Other Loans Especially Mentioned definition
Other Loans Especially Mentioned. Special Mention," "Criticized," "Credit Risk Assets," "Concerned Loans" or by words of similar import.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by it or its subsidiaries prior to the date hereof.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts that were charged off by BFS or its subsidiaries prior to the date hereof; and no such Loans as of September 30, 1996 that have been or, to its knowledge, should have been classified as "non-accrual", "restructured", "90 days past due", "still accruing and doubtful of collection" or any comparable classification are excluded from the amounts disclosed in the Asset Classification. For purposes of this Agreement, the term "Loans" shall mean loans, leases, ----- extensions of credit, commitments to extend credit and other assets.
Examples of Other Loans Especially Mentioned in a sentence
In addition to the D-rating, the Borrower receives a loan quality classification: good, OLEM (Other Loans Especially Mentioned), substandard, doubtful and loss.
Except as disclosed to PACIFIC in the BANCORP Disclosure Statement, there are no loans presently owned by BANCORP that have been classified by any BANCORP examiner, outside loan reviewer, accountant or the management of BANCORP as "Other Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off.
There are no loans presently owned by KSB that have been classified by any bank examiner, outside loan reviewer, accountant or management as "Other Loans Especially Mentioned," "Substandard," "Doubtful," or "Loss" or classified using categories with similar import and all loans or portions thereof classified "Loss" have been charged off.
First Peer Western Group 1991 0.66 2.49 1992 1.36 2.19 1993 0.88 1.39 1994 0.48 0.98 1995 0.74 1.03 ALLOWANCE FOR POSSIBLE LOAN LOSSES AS A PERCENT OF NONPERFORMING LOANS First Peer Western Group 1991 197 125 1992 111 161 1993 155 214 1994 273 235 1995 186 224 In addition to its classified account list and delinquency list of loans, First Western maintains a separate list of "Other Loans Especially Mentioned" ("OLEM") which further aids First Western in monitoring its loan portfolio.
Grades 1-7 are performing, Grade 8 is Other Loans Especially Mentioned (OLEM) and Grades 9-11 are non–performing each with a rating description.
More Definitions of Other Loans Especially Mentioned
Other Loans Especially Mentioned. Substandard," "Doubtful," "Loss," or words of similar import in the case of loans (or that would have been so classified in the case of other assets, had they been loans) and the placement of any interest-bearing asset on a watch list whether by said persons or entities; or
Other Loans Especially Mentioned. Special Mention," "Substandard," "Doubtful" or "Loss" or internally classified in a similar or comparable category. Except as specifically disclosed in Schedule I, as of September 30, 1997, there are no consumer loans that are delinquent more than thirty (30) days as to payment of principal and interest. Except as specifically disclosed in Schedule I, as of September 30, 1997, the reserve for loan losses in Lewistown's September 30, 1997 Balance Sheet is adequate under the requirements of generally accepted accounting principles and standard banking practice to provide for possible losses on outstanding loans, net of recoveries. Except as disclosed in Schedule I, there are no loans or loan commitments outstanding to executive officers or directors of Lewistown, including their immediate families and entities with which they are associated. All such loans and commitments to loan were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than the normal risk of collectibility or present other unfavorable features and, except as disclosed in Schedule I, none of such loans and commitments to related parties disclosed in said Audited Financial Statements or in writing to Juniata are delinquent in payment of principal or interest.
Other Loans Especially Mentioned. Substandard," "Doubtful," or "Loss" or classified using categories with similar import. All such assets or portions thereof classified "Loss" have been charged off on a timely basis in full, collected or otherwise placed in a bankable condition. WABC regularly reviews and appropriately classifies its and the WABC Subsidiaries' loans and other assets in accordance with all applicable legal and regulatory requirements and GAAP. WABC has Previously Disclosed to ValliCorp the amounts and identities of all OREO that have been classified as of the date hereof or hereafter (with respect to subsequent occurrences) by WABC's independent auditor, any outside reviewer, management or any bank regulatory agency. As of the date hereof and the last day of the month preceding the month during which the Effective Date occurs, the recorded values of all OREO on the books of WABC and the WABC Subsidiaries do or will accurately reflect the net realizable values of each OREO parcel thereof in compliance with
Other Loans Especially Mentioned. Substandard," "Doubtful," or "Loss" or classified using categories with similar import. All such assets or portions thereof classified "Loss" have been charged off on a timely basis in full, collected or otherwise placed in a bankable condition. WABC regularly reviews and appropriately classifies its and the WABC Subsidiaries' loans and other assets in accordance with all applicable legal and regulatory requirements and GAAP. WABC has Previously Disclosed to ValliCorp the amounts and identities of all OREO that have been classified as of the date hereof or hereafter (with respect to subsequent occurrences) by WABC's independent auditor, any outside reviewer, management or any bank regulatory agency. As of the date hereof and the last day of the month preceding the month during which the Effective Date occurs, the recorded values of all OREO on the books of WABC and the WABC Subsidiaries do or will accurately reflect the net realizable values of each OREO parcel thereof in compliance with GAAP and RAP. WABC and the WABC Subsidiaries have recorded on a timely basis all expenses associated with or incidental to its OREO including but not limited to taxes, maintenance and repairs as required by GAAP and RAP.
Other Loans Especially Mentioned or "Special Mention," or (c) "Credit Risk Assets," "Concerned Loans," "Watch List" or words of similar import, in each case together with the principal amount of and accrued and unpaid interest on each of such Loans and the identity of the borrower thereunder; together with the aggregate principal amount of and accrued and unpaid interest on all such Loans by category. The Company shall promptly inform Acquiror of any Loans that become classified in the manner described in the previous sentence, or any Loans the classification of which is changed at any time after the date of this Agreement. The Company and its Subsidiaries have internally classified, in the manner described above, all Loans that any auditor or government examiner has criticized or classified, and the internal classification of such Loans is at least as strict as the criticism or classification thereof by an auditor or government examiner.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss", or words of similar import in the case of loans (or that would have been so classified, in the case of other assets, had they been loans). Notwithstanding the above, Redwood Empire shall be under no obligation to disclose to Westamerica any such classification by any bank regulatory agency where such disclosure would violate any obligation of confidentiality of Redwood Empire imposed by such bank regulatory agency.
Other Loans Especially Mentioned. Substandard", "Doubtful", "Loss" or words of similar import are excluded from the amounts disclosed in the Asset Classification, other than amounts of loans, extensions of credit or other assets that were charged off by Financiero prior to the date hereof. Except as set forth on SCHEDULE 3.4(b), as of June 30, 2002, there are no loans, leases, other extensions of credit or commitments to extend credit by Financiero that have been or, to Financiero's knowledge, should have been classified as non-accrual, as restructured, as 90 days past due, as still accruing and doubtful of collection or any comparable classification.