Common use of LOAN RISK RATING SYSTEM Clause in Contracts

LOAN RISK RATING SYSTEM. (1) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount of $250,000 or greater (covered relationship) are timely, accurate, and consistent with the regulatory credit classification criteria set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship: (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) the strength of the borrower’s primary source of repayment is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loan; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-defined weaknesses is rated no better than Substandard, regardless of the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigants. A well-defined weakness in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook; and (d) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated pass. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (5) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s 's internal risk ratings of commercial real estate or agricultural credit relationships in the principal amount of $250,000 or greater (covered relationship) ), as assigned by responsible loan officers and by any independent loan reviewer, are timely, accurate, and consistent with the regulatory credit classification criteria set forth in the Rating Credit RiskRisk Booklet, A-RCR, of the Comptroller’s 's Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship: (a) the primary consideration is the strength of the borrower’s 's primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) if the primary source of repayment is cash flow from the borrower's operations, the determination of the strength of the borrower’s primary source of repayment 's cash flow is determined through limited to analysis of the borrower’s 's historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loanoccurred; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received, but no less frequently than annually; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-well­ defined weaknesses weakness is rated no better than Substandard, regardless of unless the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigantsdebt is secured by marketable securities or cash. A well-defined weakness Consistent with the guidance in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit RiskRisk Booklet, A-RCR, of the Comptroller’s 's Handbook; and (d) summary loan portfolio data highlighting trends in, the presence of illiquid collateral or existence of a plan for improvement does not, and condition ofa non-government guarantee generally will not, mitigate the quality probability of loans rated passdefault or a well-defined weakness. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (5) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety thirty (9030) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount of $250,000 or greater (covered relationship) ), as assigned by responsible loan officers and by internal loan review, are timely, accurate, and consistent with the regulatory credit classification criteria set forth in the Rating Credit Risk, A-RCRRisk Booklet, of the Comptroller’s Handbook. At a minimum, and the Board must ensure, on an ongoing basis, that with respect to the BankOCC’s assessment Summary of credit risk of any covered relationshipKey Principles: (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) if the primary source of repayment is cash flow from the borrower’s operations, the strength of the borrower’s primary source of repayment cash flow is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loanoccurred; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received, but no less frequently than annually; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety thirty (9030) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-defined weaknesses weakness is rated no better than Substandard, regardless of unless the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigantsdebt is secured by marketable securities or cash. A well-defined weakness Consistent with the guidance in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCRRisk Booklet, of the Comptroller’s Handbook; andHandbook and the OCC’s Summary of Key Principles: CRE/Construction & Development (d) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated pass. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (53) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety thirty (9030) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount of $250,000 or greater (covered relationship) ), as assigned by responsible loan officers and by internal loan review, are timely, accurate, and consistent with the regulatory credit classification criteria set forth in the Rating Credit Risk, A-RCRRisk Booklet, of the Comptroller’s HandbookHandbook dated April 2001. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship:covered (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) if the primary source of repayment is cash flow from the borrower’s operations, the strength of the borrower’s primary source of repayment cash flow is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loanoccurred; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received, but no less frequently than annually; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety thirty (9030) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-defined weaknesses weakness is rated no better than Substandard, regardless of unless the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigantsdebt is secured by marketable securities or cash. A well-defined weakness Consistent with the guidance in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCRRisk Booklet, of the Comptroller’s Handbook; and (d) summary loan portfolio data highlighting trends inHandbook and the OCC’s Summary of Key Principles: CRE/Construction & Development Lending dated April 9, 2008, the presence of illiquid collateral or existence of a plan for improvement does not, and condition ofa non-government guarantee generally will not, mitigate the quality probability of loans rated passdefault or a well-defined weakness. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (53) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety sixty (9060) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount excess of $250,000 or greater 400,000 (covered relationship) ), as assigned by responsible loan officers and by internal loan review, are timely, accurate, and consistent with the regulatory credit classification criteria set forth in the “Rating Credit Risk, A-RCR, ” booklet of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship: (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) if the primary source of repayment is cash flow from the borrower’s operations, the strength of the borrower’s primary source of repayment cash flow is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loancurrent conditions; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received, but no less frequently than annually; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety sixty (9060) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-defined weaknesses weakness is rated no better than Substandard, regardless unless the debt is secured by marketable securities or cash. Consistent with the guidance in the “Rating Credit Risk” booklet of the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigants. A well-defined weakness in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits.Comptroller’s (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook; and (d) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated pass. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (5) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety sixty (9060) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial and commercial real estate credit relationships in the principal amount excess of $250,000 or greater 500,000 (covered relationship) are timely, accurate, and consistent with the regulatory credit classification criteria set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship: (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) the strength of the borrower’s primary source of repayment is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loan; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety sixty (9060) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-defined weaknesses is rated no better than Substandard, regardless of the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigants. A well-defined weakness in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety sixty (9060) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of Five Hundred Thousand dollars ($500,000); (b) individual, or summary, detail regarding this same information for all problem loans in excess of less than or equal to two hundred fifty thousand dollars ($250,000); (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook; and (d4) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated pass. (45) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objectionComptroller. (56) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount of $250,000 or greater (covered relationship) are timely, accurate, and consistent with the regulatory credit classification criteria set forth in Rating Credit Risk, A-A- RCR, of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship: (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) the strength of the borrower’s primary source of repayment is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loan; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-well- defined weaknesses is rated no better than Substandard, regardless of the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigants. A well-well- defined weakness in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook; and (d) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated pass. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (5) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety thirty (9030) days, and on an ongoing basis thereafter, the Board must shall ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount excess of one hundred thousand dollars ($250,000 or greater 100,000) (covered relationship“Covered Relationship”) are timely, accurate, and consistent with the regulatory credit classification criteria set forth in Rating Credit Risk, A-RCR, of the Comptroller’s HandbookHandbook and the OCC’s Summary of Key Principles: Construction & Development Lending, dated April 8, 2008. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationshipCovered Relationship: (a) the The primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) the The strength of the borrower’s primary source of repayment is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loan; (c) collateralCollateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral Collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit Credit risk ratings are reviewed and updated whenever relevant new information is received; and (f) the The credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety thirty (9030) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship Covered Relationship with a high probability of payment default or other well-defined weaknesses weakness is rated no better than Substandard, regardless of the existence of illiquid collateral, non-non- government guarantees, and other similar credit risk of loss mitigants. A well-defined weakness in a covered relationship Covered Relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety thirty (9030) days, the Board must establish a revise its credit risk rating management information system that provides, at to include a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating summary of all loans rated Special Mention or worse in excess of $500,000; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000; (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook; and (d) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated passPass. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (5) 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.

LOAN RISK RATING SYSTEM. (1) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that the Bank’s internal risk ratings of commercial real estate credit relationships in the principal amount of $250,000 100,000 or greater (covered relationship) are timely, accurate, and consistent with the regulatory credit classification criteria set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook. At a minimum, the Board must ensure, on an ongoing basis, that with respect to the Bank’s assessment of credit risk of any covered relationship: (a) the primary consideration is the strength of the borrower’s primary source of repayment (i.e., the probability of default rather than the risk of loss); (b) the strength of the borrower’s primary source of repayment is determined through analysis of the borrower’s historical and projected financial statements, past performance, and future prospects in light of conditions that have occurred or may occur during the term of the loan; (c) collateral, non-government guarantees, and other similar credit risk mitigants that affect potential loss in the event of default (rather than the probability of default) are taken into consideration only if the primary source of repayment has weakened and the probability of default has increased; (d) collateral values should reflect a current assessment of value based on actual market conditions and project status; (e) credit risk ratings are reviewed and updated whenever relevant new information is received; and (f) the credit risk rating analysis is documented and available for review by the Board and the OCC upon request. (2) Within ninety (90) days, and on an ongoing basis thereafter, the Board must ensure that any covered relationship with a high probability of payment default or other well-well- defined weaknesses is rated no better than Substandard, regardless of the existence of illiquid collateral, non-government guarantees, and other similar credit risk of loss mitigants. A well-defined weakness in a covered relationship may include, but is not limited to, slow leasing or sales activity resulting in protracted repayment or default on the loan, changes in concept or plan due to unfavorable market conditions, materially deteriorated market conditions, delinquent taxes, or the inability to obtain necessary zoning or permits. (3) Within ninety (90) days, the Board must establish a credit risk rating management information system that provides, at a minimum, the following information to the Board on a monthly basis: (a) individual detail regarding the identification, type, amount, and assigned rating of all loans rated Special Mention or worse in excess of $500,000worse; (b) individual, or summary, detail regarding this same information for all problem loans in excess of $250,000;100,000; and (c) ratings equivalent to, or readily convertible to, the common regulatory risk rating definitions of pass, special mention, substandard, doubtful and loss set forth in Rating Credit Risk, A-RCR, of the Comptroller’s Handbook; and (d) summary loan portfolio data highlighting trends in, and condition of, the quality of loans rated pass. (4) Upon adoption, a copy of the program shall be forwarded to the Assistant Deputy Comptroller for review and determination of no supervisory objection. (5) 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.