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1) Report on SBLF Participants’ Small Business Lending Growth Submitted to Congress pursuant to Section 4106(3) of the Small Business Jobs Act of 2010 October 2015
2) OVERVIEW Small businesses are a vital part of the American economy and their success is a critical component of the economic recovery. Established by the Small Business Jobs Act of 2010 (the Act), the Small Business Lending Fund (SBLF) is a dedicated fund designed to provide capital to qualified community banks 1 and community development loan funds (CDLFs) in order to encourage small business lending. The purpose of the SBLF is to encourage Main Street banks and small businesses to work together, help create jobs, and promote economic growth in communities across the nation. This report provides information on changes in small business lending by SBLF participants as of June 30, 2015, relative to baseline levels.2 As of June 30, 2015, institutions participating in SBLF have made important progress in increasing their small business lending, helping to support small businesses and local economies across the nation. • Since inception, the total increase in small business lending reported by current and former 3 SBLF participants is $17.2 billion over baseline. • As of Q2 2015, current SBLF participants have increased their small business lending by $14.8 billion over a $30.0 billion baseline. This reflects a $625 million decrease over the prior quarter, largely attributable to participants leaving the program.4 • Increases in small business lending are widespread across SBLF participants, with 95.8 percent of participants having increased their small business lending over baseline levels. • Most participants report that their small business lending increases have been substantial, with 92.7 percent increasing small business lending by 10 percent or more. This report also provides information on changes in business lending and other lending by SBLF banks relative to (i) a representative peer group of 374 community banks that were selected to match the specific size, geography, and financial condition of SBLF banks and (ii) a broader comparison group of the 5,581 similarly-sized community banks that are headquartered in the same states as SBLF banks. • SBLF banks have increased business loans outstanding by a median of 84.7 percent over baseline levels, versus a 24.0 percent median increase for the representative peer group and a 21.4 percent median increase for the broader comparison group. • SBLF banks have increased business lending by substantially greater amounts across median measures of size, geography, loan type, and financial condition versus the peer and comparison groups. 1 In thi s report, the terms “banks” and “community banks” encompass banks, thrifts, a nd bank and thrift holding companies with consolidated a s sets of less than $10 bi llion. 2 As es tablished in the Act, the baseline for measuring the change i n small business lending is the a verage of the amounts that were reported for ea ch of the four calendar quarters ended June 30, 2010. 3 Lending growth reported by former participants in the fi nal quarter of participation is held constant through subsequent periods 4 The $625 mi llion decrease represents aggregate lending of $843 mi llion minus $1.47 billion of l ending over baseline in the prior quarter by pa rti cipants who exited the program this quarter. 1
3) • SBLF banks that refinanced CPP funding have increased business lending by a median of 80.5 percent since their initial receipt of CPP funding from Treasury versus a 29.0 percent increase for the peer group and an 27.1 percent increase for the comparison group over the same period. Please see Appendix A for additional information regarding the methodology employed in this report. BACKGROUND This report is submitted to Congress pursuant to Section 4106(3) of the Act, which directs the Secretary of the Treasury to provide a quarterly written report on how institutions participating in the SBLF program have used the funds they received under the program. Treasury invested more than $4.0 billion in 332 institutions through the SBLF program. These amounts include investments of $3.9 billion in 281 community banks and $104 million in 51 CDLFs. Collectively, these institutions operate in more than 3,000 locations across 47 states and the District of Columbia. This report includes information on the 259 institutions that continued to participate in the program as of June 30, 2015 and submitted quarterly supplemental reports for the fourth quarter, including 212 community banks and 47 CDLFs. The initial disbursement of SBLF funding to banks occurred on June 21, 2011, with subsequent transactions completed thereafter until the program’s September 27, 2011 statutory funding deadline. As of September 1, 2015, 79 institutions with aggregate investments of $1.3 billion have fully redeemed their SBLF securities and exited the program, and 32 institutions have partially redeemed $348 million (or 55 percent of their SBLF securities) though continue to participate in the program. The SBLF program encourages lending to small businesses by providing capital to community banks and CDLFs with less than $10 billion in assets. • For community banks, the SBLF program is structured to encourage small business lending through a dividend or interest rate incentive structure. The initial rate payable on SBLF capital is, at most, 5 percent, and the rate falls to 1 percent if a bank’s small business lending increases by 10 percent or more. 5 Banks that increase their lending by amounts less than 10 percent pay rates between 2 percent and 4 percent. If a bank’s lending does not increase in the first two years, however, the rate increases to 7 percent. If a bank has not repaid the SBLF funding after four and a half years, the rate increases to 9 percent. • For CDLFs, the SBLF program is structured to encourage small business lending through access to lowâ€cost capital at a 2 percent interest rate. These nonâ€profit loan funds play a critical role in distressed communities across the country that lack access to mainstream financial services. CDLFs engage in activities including offering microloans to entrepreneurs, providing mezzanine debt to growing small businesses, and financing community facilities like charter schools and health clinics. As established in the Act and described above, the SBLF program operates through an indirect mechanism to achieve policy outcomes. The additional lending capacity provided by SBLF capital – coupled with the program’s dividend or interest rate incentives in the case of community banks – encourages institutions to increase small business lending. 5 The i nitial interest ra te paid by S corporations a nd mutual institutions is, at most, 7.7 percent. If these i nstitutions increase their small business l ending by 10 percent or more, then the ra te falls to a s low as 1.5 percent. These i nterest rates equate to a fterâ€tax effective ra tes (assuming a 35% ta x ra te) equivalent to the dividend ra te paid by C corpora tion participants. 2
4) Because of the program’s structure, increases in small business lending cannot be directly linked to the use of SB LF funds. However, the program’s impact can be observed indirectly. Accordingly, this report provides information regarding aggregate increases in small business lending as well as a comparison of outcomes between program participants and a peer group matched on key characteristics. For additional information regarding the methodology employed in this report, please see Appendix A. INCREASES IN SMALL BUSINESS LENDING OVER BASELINE LEVELS As of June 30, 2015, the total cumulative net increase in small business lending over baseline reported by current SBLF participants during the course of their participation in the SBLF program is $14.8 billion, a decrease of $625 million from the previous quarter.6 As participants leave the program prior to the step up rate in Q1 2016, total lending growth by current participants will decrease. The following graph shows the aggregate increase in qualified small business lending reported by SBLF participants as of June 30, 2015. Increases in small business lending reflect that of current participants only and exclude institutions that have exited the program prior to the end of the quarter. Increase in Small Business Lending over Baseline by SBLF Participants 7 (Reported as of June 30, 2015) Increase in Small Business Lending over Baseline Level ($ in Billions) $18 $16 $14 Treasury’s investments in SBLF participants were made in Q2 and Q3 2011. Please see Appendix B for additional information on changes in small business lending following the initial SBLF investments. $12 $10.3 $8 $6.6 $4.8 $5.2 $6 $2 $11.2 $3.5 $1.3 $1.7 $7.4 $3.1 $3.9 $5.2 $5.4 $6.8 $15.1 $15.4 $14.8 $12.5 $12.4 $8.8 $9.0 $10 $4 $13.5 $14.2 $7.4 $8.7 $8.6 $11.6 $11.9 $11.8 $9.8 $10.6 $3.5 $3.5 $3.5 $3.5 $3.5 $3.6 $3.6 $3.5 $3.8 $3.8 $3.8 $3.7 $3.6 $3.5 $3.5 $3.0 $0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 Increase from Baseline through Q3 2011 Increase from Q3 2011 to Current Quarter Increases in small business lending are widespread among SBLF participants. To date, 206 of the 212 participating community banks (or 97 percent) and 42 of the 47 CDLFs (or 89 percent) have increased their small business lending. 6 Due to redemptions totaling $1.47 bi llion by eight participants exiting the program, the total change was negative; however, current pa rti cipants continued to i ncrease lending by $843 mi llion. 7 The i ncrease i n lending for each quarter is representative of only those institutions participating in the quarter listed. Figures reflect the total a ggregate net dollar a mount of reported i ncreases a nd decreases in s mall business l ending. The increase over ti me of the bas eline through Q3 2011 a mount i s driven by redemptions from i nstitutions which reported decreases i n small business lending outnumbering those which reported i ncreases. 3
