Loans receivable. The fair values of fixed-rate one-to-four family residential mortgage loans are based on quoted market prices of similar loans sold in conjunction with securitization transactions. The fair values for other fixed and adjustable rate mortgage loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms and collateral to borrowers of similar credit quality.
Loans receivable means promissory notes held by the Borrower or any Subsidiary which promissory notes (i) are secured by a mortgage or other similar Lien on real property and related improvements and (ii) are not subject to any Lien.
Loans receivable. All quoted terms used in the preceding sentence shall have the same meanings, and shall continue to be calculated and classified in the same manner, as the terms used in the statement of financial condition of DFC and its consolidated Subsidiaries referred to in Section 4.4(a).
Examples of Loans receivable in a sentence
SIGNIFICANT ACCOUNTING POLICIES, continued: LOANS RECEIVABLE, LOAN PARTICIPATIONS AND ALLOWANCE FOR DOUBTFUL LOANSLoans receivable are stated at their principal amount outstanding less the related allowance for doubtful loans and are generally collateralized by buildings and land.
LOANS RECEIVABLE, NET, continued:An analysis of the allowance for doubtful loans is as follows: The Fund evaluates loans for impairment on an individual basis if the loan is more than 90 days delinquent.
LOANS RECEIVABLE AND ALLOWANCE FOR DOUBTFUL ACCOUNTSLoans receivable represent monies loaned to microfinance organizations in developing countries for the purpose of lending monies to individuals and business owners.
LOANS RECEIVABLE Loans receivable consist of loans made to local governments through a loan agreement.
LOANS RECEIVABLE FROM AFFILIATESRelated party transactions are conducted in the normal course of business and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.
More Definitions of Loans receivable
Loans receivable. The fair value for fixed and adjustable rate mortgage loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms and collateral to borrowers of similar credit quality.
Loans receivable means all Loans Receivable as of the Closing Date. The Loans Receivable shall be listed and valued as of the close of business on the day preceding the Closing Date on a schedules.
Loans receivable. The loan portfolio has been segregated into categories with similar characteristics, such as one- to four-family residential, multi-family residential and nonresidential real estate. These loan categories were further delineated into fixed-rate and adjustable-rate loans. The fair values for the resultant loan categories were computed via discounted cash flow analysis, using current interest rates offered for loans with similar terms to borrowers of similar credit quality. For loans on deposit accounts and consumer and other loans, fair values were deemed to equal the historic carrying values. The historical carrying amount of accrued interest on loans is deemed to approximate fair value.
Loans receivable. The loan portfolio has been segregated into ---------------- categories with similar characteristics, such as one-to-four family residential, multi-family residential and nonresidential real estate. These loan categories were further delineated into fixed-rate and adjustable-rate loans. The fair values for the resultant loan categories were computed via discounted cash flow analysis, using current interest rates offered for loans with similar terms to borrowers of similar credit quality. For loans on deposit accounts and consumer and other loans, fair values were deemed to equal the historic carrying values. The historical carrying amount of accrued interest on loans is deemed to approximate fair value.
Loans receivable. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at their outstanding unpaid principal balances, net of unearned discount and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Unearned discount on discounted loans is amortized to income over the life of the loans, using the interest method.
Loans receivable. Single-family 1-4 units(2)(3)................ $ 7,580 54.2% $ 5,516 $ 1,230 $424 $410 Multi-family and non-resi- dential(2)(3).............. 3,310 23.7 3,037 119 78 76 Other(3).................... 84 0.6 57 25 2 -- Mortgage-backed securi- ties(2)(3)................... 2,205 15.8 1,749 357 57 42 Investment securities(4)...... 452 3.2 452 -- -- -- Other assets(5)............... 346 2.5 193 -- -- 153 ------- ----- ------- ------- ---- ---- Total interest-earning as- sets..................... 13,977 100.0% 11,004 1,731 561 681 ===== ------- ------- ---- ---- Non-interest-earning assets.... 480 ------- Total assets................... $14,457 ======= Interest-bearing Liabilities: Deposits: Checking/NOW accounts(6).... 779 5.8% 133 339 186 121 Passbook accounts(6)........ 493 3.7 69 192 123 109 Money-market accounts(6).... 1,719 12.9 550 919 214 36 Certificate accounts(4)..... 5,733 43.0 4,508 1,224 1 -- Borrowings: FHLB(4)..................... 3,838 28.8 1,938 1,900 -- -- Other(4).................... 769 5.8 758 11 -- -- ------- ----- ------- ------- ---- ---- Total interest-bearing liabili- ties.......................... 13,331 100.0% 7,956 4,585 524 266 ===== ------- ------- ---- ---- Non-interest-bearing liabili- ties.......................... 168 ------- Total liabilities.............. 13,499 Stockholders' equity...........
Loans receivable means loans receivable owing to the Borrower or any Subsidiary which are not subject to any Lien.