Baylake Bank > Baylake Corp. > Corporate Governance

DIRECTOR LOAN COMMITTEE CHARTER
 

Director Loan Committee Purpose

The primary purpose of the Director Loan Committee (DLC) is to approve loans to a customer with a total loan relationship over $5,000,000 and to oversee the operations, underwriting, pricing, procedures, and profitability of the lending function of Baylake Bank. It recommends loan policies to the Baylake Bank Board of Directors. In the loan policy lending authority is established for the Loan Officers, Senior Loan Committee, and the DLC.

The DLC’s primary responsibilities are to:

• Review and vote on appropriate loan applications
• Review minutes of the Senior Loan Committee
• Review Loan Review Reports
• Review management information reports that pertain to the lending function, including those that appear on the standard DLC agenda
• Review legal matters that pertain to the lending function, including referrals to legal when it is practical to do so
• Approve special dispensation of loans and charge-off of loans
• Review acquisition, operation, and dispensation of other real estate owned and assets involved in receivership and bankruptcy
• Assure compliance with applicable law and regulations that apply to the lending function
• Review loan marketing materials and programs

Director Loan Committee Membership

The Chief Executive Officer and at least four independent directors shall be appointed to the DLC. The Chief Credit Officer shall serve as a non-voting ex-officio member.

Director Loan Committee Meetings

Unless otherwise agreed to by a majority of the committee, the DLC shall meet on the first Wednesday and the third Tuesday of each month. The Chair of the Committee, the Chief Executive Officer, or the Chief Credit Officer may call special meetings.

Other

The DLC shall maintain minutes of its meetings and make them available to the Board of Directors at their next regular meeting. All matters are subject to review of the Board and large lending commitments shall be reported to the Board.

The DLC, along with the Board of Directors, shall review and assess the adequacy of this charter at least annually. The Charter shall be submitted to the Board of Directors of Baylake Bank at their Annual Meeting.

 

   Revision Date: March, 2012