5) In addition, 240 of the 259 SBLF participants (or 93 percent) have increased their small business lending by 10 percent or more. These figures reflect changes in small business lending over baseline levels as specified by the Act (defined as the loan balances that were reported for each of the four calendar quarters ended June 30, 2010). The first four of Treasury’s investments in SBLF participants were made in the quarter ended June 30, 2011, with all subsequent investments made in the quarter ended September 30, 2011. In the period between the baseline and the investment date, some participants increased lending, while others decreased. The Act, and the associated program terms, specified that an institution’s initial dividend or interest rate shall be based on call report data published in the quarter immediately preceding the date of the SBLF investment. Among other effects, this provision may have encouraged institutions to increase small business lending prior to entering the SBLF program, as they would receive the associated dividend or interest rate benefit immediately upon entry. At the same time, some institutions took actions (e.g., sales of loans or branches or reductions in loans outstanding) that reduced the amount of reported small business lending, such that their initial change in small business lending over their baseline was negative. In total, 262 (79 percent) of SBLF participants increased lending by $4.5 billion and 70 (21 percent) participants decreased lending by $991 million from the baseline period until the time of Treasury’s initial investments in the quarter ended September 30, 2011. Of the 6 participants (2.3 percent) that presently report negative changes in small business lending, two had reduced their small business lending in the period between the baseline and the investment date, though have since increased their lending above that initial level. Please see Appendix B for additional information on changes in small business lending following the initial SBLF investments. The following chart displays the aggregate positive and negative qualified small business lending growth 8 reported by current SBLF participants. The sum of these balances reflects the total increase in qualified small business lending reported. 8 Increases and decreases of lending balances are affected by both new originations and loan runoff at participant institutions. 4
6) Aggregate Increases and Decreases in Small Business Lending over Baseline by SBLF Participants Aggregate Increases and Decreases in Small Business Lending over Baseline Level ($ in Billions) (Reported as of June 30, 2015) $18 $16 $13.5 $14 $10.3 $11.1 $8.8 $8.9 $10 $6.6 $7.4 $8 $3.5 $4 $2 $4.53 $0 $15.1 $15.4$14.8 $12.5 $12.4 $12 $6 $14.3 $4.8 $5.2 $5.77 $6.26 $7.58 $8.31 $15.10 $15.44 $15.27 $14.49 $13.80 $10.90 $12.69 $12.71 $9.66 $11.68 $9.54 -$0.22 -$0.29 -$0.27 -$0.21 -$0.15 -$0.05 -$0.30 -$0.99 -$1.02 -$1.09 -$0.94 -$0.92 -$0.79 -$0.73 -$0.61 -$0.57 -$2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 Negative Balance Growth Positive Balance Growth Changes in the net qualified small business loan growth reported are driven largely by positive and negative changes in qualified small business lending balances at SBLF participants. To date, the vast majority, or 96 percent, of SBLF participants have increased qualified small business lending, for a total of $15.1 billion in positive qualified small business loan growth over baseline. The remaining 4 percent of SBLF participants evidenced a decrease in qualified small business lending balances over baseline of $300 million, such that the net of these positive and negative qualified small business growth balances is equal to $14.8 billion across all SBLF participants (see also chart on page four). Redemptions also impact the total qualified small business lending reported in a given quarter. As institutions redeem from the SBLF program, their respective increases or decreases in lending over baseline are removed for future reporting purposes. For example, should an SBLF institution with $100 million in qualified small business lending growth over baseline redeem from the program, the growth associated with that institution would be omitted from total qualified small business loan growth calculations going forward, such that remaining participants would need to generate a net increase in qualified small business lending of at least $100 million for the total qualified small business loan growth level to remain the same as reported in the previous quarter. The redemption of institutions with negative changes in qualified small business lending over baseline can have the inverse effect where, due to netting effects, the impact of the redemption is an increase in the total qualified small business lending reported. The chart below shows the cumulative net impact of all current and former participants in the program by incorporating changes in qualified small business lending over baseline for former SBLF participants at the amount reported in the final quarter of program participation and holding those balance changes constant in future quarters. 5
7) For example, if an SBLF participant reported a total increase in small business lending of $10 million over baseline in the final quarter prior to a full redemption, that amount is held constant and incl uded in the net small business lending growth calculation in each quarter thereafter, instead of being removed as under the current method , as outlined in the chart on page three. This approach captures the cumulative lending by all participants, both current and redeemed, and more comprehensively displays total historical program impact. Current and Historical Change in Small Business Lending over Baseline by SBLF Participants Current and Historical Change in Small Business Lending over Baseline Level ($ in Billions) (Reported as of June 30, 2015) $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 -$2 $3.5 $3.5 $17.2 $15.8 $16.4 $14.7 0.70 0.97 2.44 $13.8 0.44 $12.4 $12.6 0.26 $11.4 $0.23 $10.3 $0.22 $8.9 $9.0 $0.03 $7.5 $0.09 $0.02 $6.6 $14.3 $15.1 $15.4 $14.8 $5.2 $0.0 $0.05 $4.8 $12.5 $12.4 $13.5 $4.8 $5.2 $6.6 $7.4 $8.8 $9.0 $10.3 $11.2 -$0.15 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 Cumulative Net Lending Balances Reported by All Redeemed Institutions through Reported Quarter Cumulative Net Lending Balances Reported by All Current Participants through Reported Quarter As prescribed under the Small Business Jobs Act, SBLF rates became fixed beginning in Q3 2013, such that participants that evidenced minimal or negative changes in qualified small business lending over the baseline were unable to take advantage of SBLF lending incentives. The redemption of several participants with declines in small business lending balances in Q4 2013 (just following the dividend rate set period) resulted in a negative cumulative net effect of small business lending for redeemed participants totaling approximately -$150 million through that quarter, and therefore led to a respective increase of the same amount in total measured qualified small business lending during Q42013 under the standard methodology, as outlined in the chart on page 3. Subsequently, in the first quarter of 2014 that trend reversed, with several institutions reporting strong positive lending over baseline (totaling $380 million) redeeming during that period, such that the net effect of cumulative small business lending growth at redeemed institutions totaled a positive $230 million through that quarter. As such, this led to a respective decrease of the same amount of total measured qualified small business lending under the standard methodology, as outlined in the chart on page 3. All subsequent analysis reflects current SBLF participants only. 6
8) Distribution of Small Business Lending Increases The following graph shows quarter-over-quarter changes in the number of participants reporting lending in the five ranges of small business loan growth that correspond to various dividend or interest rates payable on SBLF securities. SBLF Participants Reporting Increases in Small Business Lending over Baseline 9 (Reported as of June 30. 2015) 300 249 240 SBLF Participants (#) 250 200 150 100 50 12 7 31 54 32 0 Under 2.5% or Reduced 2.5 to 4.9% Increase 5.0 to 7.4% Increase 7.5 to 9.9% Increase 10.0% or Greater Increase Increase in Small Business Lending over Baseline Q4 2011 Q1 2013 Q2 2014 Q1 2012 Q2 2013 Q3 2014 Q2 2012 Q3 2013 Q4 2014 Q3 2012 Q4 2013 Q1 2015 Q4 2012 Q1 2014 Q2 2015 To achieve the lowest available dividend or interest rate under the SBLF program terms (the “program incentive”), current participants would have needed to increase small business lending in aggregate by at least $3.24 billion.10 As of June 30, 2015, the $14.8 billion increase achieved over baseline levels is approximately 4.4 times greater than the $3.4 billion program incentive. 11 Distribution of Small Business Lending Increases by Quartile Increases in small business lending are widespread among SBLF participants. The largest dollar value increases in small business lending have been made in aggregate by participants with the largest amount of SBLF funds outstanding. Funds outstanding is defined as the amount of funds received from SBLF minus funds that have been redeemed. 9 As a result of redemptions, the total number of SBLF i nstitutions was 259 a s of Q2 2015, 267 a s of Q1 2015, 274 a s of Q4 2014, 280 a s of Q3 2014, 290 a s of Q2 2014, 295 a s of Q1 2014, 298 a s of Q4 2013, 307 a s of Q3 2013, 315 a s of Q2 2013, 317 a s of Q1 2013, 320 a s of Q4 2012, 326 a s of Q3 2012, 328 a s of Q2 2012, a nd 332 a s of Q1 2012 a nd Q4 2011. 10 Throughout this report, the term “program incentive” is defined as the a ggregate increase that would be required for current participants to recei ve the l owest a vailable dividend or i nterest ra te under the SBLF program terms. 11 As of June 30, 2015, s ome i nstitutions have i ncreased lending by more than their maximum program i ncentive, whi le others have i ncreased by l es s or decreased. Pl ease see Appendix C for i nstitution -specific reporting of small business lending by SBLF participants. 7
