB ACB as of March 31, 2004the end of the most recent fiscal quarter, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no ACB does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBACB.

Classified Loans. Except as previously disclosed to BNKA in writingthe VCB Disclosure Schedule, as of the date of this Agreement, there are no loans presently owned by AMRB VCB that have been classified by AMRB's VCB management or AMRB VCB internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "“Non-Accrual," "” “Watch," "” “Other Assets Specially Mentioned," "” “Substandard," "” “Doubtful," ” or "“Loss" ” or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB VCB regularly reviews and appropriately classifies its their loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB VCB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' ’ rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing the VCB Disclosure Schedule or reserved for in the unaudited balance sheet of AMRB VCB as of March 31, 2004the end of the most recent fiscal quarter, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no VCB does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBVCB.

Classified Loans. Except as previously disclosed to BNKA in writingthe FNB Disclosure Schedule, as of the date of this Agreement, there are no loans presently owned by AMRB FNBNC that have been classified by AMRB's FNBNC’s management or AMRB FNBNC internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "“Non-Accrual," "” “Watch," "” “Other Assets Specially Mentioned," "” “Substandard," "” “Doubtful," ” or "“Loss" ” or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB FNBNC regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB FNBNC are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' ’ rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing the FNB Disclosure Schedule or reserved for in the unaudited balance sheet of AMRB FNBNC as of March 31, 2004the end of the most recent fiscal quarter, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no FNBNC does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBFNBNC.

Classified Loans. Except as previously disclosed to BNKA YCB in writing, there are no loans presently owned by AMRB NVB that have been classified by AMRBNVB's management or AMRB NVB internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non-Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB NVB regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB NVB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA YCB in writing or reserved for in the unaudited balance sheet of AMRB NVB as of March 31, 2004, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB NVB has no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBNVB.

Classified Loans. Except as previously disclosed to BNKA SRNB in writing, there are no loans presently owned by AMRB NVBancorp that have been classified by AMRB's NVBancorp management or AMRB NVBancorp internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non-Non- Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified have been reserved to the extent required. AMRB NVBancorp regularly reviews and appropriately classifies its loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB NVBancorp are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA SRNB in writing or reserved for in the unaudited balance sheet of AMRB NVBancorp as of March 31June 30, 20041999, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB NVBancorp has no extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBNVBancorp.

Classified Loans. Except as previously disclosed to BNKA in writingthe SRNB Disclosure Schedule, there are no loans presently owned by AMRB SRNB that have been classified by AMRB's SRNB management or AMRB SRNB internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non-Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified shall have been reserved to the extent required. AMRB SRNB regularly reviews review and appropriately classifies its classify their loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB SRNB are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to BNKA in writing the SRNB Disclosure Schedule or reserved for in the unaudited balance sheet of AMRB SRNB as of March 31June 30, 20041999, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no SRNB does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBSRNB.

Classified Loans. Except as previously disclosed to in the BNKA in writingDisclosure Schedule, there are no loans presently owned by AMRB BNKA that have been classified by AMRB's BNKA management or AMRB BNKA internal policy or procedure, any outside review examiner, accountant or any bank regulatory authority as "Non-Accrual," "Watch," "Other Assets Specially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories or words with similar import and all loans or portions thereof so classified shall have been reserved to the extent required. AMRB BNKA regularly reviews and appropriately classifies its their loans in accordance with all applicable legal and regulatory requirements and generally accepted banking practices. All loans and investments of AMRB BNKA are legal, valid and binding obligations enforceable in accordance with their respective terms and are not subject to any setoffs, counterclaims or disputes (subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general applicability), except as disclosed to in the BNKA in writing Disclosure Schedule or reserved for in the unaudited balance sheet of AMRB BNKA as of March 31, 2004, and were duly authorized under and made in compliance with applicable federal and state laws and regulations. AMRB has no BNKA does not have any extensions of credit, investments, guarantees, indemnification agreements or commitments for the same (including without limitation commitments to issue letters of credit, to create acceptances, or to repurchase securities, federal funds or other assets) other than those documented on the books and records of AMRBBNKA.