Common use of Return on Average Assets Clause in Contracts

Return on Average Assets. Bank shall maintain an annualized return on Average Assets of at least forty one hundredths of one percent (0.40%) as reported quarterly on an annualized basis for the quarters ending through and including December 31, 2010 and at least fifty one hundredths of one percent (.50%) as reported quarterly on an annualized basis for periods ending after December 31, 2010. For purposes of this covenant “total average assets” shall be deemed to mean the year-to-date average of total assets of Bank.

Return on Average Assets. Bank shall maintain an annualized return Return on Average Assets of at least forty one hundredths of one greater than or equal to 40/100 percent (0.40%) as reported quarterly of each Covenant Compliance Date. In determining such annualized Return on an Average Assets, Bank’s earnings will be annualized basis for the quarters ending through and including December 31, 2010 and at least fifty one hundredths of one percent (.50%) as reported quarterly on an annualized basis for periods ending after December 31, 2010. For purposes of this covenant “total average assets” shall be deemed using its year to mean the year-to-date average of total assets of Bankearnings.