nonperforming asset

Nonperforming asset

An asset that is not effectively producing income, such as an overdue loan.

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.

nonperforming asset

An asset that produces no income. For example, a loan on which the borrower is not making payments is often described as a nonperforming asset. Firms often continue to include these assets, which are of questionable value, on their financial statements because they do not wish to show the losses entailed in writing them off. Also called nonperforming loan. Compare underperforming asset.
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According to group member Nobuo Akai, a professor at the University of Hyogo, it is the first time that a group has estimated and compiled nonperforming asset data at nationwide public land developers.
On July 17, 2006 a loan was paid off on one of these properties, reducing the nonperforming asset balance by $2.
Southwest Georgia Financial Corporation (AMEX: SGB), the parent company of Southwest Georgia Bank, announced today that it has agreed to transfer their largest nonperforming asset for a nominal fee of $200,000 to the Georgia Trust for Historical Preservation.
the "Company") (Nasdaq:REPB), the parent company of Republic Bank (the "Bank"), today reported that it had completed a cash sale of its largest nonperforming asset, a hotel in Wilmington, Delaware, held as Other Real Estate/ORE.
Because the Kansas bank no longer intends to do so, it has been reclassified to Other Real Estate Owned, which is a nonperforming asset.
a special purpose vehicle, to acquire nonperforming assets from Philippine banks and other financial institutions.
The company reported diminished loan demand coupled with an increase in nonperforming assets, but the end result was better than analysts' estimate of 48 cents a share.
For customers who want details, there are three sets of financial ratios that can be used to evaluate fiscal soundness: capital ratios, return on assets, and nonperforming assets.
6 billion at the end of September -- Nonperforming assets of $598 million rose 2 basis points to 48 basis points of total loans and mortgage-backed securities
As nonperforming assets grew, banks were forced to increase their loan-loss reserves, resulting in lower capital.
The business daily Nihon Keizai Shimbun said in its Friday morning edition that the ailing consumer credit company plans to use the money to leverage its efforts to dispose of nonperforming assets, boost its capital base and regain investor confidence.
As of March 31, 1995, nonperforming assets totalled $10.