9) If ranked and grouped by the amount of SBLF investment outstanding, the 65 institutions that held $12.0 million or more of outstanding SBLF investment accounted for $7.3 billion of the total reported increase in small business lending with $1.6 billion of total investment outstanding. The following graph shows the changes in small business lending over baseline levels across four equally-sized groups of SBLF participants based on the dollar amount of their SBLF investments outstanding. Changes in Small Business Lending by Dollar Amount of SBLF Funds Outstanding (Reported as of June 30, 2015) $8.0 $7.3 $7.0 $6.0 $4.7 $ Billions $5.0 $4.0 $3.0 $2.0 $1.7 $1.6 $1.0 $1.0 $0.5 $0.3 $0.1 $0.0 First Quartile ($12.0 - $81.7 Million) Second Quartile ($6.1 - $12.0 Million) Third Quartile ($2.5 - $6.1 Million) Fourth Quartile ($2.5 Million or Less) Quartiles by Dollar Amount of Funds Outstanding SBLF Funds Outstanding Change in Small Business Lending over Baseline If ranked and grouped by the dollar value of changes in small business lending, the top quartile of participants accounted for $10.1 billion of the gross reported increase in small business lending with $1.3 billion of SBLF funds outstanding. The following graph shows the change in small business lending over baseline levels across four equallysized groups of SBLF participants based on the dollar amount of their change in lending. 8
10) Increase in Small Business Lending by Dollar Amount of Lending Change (Reported as of June 30, 2015) $12.0 $10.1 $10.0 $8.0 $ in Billions $6.0 $3.3 $4.0 $2.0 $1.3 $1.3 $0.6 $0.4 $0.0 $0.2 -$0.1 -$2.0 First Quartile Second Quartile Third Quartile Fourth Quartile (Over $73.0 Million) ($33.4 - $73.0 Million) ($10.0 - $33.4 Million) ($10.0 Million or Less) Quartiles by Dollar Amount of Change in Small Business Lending SBLF Funds Outstanding Change in Small Business Lending over Baseline 9
11) Distribution of Small Business Lending Increases by Institution Size Small business lending increased among groups of institutions of all sizes (as defined by total assets), with the largest aggregate increases in dollar value reported by the largest institutions. 12 The largest institutions (defined as those participants with more than $1.0 billion in total assets) increase d small business lending by $3.5 billion while the smallest institutions (defined as those participants with less than $250 million in assets) increased small business lending by $4.4 billion. The following graph shows increases in small business lending over baseline levels and SBLF funds outstanding across four categories of institution size. Increase in Small Business Lending by Institution Size (Reported as of June 30, 2015) $5.0 $4.4 $4.5 $4.0 $3.7 $3.5 $ in Billions $3.5 $3.2 $3.0 $2.5 $2.0 $1.5 $1.0 $0.5 $0.7 $0.6 $0.7 $0.5 $0.0 $7.0 - $249 Million (n=146) $250 - $499 Million (n=59) $500 - $999 Million (n=35) $1.0 - $6.4 Billion (n=19) Size by Total Assets SBLF Funds Outstanding Change in Small Business Lending over Baseline 12 In thi s report, i nstitution size (including the size ranges in this graph a nd the s egmentation of institutions) is based on the total assets reported by ba nks as of Ma rch 31, 2011, the quarter i mmediately prior to Treasury’s fi rst SBLF investment. 10
12) Distribution of Small Business Lending Increases by Regional Geography In each region of the country, SBLF participants reported aggregate increases in small business lending. Institutions in the Midwest reported the largest aggregate increase ($3.6 billion) with one of the larger shares of SBLF funds outstanding ($815 million). The following graph shows increases in small business lending over baseline levels and SBLF funds outstanding across six geographic regions. 13 Increase in Small Business Lending by Regional Geography (Reported as of June 30, 2015) $4.0 $3.6 $3.6 $3.5 $ in Billions $3.0 $2.6 $2.5 $2.2 $2.1 $2.0 $1.5 $1.0 $0.8 $0.5 $0.5 $0.7 $0.4 $0.4 $0.2 $0.1 $0.0 Midwest (n=78) Southwest (n=38) SBLF Funds Outstanding Southeast (n=51) Mid-Atlantic (n=44) West (n=30) Northeast (n=18) Axis Change in Small Business Lending over Baseline Title 13 In thi s report, the Mi dwest region includes: IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, SD, a nd WI. The Southwest region includes: AZ, CO, LA, NM, OK, TX, a nd UT. The Southeast region includes: AL, AR, FL, GA, MS, NC, TN, SC, VA, a nd WV. T he Mi d-Atlantic region i ncludes: DC, DE, MD, NJ, NY, a nd PA. The West region includes: CA, ID, MT, NV, OR, WA, a nd WY. The Northeast region i ncludes: CT, MA, ME, NH, RI, a nd VT. 11
13) Based on the average loan size reported by participants in the August 2014 Results of the Third Annual Lending Survey, the $14.8 billion aggregate increase in small business lending represents an estimated 73,400 additional loans to small businesses.14 The following graph shows the estimated number of additional loans to small businesses by regional geography. Estimated Number of Additional Loans to Small Businesses by Regional Geography (Reported as of June 30, 2015) West (n=29) Mid-Atlantic (n=44) 5,900 Southwest (n=38) 7,600 17,400 19,400 20,800 Midwest (n=78) 2,300 Northeast (n=18) Southeast (n=51) 14 The number of additional small business l oans is calculated by dividing each participant’s change i n small business lending a s of September 30, 2014 by the a verage l oan size the participant reported on i ts SBLF lending s urvey for the year ended June 30, 2013 a nd aggregating the res ulting loan counts. The resulting aggregate is rounded to the nearest hundred loans. 12
14) COMPARISON OF LENDING BY SBLF BANKS AND NON-SBLF BANK GROUPS This section compares changes in business lending and other lending by SBLF banks relative to (i) a representative “peer group” of 374 community banks that were selected to match the specific size, geography, and financial condition of SBLF banks and (ii) a broader “comparison group” of all 5,581 similarly-sized community banks that are headquartered in the same states as SBLF banks and engaged in business lending. Please see Appendix A for additional information regarding the composition of the peer group and comparison group.15 SBLF banks have increased business lending by substantially greater amounts than both the peer and comparison groups across median measures of size, geography, and loan type. SBLF banks also report a median increase in other (non-business related) types of lending, while both the peer group and comparison group show a smaller median increase in such lending. Overall Changes in Business Lending and Other Lending Comparing the level of loans outstanding as of June 30, 2015 to their baseline levels, SBLF banks increased business lending by a median of 84.7 percent, versus a 24 percent median increase for the peer group and a 21.4 percent median increase for the comparison group. In addition to increasing business lending, SBLF banks increased other types of lending by a median of 63.5 percent over baseline levels, versus a median increase of 16.4 percent among the peer group and 8.0 percent among the comparison group. The following graph shows changes in business lending and other lending by SBLF banks, the peer group, and the comparison group. Changes in Business Lending and Other Lending Median Change in Lending by Loan Category over Baseline Levels (%) (Reported as of June 30, 2015) 90% 84.7% 80% 70% 63.5% 60% 50% 40% 24.0% 30% 21.4% 16.4% 20% 8.0% 10% 0% -10% Business Lending SBLF Banks Peer Group Other Lending Comparison Group 15 Trea sury a lso used a s tatistical methodology ca lled propensity s core a nalysis to i dentify a peer group. This a nalysis of participant lending growth wa s performed for the quarter ending September 30, 2013. Cons istent with the previ ously reported findings from the peer and compa rison group analysis in the quarterly SBLF Lending Growth Reports, the results of this additional a nalysis s uggested that the SBLF program s upported i ncreased business lending a mong program participants. The results of that analysis ca n be found at http://www.treasury.gov/resource-center/sb-programs/Pages/sblf_transactions.aspx 13
