TITLE XXXV
BANKS AND BANKING; LOAN ASSOCIATIONS; CREDIT UNIONS

CHAPTER 383-A
BANK AND CREDIT UNION REGULATORY AND ENFORCEMENT

ARTICLE 5
Management and Operations

Section 383-A:5-510

    383-A:5-510 Reports of Condition. –
(a) Each calendar year, each state bank or credit union shall balance its books at the close of business on the last business day in December and, within 30 calendar days thereafter, shall file with the commissioner an annual report. The annual report shall be signed by an authorized officer of the state bank or credit union, attesting that the information provided is accurate to the best of his or her knowledge, and shall contain the following information:
(1) The name and contact information for the institution and each branch, principal office, trust office, and main office, including information concerning any branch, principal office, trust office, or main office which opened, closed, or relocated during the year.
(2) The name of each person who is a director or trustee.
(3) The name of each person who is an executive officer.
(4) The name of each subsidiary of the institution.
(5) The name and contact information for each service entity.
(6) The name and contact information for any affiliated holding company.
(7) With respect to any fidelity bond or errors and omissions liability policy maintained to satisfy requirements in banking acts, the legal name and contact information for the insurance company that issued the coverage, the amount of coverage, and the amount of the deductible.
(8) With respect to any liquidation pledge the trust company maintains, the name and contact information for the person holding the liquidation pledge and the fair market value of the liquidation pledge as of the last business day of the year.
(9) With respect to any surety bond that a trust company maintains for the benefit of the commissioner, the name and contact information for the person issuing the surety bond, and the amount of the surety.
(10) With respect to any other funds that a trust company maintains for the benefit of the commissioner, the name and contact information for the person holding the funds, and the fair market value of the funds as of the last business day of the year.
(b) Quarterly, each state bank or credit union shall balance its books at the close of business on the last business day in March, June, September, and December, and, within 30 calendar days after the end of each of those calendar quarters, shall file with the commissioner a quarterly report, as follows:
(1) In the case of a depository bank, the quarterly report form shall be submitted using the applicable "Consolidated Reports of Condition and Income" developed by the Federal Financial Institutions Examination Council.
(2) In the case of a credit union, the quarterly report form shall be submitted using the "Call Report Form 5300" developed by the National Credit Union Administration.
(3) In the case of a trust company or family trust company, the quarterly report form shall be submitted using the following sections of the "Consolidated Reports of Condition and Income" developed by the Federal Financial Institutions Examination Council:
a. Signature page with attestation;
b. Contact Information for the Reports of Condition and Income;
c. USA PATRIOT Act Section 314(a) Anti-Money Laundering Contact Information;
d. Schedule RI-Income Statement;
e. Schedule RI-A-Changes in Bank Equity Capital;
f. Schedule RI-E-Explanations;
g. Schedule RC-Balance Sheet;
h. Schedule RC-B-Securities;
i. Schedule RC-F-Other Assets;
j. Schedule RC-G-Other Liabilities; and
k. Schedule RC-T-Fiduciary and Related Services.
(c) The commissioner shall have the power to adopt rules relating to reporting under this article, including any additional reporting requirements, and may by rule waive reporting requirements when the commissioner determines such information is not relevant to the determination of the true conditions of the state bank or credit union.

Source. 2015, 272:16, eff. Oct. 1, 2015. 2019, 169:6, eff. July 10, 2019.