Bancshares Financial Statements definition

Bancshares Financial Statements means, collectively, the Audited Bancshares Financials and the Interim Bancshares Financials.

Bancshares Financial Statements shall have the meaning given to such term in Section 4.10(a) hereof.

Bancshares Financial Statements means the audited consolidated financial statements (balance sheets, statements of income, statements of cash flow and statements of changes in financial position) and notes thereto of Bancshares and the related opinions thereon for the years ended December 31, 2003, 2004 and 2005 and the unaudited consolidated statements of financial condition and statements of operations and cash flow of Bancshares for the nine months ended September 30, 2006.

Examples of Bancshares Financial Statements in a sentence

• The allowance for loan losses reflected on the Vision Bancshares Financial Statements was, as of each respective date, determined in accordance with GAAP and in accordance with all rules and regulations applicable to Vision Bancshares and its Subsidiaries and was, as of the respective date thereof, adequate in all material respects under the requirements of GAAP and applicable regulatory requirements and guidelines to provide for reasonably anticipated losses on outstanding Loans, net of recoveries.

• The allowance for loan losses reflected in the Northwest Bancshares Financial Statements as of September 30, 2019 was, and the allowance for loan losses reflected in the Northwest Bancshares Regulatory Reports for periods ending after September 30, 2019 were or will be, adequate, as of the dates thereof, under GAAP in all material respects.

• Vision Bancshares and its Subsidiaries have paid and discharged all Taxes due (whether reflected on such Tax Returns or otherwise), other than such Taxes that are adequately reserved as shown on the Vision Bancshares Financial Statements or have arisen in the ordinary course of business since June 30, 2006.

• Except as Previously Disclosed in the Vision Bancshares Disclosure Schedule, neither Vision Bancshares nor any of its Subsidiaries has any liability (whether accrued, absolute, contingent or otherwise) that is material to Vision Bancshares on a consolidated basis, or that, when combined with all liabilities as to similar matters would be material to Vision Bancshares on a consolidated basis, except as disclosed in the Vision Bancshares Financial Statements.

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• Except as set forth in Section 4.14.4 of the Connecticut Bancshares Disclosure Schedule, neither Connecticut Bancshares nor any Connecticut Bancshares Subsidiary has any current liability under any such plan that was required to be reflected as a liability on the Financial Statements as of December 31, 2002 under GAAP, which was not reflected on the consolidated statement of financial condition of Connecticut Bancshares at December 31, 2002 included in the Connecticut Bancshares Financial Statements.

• The allowance for loan losses reflected in the Northwest Bancshares Financial Statements as of September 30, 2014 was, and the allowance for loan losses reflected in the Northwest Bancshares Financial Statements for periods ending after September 30, 2014 were or will be, adequate, as of the dates thereof, under GAAP in all material respects.

• The accruals and reserves for Taxes reflected in the Vision Bancshares Financial Statements are adequate for the periods covered.

• Schedule 4.13 to the Bancshares Disclosure Schedule includes copies of all attorney responses to auditor letters provided in connection with the Bancshares Financial Statements.

• The Bancshares Financial Statements were prepared in accordance with generally accepted accounting principles consistently applied.