Bank Financial Statements definition

Bank Financial Statements means the Bank’s (a) unaudited balance sheets as of December 31, 2018, 2019, and 2020, and the related statements of income, cash flows and changes in shareholder’s equity for each of the years then ended, and (b) unaudited balance sheet as of March 31, 2021, and the related unaudited statement of income, together with the Subsequent Bank Financial Statements.

Bank Financial Statements has the meaning set forth in Section 5.02(g).

Bank Financial Statements shall have the meaning set forth in Section 3.05(a).

Examples of Bank Financial Statements in a sentence

• The Bank owns its property and assets, including without limitation the property and assets reflected in the Bank Financial Statements, free and clear of all mortgages, liens, loans and encumbrances, except such encumbrances and liens that arise in the ordinary course of business and do not materially impair the Bank’s ownership or use of such property or assets.

• The ALLL reflected in the First Bank Financial Statements was, as of the date of each of the First Bank Financial Statements, in the opinion of management of First Bank, (i) in compliance in all material respects with First Bank’s existing methodology for determining the adequacy of its ALLL and (ii) in compliance in all material respects with the standards established by the applicable Regulatory Authority, the Financial Accounting Standards Board and GAAP.

• The Subsequent Bank Financial Statements will not include any material assets or omit to state any material liabilities, absolute or contingent, or other facts, which inclusion or omission would render such Subsequent Bank Financial Statements misleading in any material respect.

• The Audited Bank Financial Statements (including the related notes) will fairly present the financial position of the Bank and the results of its operations at the dates and for the periods indicated in conformity with GAAP.

• Each of the audited Minority Bank Financial Statements has been certified by the Minority Bank’s independent auditor, who has expressed an unqualified opinion on such Minority Bank Financial Statements, and each of the Minority Bank Interim Financial Statements has been certified by the Minority Bank’s chief executive officer and principal accounting officer.

More Definitions of Bank Financial Statements

Bank Financial Statements means (i) the consolidated quarterly report of condition of the Bank as filed with the Bank’s regulators as of any fiscal quarter end of the Bank, and (ii) interim calendar month-end financial statements of the Bank and its Subsidiaries, stated in the Bank’s customary format as of each interim calendar month end.

Bank Financial Statements means the financial information included in filings (including Call Reports) made by the Bank with any Regulatory Authority (including related notes and schedules, if any) related to the Bank’s financial condition or results of operation (i) as of September 30, 2007, June 30, 2007; December 31, 2006; and December 31, 2005; (ii) for the years ended December 31, 2006, and December 31, 2005; and (iii) for the nine (9) month period ended September 30, 2007.

Bank Financial Statements has the meaning set forth in Section 4.08.

Bank Financial Statements means the consolidated financial statements of the Bank and its consolidated subsidiaries for each of the last three completed fiscal years of the Bank (which shall be audited to the extent audited financial statements are available) and each completed quarterly period since the last completed fiscal year, required to be delivered to Investor pursuant to the CPP Securities Purchase Agreement.

Bank Financial Statements means (i) the audited balance sheets of Bank as of December 31, 2008 and December 31, 2007 and the related audited statements of income, stockholders’ equity and cash flows of Bank for the period ended December 31, 2008 and for the period from January 17, 2007 (the date of inception) to December 31, 2007 (including related notes and schedules, if any) and (ii) the Consolidated Reports of Condition and Income of Bank as reported on FFIEC Form 041 as of, and for each of the three (3) months ended, March 31, 2009, June 30, 2009 and September 30, 2009 (including related schedules).

Bank Financial Statements means the Bank’s (i) Consolidated Reports of Condition and Income for the year ended December 31, 2020, together with the related schedules thereto (as amended), (ii) Consolidated Report of Income and Condition for the six months ended June 30, 2021, together with the related schedules thereto (as amended), and (iii) the “Bank Additional Call Report” as described in Section 6.5(e).

Bank Financial Statements means (i) the financial statements referred to in Section 3.7(b) hereof, and (ii) the balance sheets of Bank (including related notes and schedules, if any), and the statements of income, changes in stockholders' equity and cash flows (including related notes and schedules, if any) of Bank with respect to the quarterly and annual periods ended subsequent to September 30, 2000 and delivered to R&G pursuant to Section