Section 10.1. Definitions  


Latest version.
  • The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

    Association—As defined in section 102(3) of the Savings Association Code of 1967 (7 P. S. § 6020-2(3)).

    Classified assets—Assets, or portions thereof, which have a well-defined weakness or weaknesses attributable to the unfavorable condition of the obligor, insufficiency of security or other factors noted in the report of examination prepared by the Department.

    Institution—An incorporated institution as defined in section 102(q) of the Banking Code of 1965 (7 P. S. § 102(q)).

    Leverage capital—The ratio of Tier 1 capital to total assets.

    Qualifying capital—As defined in 12 CFR Part 325, Appendix A (relating to statement of policy on risk based capital).

    Risk-weighted assets—As defined in 12 CFR Part 325, Appendix A.

    Tier 1 capital—As defined in 12 CFR 325.2(t) (relating to definitions).

    Total assets—As defined in 12 CFR 325.2(v). Assets do not include assets held in a fiduciary capacity.