We are currently preparing to submit a loan to our Board of Directors (who gives final approval on insider loans) for one of our executive officers. However, our executive officer did not complete the personal balance sheet that is used for most customers (but not required for bank employees) on our standard credit application. Now our banker is hesitant to ask the E.O. for this information, mainly since our underwriting department gave its OK to the loan through standard procedures (i.e. credit bureau, etc). My question is: is there a standard, universal definition of "detailed current financial statement", or, using the credit bureau and information available in our 10-K report, would this be enough information to demonstrate to an examiner that we have obtained a detailed current financial statement preceding final approval?