(A) Notwithstanding section 1121.10 of the Revised Code, and subject to division (B) of this section, the superintendent of financial institutions shall not conduct an examination of a state bank more frequently than once every twenty-four-month cycle, if the bank meets both of the following conditions:

1. (1) It has assets of ten billion dollars or less.
2. (2) Under the uniform financial institutions rating system, it maintains a composite rating of one.

(B) The superintendent may conduct more frequent examinations if either of the following applies:

1. (1) The superintendent has reasonable cause to believe that there is a risk of harm to the bank and the examination of the bank is necessary to fully determine the risk to the bank or to determine how best to address the risk.
2. (2) The superintendent participates with financial institution regulatory authorities of other states or the United States in a joint, concurrent, or coordinated examination.