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 ?
Consumer Finance Segment Nonaccrual loans $663 $798 $958 Accruing loans past due for 90 days or more $- $- $- Total loans $171,288 $172,385 $165,183 Allowance for loan losses $12,928 $12,608 $11,471 Nonaccrual consumer finance loans to total consumer finance loans 0.
The allowance for loan losses was 29% of the System's total nonperforming assets and 32% of its nonaccrual loans at September 30, 2009, as compared with 38% and 41% at December 31, 2008.
7 million in the first quarter due to lower average balances and increased nonaccrual loans.
Excluding the land and construction portfolios which are discussed in more detail below, both delinquent and nonaccrual loans remain low for all other loan categories, as shown in the table below.
2) Loans held for sale and nonaccrual loans are both included in gross
3 million) of interest income not recorded on nonaccrual loans.
Substantially all of the increase resulted from the transfer of a portion of our nonaccrual loans related to ethanol to other property owned.
These corrections impact loans contractually past due 90 days or more but still accruing interest, nonaccrual loans and impaired loans at December 31, 2006.
Non-performing assets consisted of $174,000 of nonaccrual loans at September 30, 2004, or 0.
The allowance for loan losses was 36% of the System's total nonperforming loans and 38% of its nonaccrual loans at March 31, 2009, as compared with 39% and 41% at December 31, 2008.
Non-performing assets consisted of $585,000 of nonaccrual loans at June 30, 2004, or 0.
The increase in nonperforming assets was largely driven by an increase in nonaccrual loans of $33.