Common use of Loan Portfolio and Investment Securities Clause in Contracts

Loan Portfolio and Investment Securities. (a) The allowance for loan losses reflected in the Xxxxxxxx Federal Financial Statements at September 30, 2013 was, and the allowance for loan losses shown on the unaudited balance sheet for quarterly periods ending after September 30, 2013 was or will be, adequate in all material respects, as of the date thereof, under GAAP.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Oconee Federal Financial Corp.)

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Loan Portfolio and Investment Securities. (a) The allowance for loan losses reflected in the Xxxxxxxx Federal Financial Statements UA Bank’s audited consolidated balance sheet at September 30December 31, 2013 2014 was, and the allowance for loan losses shown on the unaudited balance sheet for quarterly periods ending after September 30December 31, 2013 2014 was or will be, adequate in all material respects, as of the date thereof, under GAAP.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Emclaire Financial Corp)

Loan Portfolio and Investment Securities. (a) The allowance for loan losses reflected in the Xxxxxxxx Federal Financial Statements Seller’s audited consolidated balance sheet at September 30, 2013 2014 was, and the allowance for loan losses shown on the unaudited balance sheet for quarterly periods ending after September 30, 2013 2014 was or will be, adequate in all material respects, as of the date thereof, under GAAP.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hamilton Bancorp, Inc.)

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Loan Portfolio and Investment Securities. (a) The allowance for loan losses reflected in the Xxxxxxxx Federal Financial Statements EN Bancorp’s audited consolidated balance sheet at September 30December 31, 2013 2014 was, and the allowance for loan losses shown on the unaudited balance sheet for quarterly periods ending after September 30December 31, 2013 2014 was or will be, adequate in all material respects, as of the date thereof, under GAAP.

Appears in 1 contract

Samples: Agreement and Plan of Merger (ESSA Bancorp, Inc.)

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