We are looking at revamping our committees. What is the member makeup of your Loan/Credit Committee? Is it Directors only, directors plus lending, or some other members? How often do they meet and do they have duties other than approving large or specialized loans?

Thanks.

Our loan approval committee is made up of seasoned lenders, president and lending management. Directors review monthly, post approval, those loans approved/made over a set threshold. This committee meets twice a week for loan approvals.

We also have loan administration committee that meets monthly for portfolio oversight (reviews past dues, watchlist, approves charge-offs, non-accruals and classification changes. Reviews overdraft waivers, loan waivers, loan exceptions, concentrations, pipeline report, approves loan policy changes....). This committee is made up of all loan department heads, chief credit officers, president, head of Credit Admin and senior lenders.