15) Distribution of Changes in Business Lending A substantially greater percentage of SBLF banks than banks in the peer and comparison groups report significant increases in business lending. In total, 94 percent of banks participating in SBLF have increased their business lending by 10 percent or more versus 64 percent for the peer group and 60 percent for the comparison group. 28 percent of the peer group and 32 percent of the comparison group have reduced business lending versus 2 percent of SBLF bank participants. Distribution of Changes in Business Lending (Reported as of June 30, 2015) Population of Banks (%) 90% 78% 80% 70% 60% 50% 39% 36% 40% 30% 20% 20% 10% 23% 8% 1% 8% 2% 8% 9% 4% 9% 5% 8% 12% 16% 16% 0% 10.0% or Greater Decrease 0.1% to 9.9% Decrease 0.0% to 9.9% 10.0% to 19.9% 20.0% to 39.9% 40.0% or Increase Increase Increase Greater Increase Change in Business Lending over Baseline Levels (%) SBLF Banks Peer Group Comparison Group SBLF banks increased business lending to a greater extent than both the peer and comparison groups as measured by the proportion of institutions reporting increases, as well as the percentage increases reported. SBLF banks increased business lending by a mean of 130 percent with a standard deviation of 125 percentage points.16 The peer group of non-SBLF banks increased business lending by a mean of 49 percent with a standard deviation of 80 percentage points while the comparison group increased business lending by a mean of 37 percent with a standard deviation of 68 percentage points. 16 The ca lculations of the mean a nd s tandard deviation for each group apply a 90 percent winsorization (i.e., a ll data below the fifth percentile is s et to the value of the fi fth percentile and all data a bove the 95th percentile is s et to the value of the 95th percentile). Winsorization is a s ta tistical tra nsformation used to limit the effect of extreme va lues in a sample. The s tandard deviation is a measure of the va riation of data poi nts from their mean. In these results, the large standard deviations i ndicate that the percentag e increases in business lending by SBLF banks a nd the peer a nd comparison groups are distributed over a large ra nge of va lues and not concentrated a round the mean. 14
16) Changes in Business Lending by Regional Geography In each region of the country, SBLF banks reported median increases in business lending while both the peer group and the comparison group reported smaller median increases. The following graph compares median changes in business lending by SBLF banks and the peer and comparison groups across six regions. Changes in Business Lending by Regional Geography Median Change in Business Lending over Baseline Levels (%) (Reported as of June 30, 2015) 140% 130% 115% 120% 100% 80% 99% 94% 87% 85% 68% 60% 40% 27% 23% 33% 38% 32% 18% 20% 28% 20% 22% 22% 23% 24% 21% 8% 0% Midwest Southwest SBLF Banks Southeast Mid-Atlantic Peer Group 15 West Northeast Comparison Group Overall
17) Changes in Business Lending by Institution Size Across nearly all ranges of institution size as defined by total assets, SBLF banks reported median increases in business lending. The peer group reported a slight median change in business lending increases across the majority of ranges of institution size, while the comparison group reported smaller median increases. The following graph compares median changes in business lending by SBLF banks and the peer and comparison groups across four categories of institution size. Changes in Business Lending by Institution Size Median Change in Business Lending over Baseline Levels (%) (Reported as of June 30, 2015) 120% 100% 101% 92% 84% 85% 80% 60% 52% 40% 20% 35% 28% 21% 23%22% 21% 23% 26% 24% 21% 0% $7.0 - $249 Million $250 - $499 Million $500 - $999 Million $1.0 - $6.4 Billion Size by Total Assets SBLF Banks Peer Group 16 Comparison Group Overall
18) Changes in Business Lending by Loan Category Across all of the four loan categories that comprise business lending, SBLF banks reported median increases in business lending while both the peer group and comparison group generally reported smaller median increases. The following graph compares median changes in business lending by SBLF banks and the peer and comparison bank groups across the four loan categories. Changes in Business Lending by Loan Category Median Change in Loan Category over Baseline Levels (%) (Reported as of June 30, 2015) 100% 90% 90% 80% 83% 78% 83% 85% 70% 60% 50% 40% 30% 20% 34%29% 23% 22% 12% 13% 36% 28% 24%21% 10% 0% -10% Commercial & Industrial Owner Occupied CRE SBLF Banks Agricultural Production Peer Group 17 Farmland Comparison Group Overall
19) Changes in Business Lending by Financial Condition Across all ranges of financial condition as measured by Texas ratio17, SBLF banks reported higher median increases in business lending than both the peer group and the comparison group. The following graph compares median changes in business lending by SBLF banks and the peer and comparison groups across four categories of Texas ratios. Changes in Business Lending by Financial Condition (Reported as of June 30, 2015) Median Change in Business Lending over Baseline Levels (%) 140% 120% 120% 100% 87% 85% 80% 40% 65% 63% 60% 37%35% 29%29% 28% 21% 24% 21% 15% 20% 0% 0% -20% Less than 10% 10.0% - 19.9% 20.0% - 29.9% 30% or Greater Overall Texas Ratio SBLF Banks Peer Group 17 Comparison Group The Texas ra tio is used as a proxy for the financial condition of the i nstitution, a nd i s defined a s the institution’s nonperforming assets plus l oa ns 90 days or more past due a ll divided by the i nstitution’s ta ngible equity pl us loan loss reserves. 18
20) LENDING BY FORMER CAPITAL PURCHASE PROGRAM (CPP) PARTICIPANTS The Act authorized Treasury to allow CPP participants that met certain requirements to refinance CPP investments into SBLF. In total, 137 institutions repaid a CPP investment in connection with an SBLF closing. These banks received $2.7 billion in SBLF funding and used $2.2 billion of this capital to repay outstanding CPP balances. This section of the report includes information on the 99 institutions that repaid a CPP investment in connection with an SBLF closing and continue to participate in the program. Small Business Lending Increases by Former CPP Participants In total, institutions that received CPP funding and refinanced these investments reported a $7.4 billion increase in small business lending over baseline levels, with a median increase of 41 percent. By comparison, these institutions would have needed to increase small business lending by at least $1.9 billion in aggregate to achieve the maximum program incentive (as defined previously). To date, 97 percent of institutions that refinanced CPP investments have increased their small business lending over baseline levels and 92 percent have increased their small business lending by 10 percent or more. Of the 3 institutions (3 percent) that report decreases in small business lending over baseline levels, one has increased lending in the period between the baseline and Treasury’s investment by the amount of $6.9 million. 19
21) Changes in Business Lending by Former CPP Participants Banks that received CPP funding and refinanced these investments through SBLF reported a significant median increase in business lending following receipt of the initial CPP investments. These institutions also reported a median increase from the SBLF baseline period. SBLF banks that refinanced CPP funding reported a median increase in business lending of 80.5 percent since their initial receipt of CPP funding from Treasury. These participants also reported that their business lending has increased by a median of 62.5 percent since the baseline period. The peer group of non-SBLF banks reported a median increase in business lending of 29.0 percent since the reporting date following the CPP closings and the comparison group reported a median increase in business lending of 24.0 percent over the same period. Since the baseline period, the peer group has increased business lending by a median of 27.1 percent and the comparison group has increased business lending by 21.4 percent, as previously noted. Increases in business lending following the CPP investment prior to the baseline period would generally have the effect of increasing the reported baseline, thereby reducing the percentage increase in business lending reported since the baseline period. Changes in Business Lending by Former CPP Participants 18 Median Change in Business Lending since Initial and Baseline Levels (%) (Reported as of June 30, 2015) 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 80.5% 62.5% 29.0% 27.1% 24.0% 21.4% Change in Business Lending Since Initial Treasury Change in Business Lending Since Baseline Investment CPP Refinance Participants Peer Group Comparison Group Dividend Rates Payable by Institutions that Refinanced CPP Investments Institutions that refinance capital from CPP benefit from the dividend or interest rate incentive provided by SBLF only if they increase their small business lending over baseline levels. As of June 30, 2015, banks that refinanced CPP capital pay an average dividend or interest rate of 1.31 percent on SBLF funding, whereas other bank participants pay an average rate of 1.08 percent.19 18 For the 108 former CPP pa rti cipants, the median increase i n business lending reflected i n th e first column is measured from the first reporting da te a fter each participant received its initial CPP ca pital to June 30, 2015. Beca use the median CPP refi nance participant received this capital duri ng the first quarter of 2009, the median i ncrease in business lending for the peer and comparison groups is measured from Ma rch 31, 2009 to June 30, 2015 for thi s calculation. This ca lculation excludes two SBLF participants that were former CPP pa rti cipants but were subsequentl y a cquired following the receipt of SBLF funding. 19 Thes e figures a re a djusted to a ccount for differences in the rates paid by s ubchapter S corporations a nd mutual institutions. 20
22) APPENDICES A. B. C. D. Report Methodology Changes in Lending Since Initial SBLF Investments Institution-Specific Reporting on Small Business Lending by SBLF Participants Institution-Specific Reporting on Business Lending by SBLF Banks 21
