Common use of EXTERNAL LOAN REVIEW Clause in Contracts

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 forty-five (45) days of this Agreement, the Board shall employ a qualified consultant to perform periodic (at least semi-annual annually) asset quality reviews of the Bank’s loan portfolio. The scope of the external loan review shall include seventy fifty percent (7050%) 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 forty-five thirty (4530) 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, 20132010, 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 forty-five thirty (4530) 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 31February 15, 20132011, 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 forty-five thirty (4530) days of this Agreement, the Board shall employ a qualified qualified, independent consultant or firm to perform semi-annual asset quality reviews of the Bank’s loan portfolio, with the first report due no later than April 30, 2012. The scope of the external loan review engagement shall include seventy annual coverage of at least seventy-five percent (70%) by dollar volume of the commercial, agricultural, Bank’s commercial and commercial real estate portfolios on an annual basis, industrial loans by total dollar 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 using a loan and lease 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. Such reports shall, at a minimum, include the consultant’s or firm’s comments and conclusions regarding:

EXTERNAL LOAN REVIEW. (1) Within forty-five thirty (4530) 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 July 31, 20132010, 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: