Mid City Bank hurt by delinquent loans.Mid City Bank hurt by delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. loans Los Angeles-based Mid City Bank NA was dropped from Jumbo jum·bo n. pl. jum·bos An unusually large person, animal, or thing. adj. Unusually large: jumbo shrimp; a jumbo jet. Rate News' listing of recommended banks and thrifts following a "significant" increase in the bank's reported delinquent loans. The rating change was noted in the Dec. 3 issue of Jumbe Rate News, a weekly newsletter for investors in the jumbo certificate of deposit Jumbo certificate of deposit A certificate of deposit in increments of $100,000. jumbo certificate of deposit A certificate of deposit with a denomination of $95,000 or more. (over $98,000 per account) market. The bank will drop to a two-star rating in Bauer Financial Reports, a publication affiliated with Jumbo Rate News, which indicates that an institution either does not meet regulatory capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. or would not if certain exiting negative trends were to continue. Mid City Bank, a $104 million (assets) institution, reported a 19.9 percent increase in delinquent loans from $4.15 million in second quarter 1990 to $4.98 million in the third quarter ending Sept. 30, 1990. |
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