23) APPENDIX A: REPORT METHODOLOGY This report provides information on changes in small business lending, business lending, and other (non-business related) lending by SBLF participants as of June 30, 2015, relative to baseline levels. For each institution analyzed for this report, changes in lending are measured as the dollar value or percentage change, as noted, in lending between June 30, 2015 and the baseline period, unless otherwise specified. The baseline is calculated as the average of the applicable loan amounts that the institution reported for each of the four calendar quarters ended June 30, 2010. Measurement of Small Business Lending SBLF participants, which include banks and community development loan funds (CDLFs), report changes in small business lending by submitting quarterly reports to Treasury. This information is aggregated and presented in summary form in the “Increases in Small Business Lending Over Baseline Levels” section of this report. The Act defines “small business lending” as business loans that are ( i) $10 million or less in amount to businesses with $50 million or less in revenue and (ii) included in one of the following categories: • • • • Commercial and industrial loans Owner-occupied nonfarm, nonresidential real estate loans (“owner-occupied CRE”) Loans to finance agricultural production and other loans to farmers (“agricultural production”) Loans secured by farmland (“farmland”) The SBLF program terms provide for additional adjustments to the calculation of small business lending relating to net charge-offs and portions of loans guaranteed by the U.S. government or for which risk has been assumed by third parties, as well as mergers and acquisitions and purchases of loans. Changes in small business lending are calculated as the difference between the level of loans outstanding as of June 30, 2015 and the baseline amount. Participants report their baseline and changes in small business lending by submitting quarterly supplemental reports to Treasury. The most recent supplemental report includes lending information as of June 30, 2015. Participants are required to revise prior period submissions of small business lending data if inaccuracies are identified. Treasury publishes this updated inf ormation quarterly in its Report on SBLF Participants’ Small Business Lending Growth (previously titled the SBLF Use of Funds Report). This report includes restatements of prior period institution-specific information in the report appendices, which are also available in Microsoft Excel format. These resubmissions may yield minor differences in reporting, with each report including the most recent available data for the then-current period as well as all prior periods. Because the most recent information available for all periods is included in each quarterly report, Treasury does not generally revise prior period reports to reflect these resubmissions. When a SBLF participant exits the program, the associated changes to qualified small business lending are removed from the total qualified small business growth calculation in the quarter of redemption, as well as all future reporting periods. Institution-specific reporting on changes in small business lending by SBLF participants is presented in Appendix C. Measurement of Business Lending and Other Lending This report provides information on changes in “business lending” and “other lending” by SBLF bank participants relative to (i) a representative peer group of 374 community banks that were selected to match the specific size, 22
24) geography, and financial condition of SBLF banks and (ii) a broader comparison group of all 5,581 similarly-sized community banks that are located in one of the 44 states in which SBLF banks are headquartered and that engaged in business lending. The report also analyzes changes in business lending for the subset of SBLF banks that refinanced into the program from Treasury’s Capital Purchase Program (CPP). To obtain information regarding business and other lending by SBLF banks and the two non -SBLF bank groups, Treasury accessed information from SNL Financial, a private financial database that contains publicly-filed regulatory and financial reports. In contrast to small business lending, “business lending” refers to the same four categories of loans referenced in the definition of small business lending without exclusions for loans to businesses that are more than $10 million and loans to businesses with more than $50 million in revenue, and without the additional adjustments used in SBLF’s calculation of small business lending. Because the banks in the non-SBLF bank groups are not program participants and do not report small business lending as defined by the program terms, this analysis uses business lending as proxy for small business lending activities. Most business lending reported by SBLF banks qualifies as small business lending. For example, as of June 30, 2015, small business lending totaled 95.0 percent of business lending by dollar value for the median SBLF bank. Changes in business and other lending are calculated as the difference between the level of loans outstanding as of June 30, 2015 and the baseline amount. The baseline is calculated as the average of the business loans outstanding that the institution reported for each of the four calendar quarters ended June 30, 2010. Changes in other lending are calculated based on the institution’s total loans and leases, including loans held for sale, less the amount of business loans outstanding. For former CPP participants, this report includes a calculation of the median increase in business lending since they received their initial CPP investment in the “Lending by Former Capital Purchase Program (CPP) Participants” section. For this section, bank-specific changes in lending for this calculation are measured from the first quarterly reporting date after the bank received its initial CPP investment to June 30, 2015. This section also includes a calculation of the median increase in business lending by the non-SBLF bank groups from March 31, 2009 (the first reporting date after the median CPP participant received its initial CPP investment) to June 30, 2015. As noted, the definition of “banks” in this report encompasses both banks and thrifts. Prior to March 31, 2012, many thrifts reported lending on Thrift Financial Reports (TFRs), rather than the Call Reports used by banks. Call Reports segment nonfarm, nonresidential real estate loans into separate owner-occupied and non-owner occupied categories, and only those loans classified as owner-occupied are eligible for inclusion in business lending. This distinction, however, is not readily accessible in TFR filings. To adjust for this difference, the analysis in this report calculates owner-occupied nonfarm, nonresidential real estate as a percentage of total nonfarm, nonresidential real estate as of March 31, 2012 for each thrift institution. The resulting percentage is applied to nonfarm, nonresidential real estate loan balances from TFRs filed prior to March 31, 2012, including those used in the calculation of baseline values. As of the quarter ended March 31, 2012, all banks, thrifts, and bank and thrift holding companies file Call Reports. This comparative information will be updated periodically. Institution-specific reporting on changes in business lending by SBLF banks is presented in Appendix D. 23
25) Calculation of Median Changes in Lending In comparing SBLF banks to the non-SBLF bank groups, this report generally describes the median percentage change in lending. The median measure is used for these comparisons because it more closely describes the lending activities of the typical institution in each group than would a calculation of the arithmetic mean (which is subject to skew by outlying measures) or the weighted average (which is subject to concentration effects, given the distribution of institution asset sizes within the SBLF portfolio). Institutions that report a baseline value of zero for the relevant measure are excluded from the median calculation. Selection of Non-SBLF Bank Comparison Group and Peer Group In describing changes in business lending, this report compares the group of 213 banks that continue to participate in the SBLF program to a broad comparison group of non-SBLF banks and a representative peer group selected from the broader comparison group: • Comparison Group. The comparison group is comprised of the 5,581 non-SBLF insured depository institutions that (i) were established prior to March 31, 2009, (ii) had total assets between $7.0 million and $6.4 billion (the range of total assets for SBLF banks) as of March 31, 2011, which is the end of the first quarter prior to SBLF banks receiving funding, (iii) are located in one of the 44 states in which SBLF banks are headquartered, and (iv) reported a positive amount of business lending in the baseline period. Each quarter, institutions are removed from the initial comparison group if they are merged into another institution or closed. As of June 30, 2015, a total of 836 institutions have been removed from the initial 6,417 institution comparison group for these reasons. While the comparison group includes banks that share the aforementioned characteristics with SBLF banks, the selection criteria for the group does not imply that it has the same distribution with respect to size, geography, or financial condition as the portfolio of SBLF banks. • Peer Group. The peer group is comprised of 374 non-SBLF insured depository institutions that share certain size, geographic, and financial characteristics with the group of SBLF bank participants. For each SBLF participant bank, two peer banks were selected from the comparison group. The institutions selected were generally the two banks with the closest Texas ratios that were located within the same state and asset size category as the SBLF participant as of March 31, 2011 (the quarter immediately prior to Treasury’s first SBLF investment). The five categories of asset size in this analysis are (i) $7 to $99 million, (ii) $100 to $249 million, (iii) $250 to $499 million, (iv) $500 to $999 million, and (v) $1.0 to $6.4 billion. The Texas ratio is used as a proxy for the financial condition of the institution, and is defined as the institution’s nonperforming assets plus loans 90 days or more past due all divided by the institution’s tangible equity plus loan loss reserves. For example, an SBLF bank based in Ohio with $750 million in assets and a Texas ratio of 20 percent would be matched with the two, Ohio-based banks in the $500 to $999 million asset size category that have Texas ratios closest to 20 percent. In those instances in which SBLF banks have an overlapping peer bank, the same peer is not used in the peer group more than once. Instead, the peer is assigned to the SBLF bank with the closest Texas ratio and the other SBLF bank is assigned to its next closest peer. Peer institutions were selected as of March 31, 2011. This analysis removes institutions from the peer group if (i) the corresponding SBLF bank fully redeems its SBLF securities and exits the program or (ii) in the case of the 24
