Tangible Primary Capital definition

Tangible Primary Capital has the meaning ascribed to such term in Section 7.3.

Tangible Primary Capital means total common stockholders’ equity, plus Loan Loss Reserves minus intangible assets.

Tangible Primary Capital means, on a consolidated basis, the total amount of (i) the capital stock, plus (ii) the surplus, plus (iii) the undivided profits, plus (iv) the Allowance for Loan Losses (as defined in Section 7.4), plus (v) capital qualified notes and debentures (to the extent such instruments qualify as capital in accordance with the rules, regulations and applicable guidance of the applicable primary federal regulator) minus (vi) all intangibles.

Examples of Tangible Primary Capital in a sentence

• The Borrower will not permit the ratio of Non-Performing Assets to Tangible Primary Capital of any of the Subsidiary Bank(s) (expressed as a percentage) to be greater than 20% as of the last day of any fiscal quarter.

• The Borrower will not permit the ratio of Non-Performing Assets of any Subsidiary Bank plus OREO owned by any Subsidiary of the Borrower formed to purchase OREO from such Subsidiary Bank to Tangible Primary Capital of any Subsidiary Bank (expressed as a percentage), as of the last day of each fiscal quarter ending on or after September 30, 2017, to be greater than 18.00%.

• Borrower (on a consolidated basis) shall, and shall cause Subsidiary Bank to, maintain, as of the last day of each fiscal quarter of Borrower, a ratio of Nonperforming Assets to Tangible Primary Capital (Nonperforming Assets divided by Tangible Primary Capital) of not more than 20%.

• Borrower (on a consolidated basis) shall Borrower to maintain, as of the last day of each fiscal quarter of Borrower, a ratio of Nonperforming Assets to Tangible Primary Capital (Nonperforming Assets divided by Tangible Primary Capital) of not more than 23%.

• The Borrower will not permit the ratio of Non-Performing Assets to Tangible Primary Capital of any Subsidiary Bank, (expressed as a percentage), as of the last day of each fiscal quarter ending on or after March 31, 2019, to be greater than 15.00%.

More Definitions of Tangible Primary Capital

Tangible Primary Capital means, with respect to any Person, (a) equity plus (b) Loan Loss Reserves minus (c) intangible assets (as set forth on Schedule RC of the call report for such Person). For the avoidance of doubt, mortgage servicing rights shall be considered intangible assets and shall not be included as part of Tangible Primary Capital.

Tangible Primary Capital means, as reported by Borrower in its quarterly filing with the applicable primary federal regulator, the total amount of (A) the equity capital, plus (B) the Allowance for Loan Losses, minus (C) all intangibles and (iii) “Allowance for Loan Losses” shall mean the amount of such balance sheet account of Borrower which, in all cases, shall be derived from the quarterly reports filed with the applicable primary federal regulator and shall be consistent with the financial information and reports contemplated in Section 6 hereof.

Tangible Primary Capital means the sum of common equity, reserve for loan losses and perpetual preferred stock, less goodwill and other intangible assets.

Tangible Primary Capital means, as reported by the Subsidiary Bank on Schedule RC of its quarterly filing with the applicable primary federal regulator, the total amount of (A) the total equity capital, plus (B) the Allowance for Loan Losses, plus, (C) without duplication, mortgage servicing rights, minus (D) all intangibles and (iii) “Allowance for Loan Losses” shall mean the amount of such balance sheet account of the Subsidiary Bank which, in all cases, shall be derived from the quarterly reports filed with the applicable primary federal regulator and shall be consistent with the financial information and reports contemplated in Section 6 hereof.” 1.10 Reserves to Nonperforming Loans (Section 7.4

Tangible Primary Capital. With respect to any Person, as of any date of determination, the sum of (a) preferred stock, plus (b) common stock, plus (c) surplus, plus (d) retained earnings, plus (e) Loan Loss Reserves, (which shall be considered a positive amount for purposes of this calculation), plus (f) proceeds from capital qualified notes and debentures (to the extent such instruments qualify as Tier 1 or Tier 2 capital in accordance with Risk-Based Capital Guidelines), minus (g) goodwill and other intangible assets, in each case determined in accordance with GAAP and applicable Regulatory Reporting Principles. For purposes of clarity, Tangible Primary Capital shall not include any amount of Accumulated Other Comprehensive Income (as such term is defined in accordance with GAAP), whether such amount is positive or negative.

Tangible Primary Capital means, as reported by the applicable depository institution Subsidiary on Schedule RC-R of its quarterly filing with the applicable primary federal regulator, the total amount of (A) the equity capital, plus (B) the Allowance for Loan Losses, plus, (C) without duplication, mortgage servicing rights, minus (D) all intangibles and (iii) “Allowance for Loan Losses” shall mean the amount of such balance sheet account of the applicable depository institution Subsidiary which, in all cases, shall be derived from the quarterly reports filed with the applicable primary federal regulator and shall be consistent with the financial information and reports contemplated in Section 6 hereof.

Tangible Primary Capital means the difference of (i) the sum of perpetual preferred stock, common stock, surplus, undivided profits, capital reserves and allowance for loan and lease losses, less (ii) the sum of the net unrealized gains (and losses) on Available-for-Sale securities, goodwill and other intangible assets as disclosed in the Bank's Call Reports (as defined in Section 11B below)