1. 1. A savings bank may not invest more than forty percent of its total assets in commercial loans. A commercial loan is a loan for business, commercial, corporate or agricultural purposes.

2. 2. A savings bank shall maintain at least fifteen percent of its assets in assets and investments taken from the following categories:

   1. (1) First and second lien residential mortgage loans or foreclosed residential mortgage loans;
   2. (2) Home improvement loans;
   3. (3) Interim residential construction loans; and
   4. (4) Mortgage-backed securities.

(L. 1997 H.B. 257 § 369.430)