EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall engage a qualified independent consultant to perform quarterly asset quality reviews of the Bank’s loan portfolio. The consultant shall provide a written report to be filed with the Board after each review and shall use a loan and lease grading system that accurately identifies and stratifies risk. Refer to the “Rating Credit Risk” booklet of the Comptroller’s Handbook for guidance. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within forty-five (45) days of this Agreement, the Board shall employ a qualified consultant to perform semi-annual asset quality reviews of the Bank’s loan portfolio. The scope of the external loan review shall include seventy percent (70%) by dollar volume of the commercial, agricultural, and commercial real estate portfolios on an annual basis, and provide for a written report to be filed with the Board after each review, with the first report due no later than August 31, 2013, and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within sixty (60) days of this Agreement, the Board shall employ a qualified consultant to perform quarterly asset quality reviews of the Bank’s loan portfolio. The consultant shall be utilized until such time as an ongoing internal asset quality review system is developed by the Board, implemented, and demonstrated to be effective. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) The Board shall employ a qualified consultant to perform quarterly asset quality reviews of the Bank’s loan portfolio. The external loan review system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within thirty (30) days of this Agreement, the Board shall employ a qualified consultant to perform periodic independent reviews of the Bank’s loan portfolio to assure the timely identification and categorization of problem credits. The consultant shall be utilized until such time as an ongoing internal asset quality review system is developed by the Board, implemented, and demonstrated to be effective.
EXTERNAL LOAN REVIEW. (1) Within thirty (30) days of this Agreement, the Board shall modify as necessary the Bank’s engagement with a qualified consultant to perform semi-annual asset quality reviews of the Bank’s loan portfolio that meet the requirements of this Article. The scope of the external loan review shall include at least seventy percent (70%) by dollar volume of the commercial, agricultural, and commercial real estate portfolios on an annual basis, and provide for a written report to be filed with the Board after each semi-annual review, with the first report due no later than May 15, 2011, and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Within 120 days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program providing for an independent review of problem loans and leases in the Bank's loan and lease portfolios for the purpose of monitoring portfolio quality and trends, on at least an annual basis. At a minimum the program shall provide for an independent reviewer’s assessment of the Bank’s:
EXTERNAL LOAN REVIEW. (1) Within thirty (30) days of this Agreement, the Board shall modify as necessary the Bank’s engagement with a qualified consultant to perform semi-annual asset quality reviews of the Bank’s loan portfolio that meet the requirements of this Article. The scope of the external loan review shall include: at least seventy percent (70%) by dollar volume of the commercial, agricultural, and commercial real estate loan portfolios on an annual basis; at least annual review of Insider and related interest loans and extensions of credit; and at least annual review of new and existing loan participations purchased. The external loan review shall provide for a written report to be filed with the Board after each semi-annual review, with the first report due no later than October 15, 2011, and shall use a loan and lease grading system consistent with the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include comments and conclusions regarding:
EXTERNAL LOAN REVIEW. (1) By December 31, 2007, the Board shall implement and ensure an effective, independent and on-going external loan review system to review the Bank's loan and lease portfolios designed to timely identify and categorize problem credits. The system shall provide for a written report to be filed with the Board after each review and shall use a loan and lease grading system consistent with the guidelines set forth in the Rating Credit Risk booklet, A- RCR, of the Comptroller’s Handbook. Such reports shall, at a minimum, include conclusions regarding:
EXTERNAL LOAN REVIEW. (1) Effective immediately, the Board shall continue to employ a qualified, independent consultant or other qualified firm to perform semi-annual asset quality reviews of the Bank’s loan portfolio, with the next loan review report due no later than December 31, 2012. The consultant or firm shall use a loan grading system consistent with Generally Accepted Accounting Principles (“GAAP”) and the guidelines set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook and include documentation, support, and analysis of the individual risk ratings and other information to support the conclusions reached in a written report to be filed with the Board at the end of each review. The loan review report shall, at a minimum, include the comments and conclusions of the consultant or firm regarding:
