Doubtful
Doubtful loans are - loans that exhibit all the weaknesses inherent in substandard loans with the added characteristic that collection or liquidation, in full, on the basis of currently known facts, conditions and values, is highly questionable and improbable.
Loans possessing any of the following characteristics shall be classified as
Doubtful.
a) All or most of the weaknesses of loans classified as substandard.
b) A loss exposure that cannot be readily defined with present circumstances and conditions.
c) The weaknesses, on the basis of existing facts, conditions and value, have rendered the collection or liquidation in full highly questionable and improbable.
d) Legal action initiated.
e) Remain past due for 270 days
or more but less than 630 days.