Common use of Non-Performing Assets Clause in Contracts

Non-Performing Assets. The Company shall, as of the last day of each fiscal quarter, maintain on a consolidated basis with its Subsidiaries, and shall cause each Banking Subsidiary to maintain as of such day on a consolidated basis with its subsidiaries, a ratio (a) of Non-Performing Assets of the Company or such Banking Subsidiary on a consolidated basis, as the case may be, to (b) the sum of (i) stockholders' equity for the Company or core capital for such Banking Subsidiary, as the case may be, plus (ii) loan loss reserves established by the Company or such Banking Subsidiary, as the case may be, on a consolidated basis in accordance with regulatory accounting principles applicable to the Company or such Banking Subsidiary, of not more than .25 to 1.0.

Non-Performing Assets. The Company shall, as of the last day of each fiscal quarter, maintain on a consolidated basis with its Subsidiaries, and shall cause each Banking Subsidiary to maintain as of such day on a consolidated basis with its subsidiaries, a ratio (a) of Non-Performing Assets of the Company or such Banking Subsidiary on a consolidated basis, as the case may be, to (b) the sum of (i) stockholders' ’ equity for the Company or core capital for such Banking Subsidiary, as the case may be, plus (ii) loan loss reserves established by the Company or such Banking Subsidiary, as the case may be, on a consolidated basis in accordance with regulatory accounting principles applicable to the Company or such Banking Subsidiary, of not more than .25 .20 to 1.0.

Non-Performing Assets. The Company shall, as of the last day of each fiscal quarter, maintain on a consolidated basis with its Subsidiaries, and shall cause each Banking Subsidiary to maintain as of such day on a consolidated basis with its subsidiaries, a ratio (a) of Non-Performing Assets of the Company or such Banking Subsidiary on a consolidated basis, as the case may be, to (b) the sum of (i) stockholders' equity for the Company or core capital for such Banking Subsidiary, as the case may be, plus (ii) loan loss reserves established by the Company or such Banking Subsidiary, as the case may be, on a consolidated basis in accordance with regulatory accounting -52- principles applicable to the Company or such Banking Subsidiary, of not more than .25 to 1.0.

Non-Performing Assets. The Company shall, as of the last day of each fiscal quarter, maintain on a consolidated basis with its Subsidiaries, and shall cause each Banking Subsidiary to maintain as of such day on a consolidated basis with its subsidiaries, a ratio (a) of Non-Performing Assets of the Company or such Banking Subsidiary on a consolidated basis, as the case may be, to (b) the sum of (i) stockholders' shareholders’ equity for the Company or core capital for such Banking Subsidiary, as the case may be, plus (ii) loan loss reserves established by the Company or such Banking Subsidiary, as the case may be, on a consolidated basis in accordance with regulatory accounting principles applicable to the Company or such Banking Subsidiary, of not more than .25 to 1.0.

Non-Performing Assets. The Company shall, as of the last day of each fiscal quarter, maintain on a consolidated basis with its Banking Subsidiaries, and shall cause each Banking Subsidiary to maintain as of such day on a consolidated basis with its subsidiariesan individual basis, a ratio of (a) of Non-Performing Assets of the Company on such consolidated basis or such Banking Subsidiary on a consolidated basisSubsidiary, as the case may be, to (b) the sum of (i) stockholders' equity for the Company or core capital Tier I Capital for such Banking Subsidiary, as the case may be, plus (ii) loan loss reserves established by the Company on such consolidated basis or such Banking Subsidiary, as the case may be, on a consolidated basis in accordance with regulatory accounting principles applicable to the Company or such Banking Subsidiary, of not more than .25 to 1.0.

Non-Performing Assets. The Company shall, as of the last day of each fiscal quarter, maintain on a consolidated basis with its Subsidiaries, and shall cause each Banking Subsidiary to maintain as of such day on a consolidated basis with its subsidiaries, a ratio (a) of Non-Performing Assets of the Company or such Banking Subsidiary on a consolidated basis, as the case may be, to (b) the sum of (i) stockholdersshareholders' equity for the Company or core capital for such Banking Subsidiary, as the case may be, plus (ii) loan loss reserves established by the Company or such Banking Subsidiary, as the case may be, on a consolidated basis in accordance with regulatory accounting principles applicable to the Company or such Banking Subsidiary, of not more than .25 to 1.0.