(1) All bad debts, which are debts on which interest is past due and unpaid for at least six months, unless the debt is fully secured and in the process of collection.
(2) All other assets charged off as required by the Director of the Department of Consumer and Business Services or a state or federal examiner.
(3) All accrued expenses, interest and taxes of the institution or Oregon stock savings bank. [Amended by 1973 c.797 §79; 1997 c.631 §74]