Common use of LOAN PORTFOLIO MANAGEMENT Clause in Contracts

LOAN PORTFOLIO MANAGEMENT. (1) Within sixty (60) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program to improve the Bank's loan portfolio management. The program shall include, but not be limited to: (a) procedures to ensure satisfactory and perfected collateral documentation; (b) procedures to ensure that extensions of credit are granted, by renewal or otherwise, to any borrower only after obtaining and analyzing current and satisfactory credit information; (c) procedures to ensure conformance with loan approval requirements; (d) a system to track and analyze exceptions; and (e) procedures to ensure the accuracy of internal management information systems. (2) Upon completion, a copy of the program shall be forwarded to the Assistant Deputy Comptroller. Upon receiving a written determination of no supervisory objection from the Assistant Deputy Comptroller, the Board shall immediately implement, and require the Bank to adhere to, the program. (3) Beginning August 31, 2005, management will provide the Board with written reports on a monthly basis including, at a minimum, the following information: (a) credit and collateral documentation exceptions; (b) the identification and status of credit related violations of law, rule or regulation; (c) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (d) of this Article and Paragraph; and (d) the identification of loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank's lending and leasing policies. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program and systems developed pursuant to this Article.

LOAN PORTFOLIO MANAGEMENT. (1) Within sixty The Board shall, within ninety (6090) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program to improve the Bank's loan portfolio management. The program shall include, but not be limited to: (a) procedures to ensure satisfactory and perfected collateral documentation; (b) procedures to ensure that extensions of credit are granted, by renewal or otherwise, to any borrower only after obtaining and analyzing current and satisfactory credit information; (c) procedures to ensure conformance with loan approval requirements; (d) a system to track and analyze exceptions; and; (e) procedures to ensure conformance with Call Report instructions; (f) procedures to ensure the accuracy of internal management information systems; and (h) procedures to track and analyze concentrations of credit, significant economic factors, and general conditions and their impact on the credit quality of the Bank’s loan portfolios. (2) Upon completion, a copy of the program shall be forwarded to the Assistant Deputy Comptroller. Upon receiving a written determination of no supervisory objection from the Assistant Deputy Comptroller, the Board shall immediately implement, and require the Bank to adhere to, the program. (3) Beginning August 31Within ninety (90) days, 2005, management will provide the Board with written reports on a monthly basis includingshall develop, at a minimumimplement, the following informationand thereafter ensure Bank adherence to systems which provide for effective monitoring of: (a) credit early problem loan identification to assure the timely identification and collateral documentation exceptionsrating of loans based on lending officer submissions; (b) the identification statistical records that will serve as a basis for identifying sources of problem loans by industry, size, collateral, division, group, indirect dealer, and status of credit related violations of law, rule or regulationindividual lending officer; (c) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (d) of this Article previously charged-off assets and Paragraph; andtheir recovery potential; (d) the identification of loans and leases not in conformance compliance with the Bank's lending policies and leasing policieslaws, rules, and exceptions regulations pertaining to the Bank's lending function; (e) adequacy of credit and leasing policiescollateral documentation; and (f) concentrations of credit. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program and systems developed pursuant to this Article.

LOAN PORTFOLIO MANAGEMENT. (1) Within sixty The Board shall, within ninety (6090) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program to improve the Bank's loan portfolio management. The program shall include, but not be limited to: (a) procedures to ensure satisfactory and perfected collateral documentation; (b) procedures to ensure that extensions of credit are granted, by renewal or otherwise, to any borrower only after obtaining and analyzing current and satisfactory credit information; (c) procedures to ensure conformance with loan approval requirements; (d) procedures to ensure accurate and timely risk ratings of credits; (e) a system to track and analyze exceptions; and; (ef) procedures to ensure conformance with Call Report instructions on nonaccrual loans; (g) procedures to ensure the accuracy of internal management information systems, particularly to determine the adequacy of the Allowance for Loan and Lease Losses and each quarter end; (h) a performance appraisal process, including performance appraisals, job descriptions, and incentive programs for loan officers, which adequately ensures timely risk ratings of all credits, including deteriorating pass credits, and ensures officer accountability for credit quality and risk rating accuracy; (i) development of effective problem loan action plans; (j) procedures to ensure Board loan committee approval of all new, renewed, modified and extended credits with aggregate liability ("with aggregate liability" was deleted) greater than $100,000; and (k) procedures to track and analyze concentrations of credit, significant economic factors, and general conditions and their impact on the credit quality of the Bank's loan and lease portfolios. (2) Upon completion, a copy of the program shall be forwarded to the Assistant Deputy Comptroller. Upon receiving a written determination of no supervisory objection from the Assistant Deputy Comptroller, the Board shall immediately implement, and require the Bank to adhere to, the program. (3) Beginning August 31, 2005, management will provide the Board with written reports on a monthly basis including, at a minimum, the following information: (a) credit and collateral documentation exceptions; (b) the identification and status of credit related violations of law, rule or regulation; (c) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (d) of this Article and Paragraph; and (d) the identification of loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank's lending and leasing policies. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program and systems developed pursuant to this Article.

LOAN PORTFOLIO MANAGEMENT. (1) Within sixty The Board shall, within ninety (6090) days, the Board shall develop, implement, and thereafter ensure Bank adherence to a written program to improve the Bank's loan portfolio management. The program shall include, but not be limited to: (a) procedures to ensure satisfactory and perfected collateral documentation; (b) procedures to ensure that extensions of credit are granted, by renewal or otherwise, to any borrower only after obtaining and analyzing current and satisfactory credit information; (c) procedures to ensure conformance with loan approval requirements; (d) a system to track and analyze exceptions; and; (e) procedures to ensure conformance with Call Report instructions; (f) procedures to ensure the accuracy of internal management information systems; (g) a performance appraisal process, including performance appraisals, job descriptions, and incentive programs for loan officers, which adequately consider their performance relative to policy compliance, documentation standards, accuracy in credit grading, and other loan administration matters; and (h) procedures to track and analyze concentrations of credit, significant economic factors, and general conditions and their impact on the credit quality of the Bank’s loan and lease portfolios. (2) Upon completion, a copy of the program shall be forwarded to the Assistant Deputy ComptrollerComptroller for prior determination of no supervisory objection. Upon receiving a written determination of no supervisory objection from the Assistant Deputy Comptroller, the Board shall immediately implement, implement and require ensure the Bank Bank’s adherence to adhere to, the program. (3) Beginning August 31, 2005, management will provide the Board with written reports on a monthly basis including, at a minimum, the following information: (a) credit and collateral documentation exceptions; (b) the identification and status of credit related violations of law, rule or regulation; (c) the identity of the loan officer who originated each loan reported in accordance with subparagraphs (a) through (d) of this Article and Paragraph; and (d) the identification of loans and leases not in conformance with the Bank's lending and leasing policies, and exceptions to the Bank's lending and leasing policies. (4) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program and systems developed pursuant to this Article.