26) acquisition of the peer, its merger into another institution, or closure. As of June 30, 2015, a total of 101 institutions have been removed from the peer group as a result of SBLF participants exiting the program and 51 have been removed as a result of mergers or acquisitions of the peer institutions. The following table is a summary of the size, Texas ratio, and geographic distribution of SBLF bank participants, the peer group, and the comparison group. Summary of the Characteristics of SBLF Banks, the Peer Group, and the Comparison Group SBLF Banks Number of institutions Peer Group Comparison Group 213 374 5,581 Increase in business lending (median) 84.7% 24.0% 21.4% Increase in other lending (median) 63.5% 16.4% 8.0% Median $291,296 $268,124 $145,531 Mean $542,054 $431,175 $311,348 Median 15.3% 15.7% 16.5% Mean 17.8% 18.7% 28.5% Midwest 67.9% 27.8% 23.4% Northeast 86.5% 23.7% 26.2% South 101.3% 21.8% 16.5% West 103.2% 19.2% 22.2% Assets ($000s) Texas Ratio Region (% of institutions) 25
27) APPENDIX B: CHANGES IN LENDING SINCE INITIAL SBLF INVESTMENTS The table on this page includes the aggregate increases in qualified small business lending by participants since the initial SBLF investments.20 Additionally, it shows quarter-over-quarter changes in the number of participants reporting lending in the five ranges of small business loan growth that correspond to various dividend or interest rates payable on SBLF securities. Please see Appendix D for institution-specific reporting of small business lending by SBLF participants. Participant Changes in Qualified Small Business Lending Since Initial SBLF Investments (Q3 2011) Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Cumulative Increase in Small Business Lending ($ in Billions) $1.3 $1.7 $3.1 $3.9 $5.2 $5.4 $6.8 $7.4 $8.7 $8.6 $9.8 $10.6 $11.6 $11.9 $11.8 Under 2.5% or Reduced 156 137 93 84 65 70 47 40 31 34 26 20 17 15 13 2.5 to 4.9% Increase 46 37 39 20 17 17 6 10 9 8 13 5 6 3 5 5.0 to 7.4% Increase 45 31 26 22 17 18 18 9 8 9 3 9 6 6 7 7.5 to 9.9% Increase 27 27 26 31 20 12 16 15 12 9 8 7 4 8 6 10.0% or Greater Increase 58 100 147 169 201 200 228 233 238 235 240 239 241 235 228 Change in Small Business Lending (# of Participants) 20 In thi s analysis, the point of SBLF investment is defined as Q3 2011 a nd is measured as the change in l ending between September 30, 2011 a nd September 30, 2014. The fi rst four of Treasury’s i nvestments in SBLF participants were made i n the quarter ended June 30, 2011, wi th all s ubsequent investments made in the quarter ended September 30, 2011. 26
28) The table on this page includes results for the SBLF banks, peer group, and comparison group for business lending since the initial SBLF investments. The information reported herein is based on Call Report data from December 2013 and the methodology described in Appendix A. 27
29) Measurement of Lending by SBLF Banks, Peer Group, and Comparison Group Since Initial SBLF Investments (Q3 2011) SBLF Banks Peer Group Comparison Group Number of institutions 213 372 5,573 Changes in Business and Other Lending Increase in Business Lending (median) Increase in Other Lending (median) Increase in Business Lending (mean) Increase in Business Lending (standard dev.) Institutions that Increased Business Lending by 10% or more Institutions that Reduced Business Lending Distribution of Changes in Business Lending 10.0% or Greater Decrease 0.1% to 9.9% Decrease 0.0% to 9.9% Increase 10.0% to 19.9% Increase 20.0% to 39.9% Increase 40.0% or Greater Increase Changes in Business Lending by Regional Geography Midwest Southwest Southeast Mid-Atlantic West Northeast Changes in Business Lending by Institution Size $7.0 to $249 Million $250 to $499 Million $500 to $999 Million $1.0 to $6.4 Billion Changes in Business Lending by Loan Category Commercial & Industrial Owner-Occupied CRE Agricultural Production Farmland Changes in Business Lending by Texas Ratio Less than 10% 10.0% to 19.9% 20.0% to 29.9% 30.0% or Greater Changes in Business Lending by Former CPP Participants Increase in Business Lending since SBLF Investment % 54.7 49.6 71.2 59.0 91.1 4.2 % 18.5 16.7 32.3 54.0 60.5 29.0 % 18.6 11.4 27.3 47.9 59.8 29.4 1.9 2.3 4.7 9.4 18.3 63.4 17.5 11.6 10.5 12.6 17.5 30.4 19.7 9.7 10.7 11.3 19.7 28.8 51.5 79.7 50.0 51.6 48.5 58.3 19.2 22.3 13.4 20.5 32.2 11.5 19.7 26.7 7.7 16.1 24.3 19.8 55.1 56.6 41.0 63.8 17.7 16.5 18.9 30.7 18.8 17.0 19.3 24.0 53.8 51.6 55.1 55.5 21.9 14.0 26.4 27.3 16.2 8.3 26.4 26.3 57.8 59.1 49.8 52.7 20.5 20.5 18.6 14.4 24.1 23.0 18.8 6.8 50.9 18.5 18.6 28
30) APPENDIX C: INSTITUTION-SPECIFIC REPORTING ON SMALL BUSINESS LENDING BY SBLF PARTICIPANTS 29
31) Institutions Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name City State Bank or CDLF? SBLF Funding Outstanding Baseline Level Qualified Small Business Lending as of 6/30/2015 Increase (Decrease) % Change over Current Level over Baseline Baseline Current Rate Southern States Bancshares, Inc. Anniston AL Bank 7,492,000 53,588,000 100,309,000 46,721,000 87.19% 1.00% BancIndependent, Incorporated Sheffield AL Bank 30,000,000 241,790,000 338,399,000 96,609,000 39.96% 1.00% First Partners Bank (SouthCity Bank) Vestavia Hills AL Bank 5,200,000 39,071,000 56,887,000 17,816,000 45.60% 1.00% Rock Bancshares, Inc. Little Rock AR Bank 6,742,000 56,208,000 105,213,000 49,005,000 87.19% 1.50% Simmons First National Corporation (Community First Bancshares, Inc.) Little Rock AR Bank 30,852,000 1,546,842,000 1,692,741,000 145,899,000 9.43% 1.00% Western Alliance Bancorporation Phoenix AZ Bank 70,500,000 2,474,640,000 2,646,870,000 172,230,000 6.96% 1.00% First Northern Community Bancorp Dixon CA Bank 12,847,000 225,762,000 295,841,000 70,079,000 31.04% 1.00% 1.00% Community Valley Bank El Centro CA Bank 1,800,000 36,532,000 267.73% CU Bancorp (1st Enterprise Bank) Encino CA Bank 16,400,000 340,835,000 725,443,000 384,608,000 13,645,000 112.84% 1.00% Redwood Capital Bancorp Eureka CA Bank 7,310,000 40.71% 1.00% Banc of California, Inc. (First PacTrust Bancorp, Inc.) Irvine CA Bank 42,000,000 568,663,000 775,231,000 206,568,000 36.33% 1.00% Silvergate Capital Corporation La Jolla CA Bank 7,427,000 9,115,000 9,655,000 105.92% 2.14% California Bank of Commerce Lafayette CA Bank 11,000,000 73,565,000 243,230,000 169,665,000 230.63% 1.00% ProAmérica Bank (Promérica Bank) Los Angeles CA Bank 3,750,000 43,274,000 67,435,000 24,161,000 55.83% 1.00% GBC Holdings, Inc. Los Angeles CA Bank 5,000,000 81,993,000 97,077,000 15,084,000 18.40% 1.00% Partners Bank of California Mission Viejo CA Bank 2,463,000 54,729,000 53,494,000 (1,235,000) â€2.26% 3.00% Bank of Commerce Holdings Redding CA Bank 20,000,000 200,059,000 266,463,000 66,404,000 33.19% 1.00% Security California Bancorp Riverside CA Bank 7,200,000 164,981,000 268,619,000 103,638,000 62.82% 1.00% Seacoast Commerce Banc Holdings (Seacoast Commerce Bank) San Diego CA Bank 4,000,000 45,347,000 102,570,000 57,223,000 126.19% 1.00% Capital Bank San Juan Capistrano CA Bank 3,132,000 16,458,000 95,843,000 79,385,000 482.35% 1.00% Founders Bancorp San Luis Obispo CA Bank 4,178,000 35,399,000 42,290,000 6,891,000 19.47% 1.00% 46,088,000 50,177,000 64,849,000 18,770,000 18,761,000 The Bank of Santa Barbara Santa Barbara CA Bank 1,882,380 22,776,000 52,628,000 29,852,000 131.07% 1.00% Summit State Bank Santa Rosa CA Bank 13,750,000 82,734,000 123,199,000 40,465,000 48.91% 1.00% Columbine Capital Corp. Buena Vista CO Bank 6,050,000 44,150,000 89,252,000 45,102,000 102.16% 1.00% Stockmens Bank (The State Bank of Bartley) Colorado Springs CO Bank 2,380,000 29,743,000 48,651,000 18,908,000 63.57% 1.50% CIC Bancshares, Inc. Denver CO Bank 1,772,000 87,266,000 149,616,000 62,350,000 71.45% 1.00% Verus Acquisition Group, Inc. Fort Collins CO Bank 9,740,000 66,000,000 65,000,000 (1,000,000) â€1.52% 1.00% Morgan Capital Corporation Fort Morgan CO Bank 3,250,000 27,381,000 40,448,000 13,067,000 47.72% 1.91% Salisbury Bancorp, Inc. Lakeville CT Bank 16,000,000 208,120,000 256,375,000 48,255,000 23.19% 1.00% Bankwell Financial Group, Inc. (BNC Financial Group, Inc.) New Canaan CT Bank 10,980,000 78,178,000 276,833,000 198,655,000 254.11% 1.00% SBT Bancorp, Inc. Simsbury CT Bank 9,000,000 34,899,000 62,822,000 27,923,000 80.01% 1.00% Community Bank Delaware Lewes DE Bank 4,500,000 32,823,000 42,642,000 9,819,000 29.91% 1.80% Platinum Bank Holding Co. (Platinum Bank) Brandon FL Bank 13,800,000 166,747,000 215,668,000 48,921,000 29.34% 1.50% Marquis Bank Coral Gables FL Bank 3,500,000 11,273,000 58,384,000 47,111,000 417.91% 1.00% FineMark Holdings, Inc. Fort Myers FL Bank 5,665,000 25,709,000 99,383,000 73,674,000 286.57% 1.00% Sunshine Bancorp, Inc. (Community Southern Bank) Lakeland FL Bank 5,700,000 71,091,000 113,993,000 42,902,000 60.35% 1.00% Bank of Central Florida Lakeland FL Bank 7,000,000 65,574,000 126,013,000 60,439,000 92.17% 1.00% Ovation Holdings, Inc. Naples FL Bank 5,000,000 30,742,000 51,024,000 20,282,000 65.97% 1.00% 1.00% Jefferson Bankshares, Inc. (Jefferson Bank of Florida) Oldsmar FL Bank 3,367,000 14,704,000 49,410,000 34,706,000 236.03% HomeBancorp, Inc. Tampa FL Bank 7,398,000 12,298,000 29,515,000 17,217,000 140.00% 1.00% Florida Business BancGroup, Inc. Tampa FL Bank 15,360,000 101,505,000 164,898,000 63,393,000 62.45% 1.00% Resurgens Bancorp Atlanta GA Bank 2,967,000 18,065,000 27,432,000 9,367,000 51.85% 1.50% United Community Banks, Inc. (Moneytree Corporation) Blairsville GA Bank 9,992,000 69,543,000 72,514,000 2,971,000 4.27% 1.00% The Peoples Bank of Talbotton Talbotton GA Bank 890,000 5,943,000 11,512,000 5,569,000 93.71% 1.00%
