Acquired Loans - Sample Policy Language (July 2015)
Published September 09, 2016Acquired Loans - Purchased Credit Impaired Loans (“PCI”): As part of business acquisitions, the Bank acquires certain loans that have shown evidence of credit deterioration since origination, commonly known as “purchased credit impaired” (“PCI”) loans. These acquired loans are recorded at fair value, such that there is no carryover of the target’s allowance for loan losses. Such acquired loans are accounted for individually under Accounting Standards Codification (“ASC”) 310-30.
Members Only Content
Some of the content on this website is available for viewing by Banking CPAs members only. In order to access information designated as members only, you need to log in to the Web site using your member login and password . Once you have logged in, you will be able to access appropriate members-only content across the entire Banking CPAs website.
If you do not know your login information, please contact Kim Lockard at Kim@therainmakercompanies.com for assistance . If you need additional assistance, contact our offices at (615)373-9880.