Classified Assets definition

Classified Assets. An asset classified as “Substandard,” “Doubtful,” “Loss” or a similar category in accordance with the then-current regulations of the Applicable Bank Regulatory Authority.

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Classified Assets shall have the meaning given to such term in Section 6.1.15.

Classified Assets means the Credit Exposure for all assets with a Regulatory Rating of Substandard or worse, as determined by the Company under the Regulatory Credit Classifications process. “Credit Exposure” shall mean the sum of the book balance of loans and capital leases, any off balance sheet exposure, unused commitments to extend credit, scheduled lease term depreciation for operating leases, the carrying value of any equity investments and the carrying value of repossessed assets or off lease equipment.

Examples of Classified Assets in a sentence

Eldorado will keep CSBI fully informed of the status of, and the action proposed to be taken with respect to, Classified Assets that, in combination with all related Borrower Group Obligations, have an aggregate carry value of $100,000 or more.
As of the last day of any fiscal quarter, the Bank shall have a Classified Assets to Tier 1 Capital Ratio of no greater than 50.0%.
As of the Most Recent Balance Sheet Date, Eldorado's specific allowance for loan losses with regard to Classified Assets was $4,839,000.
As of the last day of any fiscal quarter, the Bank shall have a Classified Assets to Tier 1 Capital Ratio of no greater than 50%.
Classified Assets to Tier 1 Capital Ratio of no greater than 50% tested quarterly Calculation: Classified Assets to Tier 1 Capital Ratio of for period ending .

More Definitions of Classified Assets

Classified Assets means, at any particular time, all assets of Bank classified as “Loss,” “Doubtful,” or “Substandard” or in any equivalent category by Bank or any governmental or regulatory authority.

Classified Assets means all Classified Loans, plus OREO and other repossessed assets.

Classified Assets means, as of September 30, 2016, all of the Classified Loans, plus OREO and other repossessed assets.

Classified Assets means loans or other assets characterized as “Special Mention”, “Substandard”, “Doubtful”, “Loss” or words of similar import and “Other Real Estate Owned”, all as reflected in the books and records of Seller, prepared in a manner consistent with past practice, with the preparation of the Seller Financial Statements and with Seller’s written policies in effect as of the date of this Agreement; and three calendar days before the Closing Date, Seller shall provide Buyer with a schedule reporting Classified Assets, including “Other Real Estate Owned”, as of such time.

Classified Assets means, at any particular time, all assets of IBG or Bank classified as “Loss,” “Doubtful,” or “Substandard” or in any equivalent category by IBG, Bank, or any governmental or regulatory authority.

Classified Assets means all of the Loans of Malvern and its Subsidiaries that, as of September 30, 2022, had an outstanding balance of $50,000 or more and were classified by Malvern as substandard, doubtful, loss or OREO as reported by ▇▇▇▇▇▇▇ in the Malvern SEC Reports.

Classified Assets means all OREO and all loans which have been classified as “substandard,” “doubtful,” or “loss” (or words of similar import) by the Bank, or an applicable Regulatory Authority.