32) Institutions Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name City State Bank or CDLF? SBLF Funding Outstanding Baseline Level Qualified Small Business Lending as of 6/30/2015 Increase (Decrease) % Change over Current Level over Baseline Baseline Current Rate Lowndes Bancshares, Inc. Valdosta GA Bank 6,000,000 41,214,000 54,056,000 12,842,000 31.16% 1.00% Heartland Financial USA, Inc. Dubuque IA Bank 81,698,000 1,525,741,000 1,761,081,000 235,340,000 15.42% 1.00% Liberty Financial Services, Inc. Sioux City IA Bank 7,000,000 67,844,000 126,204,000 58,360,000 86.02% 1.00% Commercial Financial Corp Storm Lake IA Bank 18,000,000 251,677,000 5,559,000 (246,118,000) â€97.79% 1.00% D.L. EVANS BANCORP Burley ID Bank 14,891,000 380,372,000 418,693,000 38,321,000 10.07% 3.00% Southern Illinois Bancorp, Inc. Carmi IL Bank 6,750,000 50,135,000 53.64% 1.00% First Busey Corporation Champaign IL Bank 72,664,000 572,525,000 729,989,000 157,464,000 27.50% 1.00% United Community Bancorp, Inc. Chatham IL Bank 22,262,000 330,565,000 427,158,000 96,593,000 29.22% 1.50% Illinois State Bancorp, Inc. Chicago IL Bank 10,026,000 84,347,000 24,159,000 40.14% 1.00% Signature Bancorporation, Inc. Chicago IL Bank 12,500,000 123,830,000 212,321,000 88,491,000 71.46% 1.00% Prime Banc Corp. Dieterich IL Bank 10,000,000 98,284,000 198,132,000 99,848,000 101.59% 1.00% First Eldorado Bancshares, Inc. Eldorado IL Bank 3,000,000 41,312,000 117,626,000 76,314,000 184.73% 1.50% First Community Financial Corporation Elgin IL Bank 6,100,000 32,801,000 35,541,000 2,740,000 8.35% 1.00% 57,311,000 90,245,000 93,472,000 143,607,000 60,188,000 Merchants and Manufacturers Bank Corporation Joliet IL Bank 6,800,000 32,934,000 57.47% 1.00% Triâ€County Financial Group, Inc. Mendota IL Bank 20,000,000 161,867,000 278,631,000 116,764,000 72.14% 1.00% Bancorp Financial, Inc. Oak Brook IL Bank 14,643,000 47,486,000 32,574,000 218.44% 2.69% People First Bancshares, Inc. Pana IL Bank 9,198,000 129,986,000 177,278,000 47,292,000 36.38% 1.50% First Bankers Trustshares, Inc. Quincy IL Bank 10,000,000 153,258,000 192,951,000 39,693,000 25.90% 1.00% Community Illinois Corporation Rock Falls IL Bank 4,500,000 78,909,000 97,202,000 18,293,000 23.18% 1.00% Town and Country Financial Corporation Springfield IL Bank 5,000,000 91,149,000 142,391,000 51,242,000 56.22% 1.00% First Savings Financial Group, Inc. Clarksville IN Bank 17,120,000 58,334,000 94,926,000 36,592,000 62.73% 1.00% Horizon Bancorp Michigan City IN Bank 12,500,000 224,567,000 297,461,000 72,894,000 32.46% 1.00% AMB Financial Corp. Munster IN Bank 3,858,000 25,349,000 4,053,000 19.03% 1.00% Your Community Bankshares Inc. (Community Bank Shares of Indiana, InNew Albany IN Bank 28,000,000 260,928,000 312,653,000 51,725,000 19.82% 1.57% Bern Bancshares, Inc. Bern KS Bank 1,500,000 23,043,000 32,996,000 9,953,000 43.19% 1.00% Brotherhood Bancshares, Inc. Kansas City KS Bank 4,000,000 55,235,000 28,271,000 (26,964,000) â€48.82% 7.00% UBT Bancshares, Inc. Marysville KS Bank 16,500,000 159,008,000 271,958,000 112,950,000 71.03% 1.00% Osborne Investments, Inc. Osborne KS Bank 1,000,000 14,565,000 29,887,000 15,322,000 105.20% 1.50% Freedom Bancshares, Inc. Overland Park KS Bank 4,000,000 31,191,000 38,796,000 7,605,000 24.38% 1.00% Equity Bancshares, Inc. Wichita KS Bank 16,372,000 274,732,000 361,408,000 86,676,000 31.55% 1.00% Magnolia Bancshares Inc. Hodgenville KY Bank 2,000,000 30,631,000 52,983,000 22,352,000 72.97% 1.50% 78,649,000 78,795,000 146,000 14,912,000 21,296,000 FCB Bancorp, Inc. Louisville KY Bank 9,759,000 0.19% 1.00% First Guaranty Bancshares, Inc. Hammond LA Bank 39,435,000 186,883,000 228,143,000 41,260,000 22.08% 1.00% MidSouth Bancorp, Inc. LaFayette LA Bank 32,000,000 401,918,000 575,624,000 173,706,000 43.22% 1.00% Progressive Bancorp, Inc. Monroe LA Bank 12,000,000 104,272,000 166,124,000 61,852,000 59.32% 1.00% First NBC Bank Holding Company New Orleans LA Bank 37,935,000 370,388,000 599,739,000 229,351,000 61.92% 1.00% Community Trust Financial Corporation Ruston LA Bank 48,260,000 387,778,000 763,255,000 375,477,000 96.83% 1.00% Provident Bancorp, Inc. Amesbury MA Bank 17,145,000 182,400,000 84,302,000 98,098,000 116.36% 1.00% Leader Bancorp, Inc. Arlington MA Bank 12,852,000 30,398,000 81,008,000 50,610,000 166.49% 1.00% Island Bancorp, Inc. Edgartown MA Bank 2,000,000 23,581,000 36,317,000 12,736,000 54.01% 1.00% New England Bancorp, Inc. Hyannis MA Bank 4,000,000 46,716,000 76,342,000 29,626,000 63.42% 1.00% StonehamBank, A Coâ€operative Bank Stoneham MA Bank 6,906,500 46,880,000 117,763,000 70,883,000 151.20% 1.50% Monument Bank (MD) Bethesda MD Bank 5,675,000 37,823,000 35,275,000 93.26% 1.00% Eagle Bancorp, Inc. Bethesda MD Bank 71,900,000 588,762,000 914,846,000 326,084,000 55.38% 1.00% 73,098,000
33) Institutions Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name City State Bank or CDLF? SBLF Funding Outstanding Baseline Level Qualified Small Business Lending as of 6/30/2015 Increase (Decrease) % Change over Current Level over Baseline Baseline Current Rate Howard Bancorp, Inc. Ellicott City MD Bank 12,562,000 174,762,000 249,936,000 75,174,000 43.02% 1.00% Birmingham Bloomfield Bancshares, Inc. Birmingham MI Bank 4,621,000 31,434,000 93.02% 1.00% Level One Bancorp, Inc. Farmington Hills MI Bank 11,301,000 131,388,000 319,374,000 187,986,000 143.08% 1.00% Huron Valley Bancorp, Inc. (Huron Valley State Bank) Milford MI Bank 2,597,000 21,470,000 49,635,000 28,165,000 131.18% 1.00% Valley Financial Group, Ltd. Saginaw MI Bank 1,000,000 73,968,000 104,528,000 30,560,000 41.32% 1.00% Crestmark Bancorp, Inc. Troy MI Bank 8,250,000 198,199,000 449,284,000 251,085,000 126.68% 1.00% MidWest Bancorporation, Inc. Eden Prairie MN Bank 1,500,000 71,952,000 118,040,000 46,088,000 64.05% 1.50% Financial Services of Winger, Inc. Fosston MN Bank 3,051,000 60,984,000 106,739,000 45,755,000 75.03% 1.50% Kerkhoven Bancshares, Inc Kerkhoven MN Bank 1,500,000 24,950,000 42,047,000 17,097,000 68.53% 1.50% Platinum Bancorp, Inc. Oakdale MN Bank 4,453,000 44,920,000 58,379,000 13,459,000 29.96% 1.50% Redwood Financial, Inc. Redwood Falls MN Bank 6,425,000 53,010,000 92,130,000 39,120,000 73.80% 1.00% McLeod Bancshares, Inc. Shorewood MN Bank 4,000,000 64,344,000 53,175,000 (11,169,000) â€17.36% 7.00% Heritage Bancshares Group, Inc. Willmar MN Bank 11,000,000 149,302,000 211,371,000 62,069,000 41.57% 1.50% Fortune Financial Corporation Arnold MO Bank 3,255,000 54,252,000 7,334,000 15.63% 7.00% Security State Bancshares, Inc. Charleston MO Bank 22,000,000 178,876,000 270,759,000 91,883,000 51.37% 1.50% Triad Bancorp, Inc. Frontenac MO Bank 5,000,000 71,465,000 40,712,000 132.38% 1.00% Liberty Bancorp, Inc. Liberty MO Bank 16,169,000 114,583,000 135,448,000 20,865,000 18.21% 1.00% Southern Missouri Bancorp, Inc. Poplar Bluff MO Bank 20,000,000 248,276,000 304,668,000 56,392,000 22.71% 1.00% Great Southern Bancorp, Inc. Springfield MO Bank 57,943,000 249,729,000 383,526,000 133,797,000 53.58% 1.00% Cardinal Bancorp II, Inc. Washington MO Bank 6,251,000 62,590,000 74,165,000 11,575,000 18.49% 1.50% Bancorp of Montana Holding Company Missoula MT Bank 1,460,000 3,332,000 13,856,000 10,524,000 315.85% 1.50% Premara Financial, Inc. Charlotte NC Bank 6,238,000 58,881,000 64,234,000 5,353,000 9.09% 1.00% Select Bancorp, Inc. Dunn NC Bank 7,645,000 150,180,000 200,151,000 49,971,000 33.27% 1.00% Union Bank & Trust Company Oxford NC Bank 6,200,000 38,779,000 64,628,000 25,849,000 66.66% 1.00% Providence Bank Rocky Mount NC Bank 4,250,000 32,074,000 40,008,000 7,934,000 24.74% 1.00% First Bancorp Troy NC Bank 31,500,000 496,528,000 641,365,000 144,837,000 29.17% 1.00% Live Oak Bancshares, Inc. Wilmington NC Bank 6,800,000 53,679,000 344,071,000 290,392,000 540.98% 1.50% Western State Agency, Inc. Devils Lake ND Bank 12,000,000 154,511,000 359,192,000 204,681,000 132.47% 1.00% Alerus Financial Corporation Grand Forks ND Bank 20,000,000 299,876,000 495,513,000 195,637,000 65.24% 1.00% Banner County Ban Corporation Harrisburg NE Bank 2,427,000 80,856,000 30,538,000 60.69% 1.50% First State Holding Co. (Wilber Co.) Lincoln NE Bank 12,000,000 149,493,000 209,484,000 59,991,000 40.13% 1.50% Adbanc Inc. Ogallala NE Bank 15,000,000 250,743,000 361,542,000 110,799,000 44.19% 1.00% Northway Financial, Inc. Berlin NH Bank 23,593,000 113,897,000 122,595,000 8,698,000 7.64% 1.00% First Colebrook Bancorp, Inc. Colebrook NH Bank 8,623,000 85,451,000 23,475,000 37.88% 1.00% Lake Sunapee Bank Group (New Hampshire Thrift Bancshares, Inc.) Newport NH Bank 8,000,000 177,414,000 248,249,000 70,835,000 39.93% 1.00% Guaranty Bancorp, Inc. Woodsville NH Bank 7,000,000 99,201,000 23,880,000 31.70% 1.00% ConnectOne Bancorp Inc. (Center Bancorp, Inc.) Englewood Cliffs NJ Bank 11,250,000 557,777,000 645,467,000 87,690,000 15.72% 1.00% Harmony Bank Jackson NJ Bank 3,500,000 15,897,000 58,744,000 42,847,000 269.53% 1.00% Regal Bank Livingston NJ Bank 7,000,000 25,872,000 38,709,000 12,837,000 49.62% 1.00% Freedom Bank Maywood NJ Bank 4,000,000 32,445,000 61,991,000 29,546,000 91.06% 1.00% Stewardship Financial Corporation Midland Park NJ Bank 237,946,000 15,000,000 207,925,000 30,021,000 14.44% 4.56% Hopewell Valley Community Bank Pennington NJ Bank 11,000,000 92,334,000 141,955,000 49,621,000 53.74% 1.00% Two River Bancorp (Community Partners Bancorp) Tinton Falls NJ Bank 6,000,000 173,978,000 242,041,000 68,063,000 39.12% 1.00% Highlands Bancorp, Inc. Vernon NJ Bank 6,853,000 75,022,000 221.31% 1.00% 33,793,000 46,918,000 30,753,000 50,318,000 61,976,000 75,321,000 65,227,000 33,899,000 108,921,000
