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Non Performing Loan
(redirected from Nonperforming Assets)

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Non Performing Loan
A loan in or near default. According to the International Monetary Fund, a non-performing loan is any loan in which: interest and principal payments are more than 90 days overdue; or more than 90 days' worth of interest has been refinanced, capitalized, or delayed by agreement; or payments are less than 90 days overdue but are no longer anticipated. Another definition of a non-performing loan is one in which the maturity date has passed but at least part of the loan is still outstanding. The specific definition is dependent upon the loan's particular terms.


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Nonperforming assets as a percent of total assets increased to 2.
All data reported was unaudited and internally prepared; dollar amounts are in thousands: SELECTED FINANCIAL RATIOS AND PER SHARE DATA AS ORIGINALLY PRESENTED 12 Months 12 Months ended ended 4th 4th Financial Dec 31 ,Dec 31, Quarter Quarter Ratios 2008 2007 % Change 2008 2007 % Change Nonperforming assets - in thousands $5,264 $3,050 72.
Nonperforming assets are loans made to borrowers who are no longer able to meet the terms of the original agreement.
 
 
 
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