PROBLEM LOAN IDENTIFICATION. (1) Within sixty (60) days of the date of this Agreement, the Board shall establish an effective problem loan identification program that provides for early identification of emerging and potential problem credits, along with a formal plan to proactively manage these assets. This includes, but is not limited to:
PROBLEM LOAN IDENTIFICATION. (1) Within thirty (30) days, the Board shall review, revise, and thereafter ensure Bank adherence to a program to ensure lending officers identify in a timely and accurate manner nonaccrual loans and loans rated "Special Mention", "Substandard", "Doubtful", and "Loss." An acceptable program shall include:
PROBLEM LOAN IDENTIFICATION. (1) Within forty-five (45) 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:
PROBLEM LOAN IDENTIFICATION. (1) The Board shall within ninety (90) days employ or designate a sufficiently experienced and qualified person(s) or firm to ensure the timely and independent identification of problem loans and leases.
PROBLEM LOAN IDENTIFICATION. (1) Within ninety (90) days, the Board shall:
PROBLEM LOAN IDENTIFICATION. (1) By March 31, 2020, the Board shall develop a program to ensure that the risk associated with the Bank’s loans and other assets is properly reflected and accounted for on the Bank’s books and records and to ensure that the Bank does not improperly recognize income. This program shall include, at a minimum, provisions to:
PROBLEM LOAN IDENTIFICATION. (1) Within ninety (90) days, the Bank shall have in place appropriate policies and procedures designed to ensure that the Bank’s internal risk ratings, as assigned by responsible loan officers and the independent loan review, are timely, accurate and consistent with the regulatory classifications of credit criteria set forth in the Rating Credit Risk Booklet of the Comptroller’s Handbook.
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 to review, at least quarterly, 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 bank’s loan review system shall provide for a written report to be filed with the Board or a designated committee after each review and shall use a loan and lease grading system consistent with the guidelines set forth in “Rating Credit Risk” and “Allowance for Loan and Lease Losses” booklets of the Comptroller’s Handbook. Such reports shall include, at a minimum, conclusions and comments regarding:
