Common use of INDEPENDENT LOAN REVIEW Clause in Contracts

INDEPENDENT LOAN REVIEW. (1) Within ninety (90) days, the Board shall establish an effective, independent and on-going 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: (a) the identification, type, rating, and amount of problem loans and leases; (b) credit and collateral documentation exceptions; (c) loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank’s lending and leasing policies; and, (d) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (c) of the Article. (2) A written description of the program called for in this Article shall be forwarded to the Assistant Deputy Comptroller upon implementation. (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) The Board shall evaluate the loan and lease review report(s) and shall ensure that immediate, adequate, and continuing remedial action, if appropriate, is taken upon all findings noted in the report(s). (5) A copy of the reports submitted to the Board, as well as documentation of the action taken by the Bank to collect or strengthen assets identified as problem credits, shall be preserved in the Bank.

INDEPENDENT LOAN REVIEW. (1) Within ninety (90) days, the Board shall establish ensure the establishment, implementation, and thereafter ensure Bank adherence to an effective, independent and on-going loan review system to review review, at least quarterly, the Bank's commercial and retail loan and lease portfolios designed to assure the timely identify identification and categorize categorization of 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 Handbookreview. Such reports shallshall include, at a minimum, include conclusions regarding: (a) the identification, type, rating, and amount of problem loans and leases; (b) the identification and amount of delinquent and nonaccrual loans and leases; (c) credit and collateral documentation exceptions; (cd) the identification and status of credit related violations of law, rule or regulation; (e) loans and leases to executive officers, directors, principal shareholders (and their related interests) of the Bank; and (f) loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank’s lending and leasing policies; and, (d) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (c) of the Article. (2) A Upon adoption, a written description of the program system called for in this Article shall be forwarded to the Assistant Deputy Comptroller upon implementationfor review and determination of no supervisory objection. (3) The Board or a designated committee shall ensure that review the Bank has processes, personnel, independent loan review reports and control systems to ensure implementation of and adherence to the program developed pursuant to this Article. (4) The Board shall evaluate the loan and lease review report(s) and shall ensure that immediate, adequate, and continuing remedial action, if appropriate, is taken upon all findings noted in the report(s)reports. (54) A copy of the reports submitted to the Board, as well as documentation of the action taken by the Bank to collect or strengthen assets identified as problem credits, shall be preserved in at the Bank.

INDEPENDENT LOAN REVIEW. (1) Within ninety (90) days, the Board shall establish establish, implement, and thereafter ensure Bank adherence to an effective, independent and on-going loan review system to review review, at least semi-annually, the Bank's loan and lease portfolios designed to assure the timely identify identification and categorize categorization of 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 Handbookreview. Such reports shallshall include, at a minimum, include conclusions regarding: (a) the identification, type, rating, and amount of problem loans and leases; (b) the identification and amount of delinquent and nonaccrual loans and leases; (c) credit and collateral documentation exceptions; (cd) the identification and status of credit related violations of law, rule or regulation; (e) concentrations of credit; (f) loans and leases to executive officers, directors, principal shareholders (and their related interests) of the Bank; and (g) loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank’s lending and leasing policies; and, (d) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (c) of the Article. (2) A Upon adoption, a written description of the program system called for in this Article shall be forwarded to the Assistant Deputy Comptroller upon implementationfor review and determination of no supervisory objection. (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) The Board shall evaluate the internal loan and lease review report(s) reports and shall ensure that immediate, adequate, and continuing remedial action, if appropriate, is taken upon all findings noted in the report(s)report. (54) A copy of the reports submitted to the Board, as well as documentation of the action taken by the Bank to collect or strengthen assets identified as problem credits, shall be preserved in the Bank.

INDEPENDENT LOAN REVIEW. (1) Within ninety (90) days, the Board shall establish establish, implement, and thereafter ensure Bank adherence to an effective, independent and on-going loan review system program to review review, at least semi-annually, the Bank's ’s loan and lease portfolios designed to assure the timely identify and categorize problem creditsaccurate risk rating of credits and the identification of credit information, collateral documentation, and policy exceptions. The system Bank’s program 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 Handbookreview. Such reports shallshall include, at a minimum, include conclusions regarding: (a) the identification, type, rating, and amount of problem loans and leases; (b) the accrual status and amount of impairment reserves, if necessary; (c) credit information and collateral documentation exceptions; (cd) the identification and status of credit related violations of law, rule or regulation; (e) loans and leases to executive officers, directors, principal shareholders (and their related interests) of the Bank; and (f) loans and leases not in conformance with the Bank's ’s lending and leasing policies, and exceptions to the Bank’s lending and leasing policies; and, (d) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (c) of the Article. (2) A written description of the program called for in this Article shall be forwarded to the Assistant Deputy Comptroller upon implementation. (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) The Board shall evaluate the internal loan and lease review report(s) reports and shall ensure that immediate, adequate, and continuing remedial action, if appropriate, is taken upon all findings noted in the report(s)report. (53) A copy of the reports submitted to the Board, as well as documentation of the action taken by the Bank to collect or strengthen assets identified as problem creditsaddress concerns pursuant to Paragraph (2) of this Article, shall be preserved in the BankBank and available for inspection by the OCC.

INDEPENDENT LOAN REVIEW. (1) Within ninety sixty (9060) days, the Board shall establish an effective, independent and on-on- going loan review system to review review, at least quarterly, the Bank's loan and lease portfolios designed to assure the timely identify identification and categorize categorization of 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, Risk” booklet of the Comptroller’s HandbookHandbook for National Bank Examiners. Such reports shall, at a minimum, include conclusions regarding: (a) the identification, type, rating, and amount of problem loans and leases; (b) the identification and amount of delinquent loans and leases; (c) credit and collateral documentation exceptions; (cd) the identification and status of credit related violations of law, rule or regulation; and (e) loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank’s lending and leasing policies; and, (d) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (c) of the Article. (2) A written description of the program called for in this Article shall be forwarded to the Assistant Deputy Comptroller upon implementationfor review and determination of no supervisory objection. (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) The Board shall evaluate the independent loan review report and lease review report(s) and shall ensure that immediate, adequate, and continuing remedial action, if appropriate, is taken upon all findings noted in the report(s). (54) A copy of the reports submitted to the Board, as well as documentation of the action taken by the Bank to collect or strengthen assets identified as problem credits, shall be preserved in the Bank.