LOAN REVIEW AND PROBLEM LOAN IDENTIFICATION. (1) The Board shall within sixty (60) days employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely, independent, and accurate identification of problem loans and leases.
LOAN REVIEW AND PROBLEM LOAN IDENTIFICATION. (1) Upon execution of this document, the Board, or a designated committee, shall promptly ensure that the Bank’s internal loan review officer has the demonstrated experience and skills to be, or receives the external training and on-the-job training necessary to become competent in performing the internal loan review function.
LOAN REVIEW AND PROBLEM LOAN IDENTIFICATION. (1) Within ninety (90) days, the Board shall implement a written program which ensures that the Bank’s loan officers are, on an on-going basis, timely and accurately identifying and classifying problem loans and leases. This program shall emphasize that it is the individual loan officer’s responsibility to timely identify and risk rate any problem loans or leases originated by that officer and/or within that officer’s portfolio. Performance appraisals and incentive programs for loan officers shall appropriately consider their performance relative to, among other factors, accuracy and timeliness in credit grading.
LOAN REVIEW AND PROBLEM LOAN IDENTIFICATION. (1) Within sixty (60) days, the Board shall develop and implement a written program to ensure that the Bank’s officers and employees are timely identifying and accurately risk rating assets. At a minimum, the program implemented pursuant to this Article shall require the following:
LOAN REVIEW AND PROBLEM LOAN IDENTIFICATION. (1) Within sixty (60) days, the Board shall establish an accurate, independent, and on- going loan review system to review, at least quarterly, the Bank’s loan and lease portfolio 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” booklet of the Comptroller’s Handbooks and “OCC Bulletin 2006-47 – Interagency Policy Statement on the Allowance for Loan and Lease Losses.” Such reports shall include, at a minimum, conclusions regarding:
LOAN REVIEW AND PROBLEM LOAN IDENTIFICATION. (1) Within sixty (60) days, the Board or a designated committee shall establish an effective, independent, and on-going loan review system and internal officer grading system to review the Bank’s loan and lease portfolios to assure the timely and accurate identification and categorization of nonaccrual loans and loans rated "Special Mention," "Substandard," "Doubtful," and "Loss." The system shall include, but not be limited to:
