non-accrual definition
non-accrual means that a credit facility has been placed on a cash basis for accounting and financial reporting purposes, and interest earned or due but unpaid is not credited to interest income but instead credited to interest in suspense;
non-accrual. – means that accrual of interest has been suspended and an asset has been placed on a cash basis for financial reporting purposes. Interest is no longer accrued on the books of the bank nor is it taken into income unless paid by the borrower in cash or otherwise provided in this regulation. Non-accrual assets include all assets which are non-performing unless an asset is both (i) well-secured and (ii) in the process of collection.
non-accrual means any loan delinquent for 90 days or more as to the payment of interest and/or principal.
More Definitions of non-accrual
non-accrual. – means that accrual of interest has been suspended and an asset has been placed on a cash basis for financial reporting purposes. Interest is no longer accrued on the books of the bank nor taken into income unless the borrower has paid the full amount of outstanding and unpaid interest in cash. Non-accrual assets include all assets which are non-performing (as defined below) unless an asset is both (i) well- secured and (ii) in the process of collection.
non-accrual. – means that accrual of interest has been suspended and an asset has been placed on a cash basis for financial reporting purposes. Interest is no longer taken into income unless paid by the borrower in cash.
non-accrual means that a credit facility has been placed on a cash basis for accounting and financial reporting purposes, thus profit earned or due but unpaid is not credited to profit, but instead to profit in suspense.
non-accrual. - means that accrual of interest has been suspended and an asset has been placed on a cash basis for financial reporting purposes. Interest is no longer taken into income unless paid by the borrower in cash. Non-accrual assets include all assets which are non-performing unless an asset is both (i) well-secured and (ii) in the process of collection.
non-accrual or "special mention" (or words of similar import) by the Company, a Company Subsidiary or an applicable regulatory authority (it being understood that no representation is being made that the FDIC, the OCC or the Maine Superintendent would agree with the loan classifications established by the Company); (C) a listing of the OREO acquired by foreclosure or by deed-in-lieu thereof, including the book value thereof; and (D) each Loan with any director, executive officer or five percent or greater shareholder of the Company or a Company Subsidiary, or to the best knowledge of the Company, any Person controlling, controlled by or under common control with any of the foregoing.