Reserve for Possible Loan Losses. The reserve for possible loan losses shown on the consolidated balance sheet of Wesbanco and its subsidiaries as of December 31, 1999, and the interim period ending September 30, 2000, delivered pursuant to this Agreement are adequate in all material respects as of the respective dates thereof.
Reserve for Possible Loan Losses. The reserve for possible loan losses shown on the consolidated balance sheets of American and its Subsidiary as of December 31, 1999, and the interim period ending September 30, 2000, delivered pursuant to this Agreement, which financial statements are attached to the American Disclosure Schedule, are adequate in all material respects as of the respective dates thereof.
Reserve for Possible Loan Losses. The reserve for possible loan losses of the Bank as reflected in the Bank’s Call Report for the period ended September 30, 2004 has been calculated in accordance with GAAP as applied to banking institutions and in accordance with all applicable rules and regulations. Such reserve shown on the Bank’s Call Report for the period ended September 30, 2004 is, in the opinion of the Bank’s management, adequate in all respects to provide for all losses, net of recoveries relating to loans previously charged off, on loans outstanding as of that date. At the Effective Time, no material facts relevant to the adequacy of such reserves as of that date shall have been withheld from FBC. Except as disclosed in Schedule 4.15, there are no loans of the Bank that have been classified by bank examiners on the Bank’s most recent examination report as “Other Assets Specially Mentioned,” “Substandard,” “Doubtful” or “Loss.”
Reserve for Possible Loan Losses. The reserve for possible loan losses of the Bank as reflected in the Bank’s Call Report for the period ended December 31, 2005 has been calculated in accordance with GAAP as applied to banking institutions. Such reserve shown on the Bank’s Call Report for the period ended December 31, 2005 is adequate in all respects to provide for all losses, net of recoveries relating to loans previously charged off, on loans outstanding as of that date. Except as disclosed in Schedule 3.14, there are no loans of the Bank that have been classified by bank examiners on the Bank’s most recent examination report as “Other Assets Specially Mentioned,” “Substandard”, “Doubtful” or “Loss.”
Reserve for Possible Loan Losses. The reserve for possible loan losses shown on the consolidated balance sheets of Commercial and its Subsidiaries as of December 31, 1996, and June 30, 1997, delivered pursuant to this Agreement is adequate in all material respects as of the respective dates thereof.
Reserve for Possible Loan Losses. The reserve for possible loan losses shown on the consolidated balance sheet of One Valley as of December 31, 1996, and shown on the unaudited balance sheet of One Valley dated September 30, 1997, is adequate as of the dates thereof. The reserve for possible loan losses to be shown on the consolidated balance sheet of One Valley as of December 31, 1997, and future periods, if any, will be adequate as of the dates thereof.
Reserve for Possible Loan Losses. The reserve for possible loan losses as shown on the TexStar Financial Statements is adequate in all material respects to provide for all losses, net of recoveries relating to loans previously charged-off, on loans outstanding.
Reserve for Possible Loan Losses. The reserve for possible loan losses shown on the consolidated balance sheet of Smithfield as of December 31, 2005, are adequate as of the dates thereof. The reserve for possible loan losses to be shown on the consolidated balance sheet of Smithfield as of future periods, if any, will be adequate as of the dates thereof.
Reserve for Possible Loan Losses. The reserve for possible loan losses of the Bank as reflected in the Bank Financial Statements as of and for the period ended September 30, 2006 was, and the reserve for possible loan losses shown on the Bank Financial Statements as of any date subsequent to the execution of this Agreement will be, calculated in accordance with GAAP as applied to banking institutions and in accordance with all applicable rules and regulations. Such reserve shown on the Bank Financial Statements as of and for the period ended September 30, 2006 is, and the reserve for possible loan losses shown on the Bank Financial Statements as of any date subsequent to the execution of this Agreement will be, in the opinion of the Bank’s management, adequate in all respects to provide for all losses, net of recoveries relating to loans previously charged off, on loans outstanding as of that date. At the Effective Time, no material facts relevant to the adequacy of such reserves as of that date shall have been withheld from FBC. Except as disclosed in Schedule 4.15, there are no loans of the Bank that have been classified by bank examiners on the Bank’s most recent examination report as “Other Assets Specially Mentioned,” “Substandard,” “Doubtful” or “Loss.”
Reserve for Possible Loan Losses. The reserves for possible loan losses shown on the balance sheet of the Bank as of December 31, 2004, and June 30, 2005, are adequate as of the dates thereof. The reserve for possible loan losses to be shown on the balance sheet of the Bank as of future periods, if any, will be adequate as of the dates thereof.
