1107.03 Evaluating adequacy of bank's capital.

1107.03 Evaluating adequacy of bank's capital.

No bank shall operate without adequate capital as determined by the superintendent of financial institutions. In evaluating the adequacy of a bank’s capital, the superintendent may consider any of the following:

(A) The nature and volume of the bank’s business;

(B) The amount, nature, quality, and liquidity of the bank’s assets;

(C) The amount and nature of the bank’s liabilities, including those that are not presently due or are contingent;

(D) The amount and nature of the bank’s fixed costs;

(E) The history of and prospects for the bank to earn and retain income;

(F) The quality of the bank’s operations;

(G) The quality of the bank’s management;

(H) The nature and quality of the bank’s ownership;

(I) Any other factor the superintendent finds to be relevant under the circumstances.

Effective Date: 01-01-1997