nonaccrual


Also found in: Financial.

nonaccrual

(ˌnɒnəˈkruːəl)
adj
(Banking & Finance) finance (of a loan) not earning interest
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
MBL nonaccrual status must be maintained until the credit union can document the borrower's financial condition and prospects for repayment, which would include a minimum of six consecutive timely payments.
Nonaccrual loans more than doubled from $2.2 million as of March 31, 2011, to $4.5 million this year.
The nonaccrual rate increased for commercial mortgages during the third quarter, up to an estimated 4 percent and a new peak for the commercial mortgage nonaccrual rate.
A contract or agreement allowing merchandise returns is not a limit or restriction permitting nonaccrual; see Continental Ill.
Loans of $4.1M were added to nonaccrual status during the first quarter of 2019 resulting in the reversal of $73,000 in interest income compared to loans of $16.7M added to nonaccrual status during the fourth quarter of 2018 resulting in the reversal of $390,000 in interest income.
Non-performing assets, which includes other real estate owned (OREO), totaled USD 1.7 million at September 30, 2018, comprised of USD 0.8 million in non-performing loans and USD 0.9 million in OREO compared to a total of USD 3.7 million of non-performing assets at December 31, 2017 which included USD 2.8 million of nonaccrual loans and USD 0.9 million of OREO.
Nonperforming assets, which consist of nonaccrual loans and foreclosed properties, decreased from $5,623,000 at December 31, 2017 to $5,139,000 at September 30, 2018 as four properties have been sold in 2018 which resulted in a loss of sale of $79,000.
Nonaccrual loans stood at $5.5 million as of March 31.
The Capito-Maloney bill also mandates that the NCUA and other agencies cannot put a commercial loan in nonaccrual status just be-cause the collateral has decreased in value.
The detailed data that would be reported in the remainder of the schedule include a breakdown by consumer loan category of the loans in an institution's subprime lending programs and information by loan category on past due and nonaccrual subprime consumer loans and on year-to-date charge-offs and recoveries of these loans.
As a result of the defaults that occurred at the end of March, the company downgraded its participation interest in this SNC from "substandard" to "doubtful", and this SNC was subsequently placed on nonaccrual status.
Nonperforming assets, which consist of nonaccrual loans and foreclosed properties, decreased from USD 5,623,000 at December 31, 2017 to USD 5,139,000 at September 30, 2018 as four properties have been sold in 2018 which resulted in a loss of sale of USD 79,000.