Nonaccrual Loan

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Nonaccrual Loan

A loan on which the lender is not generating the expected interest rate due to non-payment. A loan is classified as nonaccrual if no principal or interest has been paid in 90 days. A nonaccrual loan is rather likely to default
References in periodicals archive ?
As of December 31, 2012, Non-accrual loans totaled $3.
The Bank had 40 non-accrual loans at September 30, 2015 compared to 31 non-accrual loans at December 31, 2014.
The ratio of the allowance for loan losses to non-accrual loans was 286% at June 30, 2015, compared to 362% at March 31, 2015 and 306% at December 31, 2014.
Community Bank Also Reports Significant Decrease in Non-Accrual Loans
The Bank had 37 non-accrual loans at June 30, 2015 compared to 31 non-accrual loans at December 31, 2014.
The increase in the third quarter of 2010 reflects the net increases to non-accrual loans discussed above as well as migration of certain non-accrual loans to real estate owned in the quarter.
The ratio of the allowance for loan losses to non-accrual loans was 362% at March 31, 2015, compared to 306% at December 31, 2014 and 139% at September 30, 2014.
The provision in the first quarter of 2010 reflects continued elevated levels of delinquencies, charge-offs and non-accrual loans.
American Riviera Bank (OTCBB: ARBV) announced today that the Bank reported unaudited net income of $228,000 for the quarter ending March 31, 2010, while reducing non-accrual loans by 45% from December 31, 2009.
The Bank had 24 non-accrual loans at March 31, 2015 compared to 31 non-accrual loans at December 31, 2014.
1 million provision for loan losses due to higher levels of non-accrual loans, higher operating expenses as a result of the increased levels of nonaccrual loans and an $11.
Most of the decline in loan yield was due to the increase in non-accrual loans.
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