|
Risk Management Manual of Examination Policies
Section 17.1 - Bank of Anytown-Report of Examination
| Items Subject To Adverse Classification |
99999 |
Includes assets and off-balance sheet items which are detailed in the following categories:
Substandard Assets - A Substandard asset is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.
Doubtful Assets - An asset classified Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.
Loss Assets - An asset classified Loss is considered uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. |
| AMOUNT, DESCRIPTION AND COMMENTS |
CATEGORY |
Substandard |
Doubtful |
Loss |
| LOANS |
290 |
290 |
|
|
AMHILL, MARC |
|
|
|
340 |
200 |
140 |
|
BOND, JAMES |
|
|
|
1,250 |
750 |
|
500 |
IMA DEADBEAT, LTD |
|
|
|
750 |
750 |
|
|
KRINGLE, CHRISTOPHER |
|
|
|
Gty: Eight Tiny Reindeer |
|
|
|
865 |
500 |
|
365 |
LAST CHANCE MOTEL, INC. |
|
|
|
275 |
250 |
|
25 |
RABBIT, PETER |
|
|
|
1,750 |
1,550 |
|
|
8 LOANS LESS THAN $250,001 |
|
|
|
TOTAL ADVERSELY CLASSIFIED LOANS |
4,290 |
140 |
890 |
Genesys provides 10 separate Data Display Types (DDT's) that can be used to display the classification of loans. Use of an individual template is at the examiner's discretion or regional preference. |
SECURITIES |
| 45 |
45 |
|
|
| ANYCOUNTY MUNICIPAL GENERAL OBLIGATION |
|
|
|
TOTAL ADVERSELY CLASSIFIED SECURITIES |
45 |
|
|
OTHER REAL ESTATE OWNED |
| 550 |
550 |
|
|
| ONE WAY HOME, INC. PROPERTY |
|
|
|
| 675 |
575 |
|
100 |
| ROLLY HOLLY PROPERTY |
|
|
|
TOTAL ADVERSELY CLASSIFIED OTHER REAL ESTATE OWNED |
1,125 |
|
100 |
OTHER ASSETS |
| 25 |
|
|
25 |
| SUN, RAYMOND |
|
|
|
Heavy Equipment |
|
|
|
TOTAL ADVERSELY CLASSIFIED OTHER ASSETS |
|
|
25 |
CONTINGENT LIABILITIES |
| 230 |
230 |
|
|
| AMHILL, MARC |
|
|
|
Amount represents unfunded portion of loan commitment for construction of a single-family residence. |
TOTAL ADVERSELY CLASSIFIED CONTINGENT LIABILITIES |
230 |
|
|
TOTAL ADVERSELY CLASSIFIED ITEMS |
5,690 |
140 |
1,015 |
|
