In a Safety and Soundness Exam loans have to meet minimum standards. One of those is a borrower has to have current financial information in file to support their ability to repay. Regardless of the amount of the loan If no data is available to support repayment OR the borrower has not demonstrated their ability to repay by zeroing out the balance from time to time Examiners can conclude the the repayment of the loan is doubtful. If classified doubtful the bank could be required to write off 50% of the outstanding and suspend the line until current information is obtained. You are not doing your customer a favor by not collecting current financial data, if that happens.
At the least the lack of financial documentation will get a Sub Standard rating, and a regulatory requirement to obtain current financials.
This one loan may not impair capital at all, but if you have 100 like this the combined total might, and that's what examiners look for.
The reason you would not report the 1982 revenue is that it does not reflect current revenues of the borrower. Without current information you have no idea what company revenues are. Reporting information that is 23 years old is not the intention of revenue reporting.
Just because the loan officer used it does mean 23 year old information is reported. IMO there is an assumption that current revenue information will be reported for current loan originations. The publication you are referring to is a "Guide" only and does not begin to include all the details.
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