Common use of INTERNAL LOAN REVIEW Clause in Contracts

INTERNAL LOAN REVIEW. (1) Within sixty (60) days, the Board shall establish an effective, independent and ongoing loan review system to review the Bank's loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty (60) 90 days, the Board shall establish an effective, independent and ongoing on-going loan review system to review review, at least semi-annually, the Bank's loan and lease portfolios to assure the timely identification and 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 rating system consistent with the guidelines set forth in “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty ninety (6090) days, the Board shall establish an effective, independent and ongoing on- going loan review system to review review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets Risk Booklet of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty (60) days, the Board shall establish an effective, independent and ongoing on- going loan review system to review review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty (60) days, the Board shall establish an effective, independent and ongoing on-going loan review system to review review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets Section 215 of the Comptroller’s HandbookHandbook for National Bank Examiners. Such reports shall includeshall, at a minimum, include conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty thirty (6030) days, the Board shall establish an a new effective, independent and ongoing loan review system to review review, at least quarterly, the Bank's ’s loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets Section 215 of the Comptroller’s HandbookHandbook for National Bank Examiners. Such reports shall includeshall, at a minimum, include conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty ninety (6090) days, the Board shall establish an effective, independent and ongoing on-going loan review system to review review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty ninety (6090) days, the Board shall establish an effective, independent and ongoing on-going loan review system to review review, on at least a semiannual basis, the Bank's loan and lease portfolios to assure the timely identification and 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 “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions regarding:

INTERNAL LOAN REVIEW. (1) Within sixty (60) daysBy June 30, 2002, the Board shall establish an effective, independent and ongoing on- going loan review system to review review, at least quarterly, the Bank's loan and lease portfolios to assure the timely identification and 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” and “Allowance for Loan and Lease Losses” booklets Risk booklet, A- RCR, of the Comptroller’s Handbook. Such reports shall includeshall, at a minimum, include conclusions regarding: