Oklahoma Administrative Code
Title 85 - State Banking Department
Chapter 10 - Supervision, Regulation, and Administration of Banks, Trust Companies, and the Oklahoma Banking Code
Subchapter 5 - Requirements, Standards and Procedures for an Internal Control Program
Section 85:10-5-4 - Reports
Current through Vol. 41, No. 13, March 15, 2024
Bank reports. Reports which the internal control program shall require to be made monthly, except as otherwise provided, to the bank's board of directors or committee thereof shall consist of, at a minimum, the following:
(1) A report showing the board-approved budget compared to actual income and expenses for the calendar year and the current month with explanations for any significant deviation or change.
(2) A report from the control officer or auditor that the internal minimum control elements have been performed with explanations for any differences, outages or shortages.
(3) A quarterly report detailing board-approved liquidity performance measures and explanations for any significant deviations.
(4) A quarterly report of all criticized and classified loans.
(5) A report of all outstanding loans made to officers, employees and directors and their business interests or affiliates.
(6) Investments purchased or sold since the last report.
(7) A quarterly report detailing the bank's analysis of the Allowance for Loan and Lease Losses or Allowance for Credit Losses.
(8) All charge-offs or other losses the bank has sustained since the last report.
(9) All past due loans. A loan or category of loans shall be considered "past due" according to guidelines that may be established by the board of directors.
(10) All overdrafts.
(11) A report showing the aggregate indebtedness of any single borrower that exceeds 25 percent of the bank's capital and reserves. This report shall be made to the bank's entire board of directors.
Amended at 15 Ok Reg 2952, eff 7-15-98; Amended at 19 Ok Reg 1597, eff 6-13-02; Amended at 25 Ok Reg 1064, eff 5-25-08
