Return on Average Assets. Borrower’s consolidated net income shall be at least eighty-five hundredths of one percent (0.85%) of its average assets, calculated on an annualized basis as at the last day of each fiscal quarter of Borrower; provided, however, that for purposes of determining return on average assets, customary and reasonable, non-recurring expenses and charges incurred by Borrower in connection with a permitted acquisition under Sections 5.1 and 5.6 hereof shall be excluded.
Return on Average Assets. Bank shall maintain an annualized return on Average Assets of at least .40% percent as of each Covenant Compliance Date until September 30, 2017, increasing to at least .45% as of each Covenant Compliance Date until September 30, 2018, and increasing to at least .50% as of each Covenant Compliance Date thereafter. In determining such annualized return, Bank’s earnings will be annualized using its year to date earnings.
Return on Average Assets. Bank shall maintain an annualized return on Average Assets of at least forty one hundredths of one percent (0.40%) as reported quarterly on an annualized basis for the quarters ending through and including December 31, 2010 and at least fifty one hundredths of one percent (.50%) as reported quarterly on an annualized basis for periods ending after December 31, 2010. For purposes of this covenant “total average assets” shall be deemed to mean the year-to-date average of total assets of Bank.
Return on Average Assets. The Borrower shall not permit the Bank’s annual Return on Average Assets to at any time be less than one percent (1.0%).”
Return on Average Assets. Bank shall maintain a return on Average Assets of at least 50/100 percent (0.50%) as of each Covenant Compliance Date. In determining such return, Bank’s earnings will be calculated using the prior four (4) fiscal quarters then ended on a rolling basis.
Return on Average Assets. The Borrower on a consolidated basis will have at the end of each Fiscal Quarter a Return on Average Assets for such Fiscal Quarter and the previous three Fiscal Quarters of not less than an average of 0.90%, determined by taking the sum of the Return on Average Assets (adjusted for special restructuring or exceptional charges but excluding any special charges with respect to additional loan loss reserves or other loan quality deterioration) for each such Fiscal Quarter (as such figure is disclosed in the Borrower’s consolidated financial statements that are submitted to the Securities and Exchange Commission on Forms 10-K or 10-Q), divided by four (4).
Return on Average Assets. Each Financial Institution Subsidiary will not permit at the end of each Fiscal Quarter its Return on Average Assets to be less than the following:
Return on Average Assets. The Borrower will maintain as at the last day of each fiscal quarter a Return on Average Assets of not less than .25 to 1.0.
Return on Average Assets. The Borrower will have, as of the end of each Fiscal Quarter, a Return on Average Assets for such Fiscal Quarter of not less than 0.60%.
Return on Average Assets. The Company and its Subsidiaries shall maintain as of the last day of each fiscal quarter a consolidated return on average assets (excluding non-recurring charges to expense), as defined by regulatory agencies having jurisdiction over the Company and its Subsidiaries or in guidelines published by the FRB or other applicable regulatory agency, in an amount not less than 0.75% for the two just-ended consecutive fiscal quarters.
