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 non-accrual loan balances remained essentially unchanged quarter to quarter.
A majority of this decline was attributable to average loan volume decline and the impact of non-accrual loan interest reversals.
Residential real estate and Small business non-accrual loan balances remained essentially unchanged quarter to quarter.
Despite ongoing unprecedented turmoil in the credit markets, the Bank reports success in its loan remedial management efforts in October 2009, achieving payoff of a $1 million non-accrual loan risk rated Substandard.
7 million at September 30, 2009, with increases in non-accrual loan balances offset primarily by charge-offs.
The second non-accrual loan was internally classified as substandard prior to being severely impacted by the hurricane during October 2012.
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.
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