34) Institutions Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name City State Bank or CDLF? SBLF Funding Outstanding Baseline Level Qualified Small Business Lending as of 6/30/2015 Increase (Decrease) % Change over Current Level over Baseline Baseline 26,575,000 Current Rate Crest Savings Bancorp, Inc. Wildwood NJ Bank 2,500,000 23,276,000 3,299,000 14.17% 1.00% Meadows Bank Las Vegas NV Bank 8,500,000 47,672,000 179,305,000 131,633,000 276.12% 1.00% Alma Bank Astoria NY Bank 19,000,000 91,798,000 309,009,000 217,211,000 236.62% 1.00% Kinderhook Bank Corp. Kinderhook NY Bank 7,000,000 49,892,000 75,412,000 25,520,000 51.15% 1.00% 1.00% Pathfinder Bancorp, Inc. Oswego NY Bank 13,000,000 70,953,000 147,030,000 76,077,000 107.22% Greater Rochester Bancorp, Inc. Rochester NY Bank 7,000,000 58,822,000 150,464,000 91,642,000 155.80% 1.00% Catskill Hudson Bancorp, Inc. Rock Hill NY Bank 9,681,000 116,163,000 149,553,000 33,390,000 28.74% 1.00% Senecaâ€Cayuga Bancorp, Inc. Seneca Falls NY Bank 5,000,000 29,671,000 37,117,000 7,446,000 25.10% 1.00% Community Independent Bancorp Inc. West Salem OH Bank 2,250,000 12,020,000 19,188,000 7,168,000 59.63% 1.00% Columbus First Bancorp, Inc Worthington OH Bank 6,150,000 37,266,000 61,928,000 24,662,000 66.18% 1.00% AmeriBank Holding Company Collinsville OK Bank 5,347,000 33,172,000 72,618,000 39,446,000 118.91% 1.00% Prime Bank Group Edmond OK Bank 4,456,000 20,960,000 60,969,000 40,009,000 190.88% 1.50% Central Service Corporation Enid OK Bank 2,500,000 148,029,000 232,927,000 84,898,000 57.35% 1.50% Regent Capital Corporation Nowata OK Bank 3,350,000 52,719,000 82,230,000 29,511,000 55.98% 1.00% Enterprise Financial Services Group, Inc. Allison Park PA Bank 5,000,000 87,306,000 101,086,000 13,780,000 15.78% 5.00% CBT Financial Corp. Clearfield PA Bank 5,000,000 64,719,000 113,556,000 48,837,000 75.46% 1.00% DNB Financial Corporation Downingtown PA Bank 3,250,000 128,649,000 148,086,000 19,437,000 15.11% 1.00% Monument Bank (PA) Doylestown PA Bank 2,970,000 19,715,000 48,082,000 28,367,000 143.89% 1.00% Covenant Bank (MileStone Bank) Doylestown PA Bank 5,100,000 46,778,000 119,763,000 72,985,000 156.02% 1.00% Emclaire Financial Corp. Emlenton PA Bank 5,000,000 56,761,000 68,294,000 11,533,000 20.32% 2.00% First Resource Bank Exton PA Bank 5,083,000 32,586,000 59,824,000 27,238,000 83.59% 1.00% Centric Financial Corporation Harrisburg PA Bank 7,492,000 51,985,000 112,769,000 60,784,000 116.93% 1.00% AmeriServ Financial, Inc. Johnstown PA Bank 21,000,000 116,684,000 181,272,000 64,588,000 55.35% 1.00% Jonestown Bank and Trust Company Jonestown PA Bank 4,000,000 40,820,000 63,175,000 22,355,000 54.76% 1.00% The Victory Bancorp, Inc. Limerick PA Bank 3,431,000 30,149,000 71,748,000 41,599,000 137.98% 1.00% Mid Penn Bancorp, Inc. (Phoenix Bancorp, Inc.) Millersburg PA Bank 1,750,000 47,153,000 234,708,000 187,555,000 397.76% 1.00% Penn Liberty Financial Corp. Wayne PA Bank 20,000,000 137,280,000 193,024,000 55,744,000 40.61% 1.00% Codorus Valley Bancorp, Inc. York PA Bank 12,000,000 173,982,000 294,126,000 120,144,000 69.06% 1.00% GrandSouth Bancorporation Greenville SC Bank 7,922,000 92,718,000 144,628,000 51,910,000 55.99% 1.00% TCB Corporation Greenwood SC Bank 8,640,000 56,579,000 74,828,000 18,249,000 32.25% 1.50% Carolina Alliance Bank Spartanburg SC Bank 5,000,000 98,693,000 139,480,000 40,787,000 41.33% 1.00% BHCB Holding Company Rapid City SD Bank 2,000,000 34,697,000 71,192,000 36,495,000 105.18% 1.50% Merchants and Planters Bancshares, Inc. Bolivar TN Bank 1,000,000 19,097,000 18,058,000 (1,039,000) â€5.44% 1.00% CapitalMark Bank & Trust Chattanooga TN Bank 18,212,000 134,549,000 436,785,000 302,236,000 224.63% 1.00% Planters Financial Group, Inc. Clarksville TN Bank 20,000,000 135,095,000 182,327,000 47,232,000 34.96% 1.50% Landmark Community Bank Collierville TN Bank 8,000,000 29,713,000 68,958,000 39,245,000 132.08% 1.00% Evolve Bancorp, Inc. Cordova TN Bank 4,699,000 19,101,000 102,398,000 83,297,000 436.09% 1.00% Franklin Financial Network, Inc. Franklin TN Bank 10,000,000 86,339,000 203,036,000 116,697,000 135.16% 1.00% Sumner Bank & Trust Gallatin TN Bank 934,000 27,039,000 30,601,000 3,562,000 13.17% 7.00% Carroll Financial Services, Inc. Huntingdon TN Bank 3,000,000 61,317,000 91,124,000 29,807,000 48.61% 1.00% SmartFinancial, Inc. Knoxville TN Bank 12,000,000 37,009,000 103,598,000 66,589,000 179.93% 1.00% Magna Bank Memphis TN Bank 18,350,000 66,375,000 77,559,000 11,184,000 16.85% 1.00% Independent Holdings, Inc. Memphis TN Bank 34,900,000 44,702,000 76,395,000 31,693,000 70.90% 1.00% InsCorp, Inc. Nashville TN Bank 3,000,000 27,512,000 81,036,000 53,524,000 194.55% 1.00%
35) Institutions Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name City State Bank or CDLF? SBLF Funding Outstanding Baseline Level 16,656,000 Qualified Small Business Lending as of 6/30/2015 Increase (Decrease) % Change over Current Level over Baseline Baseline 52,608,000 Current Rate Liberty Capital Bancshares, Inc. Addison TX Bank 1,500,000 35,952,000 215.85% 1.50% Happy Bancshares, Inc. Amarillo TX Bank 31,929,000 434,816,000 747,420,000 312,604,000 71.89% 1.00% Frontier Bancshares, Inc. Austin TX Bank 6,184,000 65,133,000 237,656,000 172,523,000 264.88% 1.50% BMC Bancshares, Inc. Dallas TX Bank 1,206,000 8,021,000 7,256,000 90.46% 1.50% 15,277,000 Veritex Holdings, Inc. Dallas TX Bank 8,000,000 100,919,000 245,774,000 144,855,000 143.54% 1.00% Sovereign Bancshares, Inc. Dallas TX Bank 24,500,000 183,263,000 283,994,000 100,731,000 54.97% 1.00% Pioneer Bancshares, Inc. (Pioneer Bank, SSB) Dripping Springs TX Bank 3,004,000 57,494,000 173.44% 1.00% First Texas BHC, Inc. Fort Worth TX Bank 29,822,000 137,852,000 283,417,000 145,565,000 105.60% 1.00% 33,150,000 90,644,000 Third Coast Bancshares, Inc. (Third Coast Bank SSB) Humble TX Bank 8,673,000 58,535,000 174,784,000 116,249,000 198.60% 1.00% Joaquin Bankshares Inc. Huntington TX Bank 3,908,000 40,722,000 8,057,000 19.79% 1.50% AIM Bancshares, Inc. Levelland TX Bank 9,100,000 108,192,000 309,400,000 201,208,000 185.97% 1.50% Independent Bank Group, Inc. (BOH Holdings, Inc.) McKinney TX Bank 23,938,350 770,748,000 1,022,467,000 251,719,000 32.66% 1.00% Vista Bancshares, Inc. (McLaughlin Bancshares, Inc.) Ralls TX Bank 6,600,000 47,152,000 93,515,000 46,363,000 98.33% 1.00% FB BanCorp San Antonio TX Bank 12,000,000 39,335,000 129,543,000 90,208,000 229.33% 1.00% The ANB Corporation Terrell TX Bank 37,000,000 402,694,000 555,425,000 152,731,000 37.93% 1.00% Steele Holdings, Inc. Tyler TX Bank 8,282,000 22,561,000 72.45% 1.50% Cache Valley Banking Company Logan UT Bank 11,670,000 218,868,000 367,658,000 148,790,000 67.98% 1.00% LCA Bank Corporation Park City UT Bank 2,727,000 Medallion Bank Salt Lake City UT Bank 31,142,000 14,000 48,779,000 53,703,000 2,638,000 2,624,000 18742.86% 1.00% 26,303,000 233,231,000 393,855,000 160,624,000 68.87% 1.00% Blue Ridge Bankshares, Inc. Luray VA Bank 4,500,000 18,920,000 32,103,000 13,183,000 69.68% 1.00% Heritage Bankshares, Inc. Norfolk VA Bank 7,800,000 68,967,000 78,195,000 9,228,000 13.38% 1.00% WashingtonFirst Bankshares, Inc. Reston VA Bank 8,898,000 217,686,000 365,189,000 147,503,000 67.76% 1.00% Citizens Community Bank South Hill VA Bank 1,000,000 52,930,000 14,410,000 37.41% 1.00% Puget Sound Bank Bellevue WA Bank 9,886,000 118,257,000 193,118,000 74,861,000 63.30% 1.00% U&I Financial Corp Lynnwood WA Bank 5,500,000 18,026,000 45.20% 1.00% W.T.B. Financial Corporation Spokane WA Bank 19,571,000 878,103,000 1,204,237,000 326,134,000 37.14% 1.00% Deerfield Financial Corporation Deerfield WI Bank 3,650,000 25,944,000 4,380,000 20.31% 1.50% Nicolet Bankshares, Inc. Green Bay WI Bank 24,400,000 371,324,000 433,896,000 62,572,000 16.85% 1.00% 38,520,000 39,884,000 21,564,000 57,910,000 Sword Financial Corporation Horicon WI Bank 12,750,000 205,125,000 305,774,000 100,649,000 49.07% 1.50% First American Investment, Inc. Hudson WI Bank 1,705,710 5,277,000 13.44% 1.50% County Bancorp, Inc. Manitowoc WI Bank 15,000,000 379,555,000 498,626,000 119,071,000 31.37% 1.00% Northern Bankshares, Inc. McFarland WI Bank 22,000,000 138,447,000 147,681,000 9,234,000 6.67% 1.50% First Menasha Bancshares, Inc. Neenah WI Bank 10,000,000 65,519,000 120,443,000 54,924,000 83.83% 1.00% PFSB Bancorporation, Inc. Pigeon Falls WI Bank 1,500,000 26,844,000 30,011,000 3,167,000 11.80% 1.00% First Bank of Charleston Inc. Charleston WV Bank 3,345,000 24,923,000 30,697,000 5,774,000 23.17% 1.00% MVB Financial Corp. Fairmont WV Bank 8,500,000 70,057,000 164,822,000 94,765,000 135.27% 1.00% OBDC Small Business Finance Oakland CA CDLF 219,000 2,473,000 6,079,000 3,606,000 145.81% 2.00% California Coastal Rural Development Corporation Salinas CA CDLF 870,000 9,545,000 8,119,000 (1,426,000) â€14.94% 2.00% Low Income Investment Fund San Francisco CA CDLF 7,490,000 26,595,000 85,584,000 58,989,000 221.80% 2.00% Opportunity Fund Northern California San Jose CA CDLF 2,236,000 5,935,000 34,819,000 28,884,000 486.67% 2.00% Valley Economic Development Center, Inc. Van Nuys CA CDLF 661,000 11,450,000 39,981,000 28,531,000 249.18% 2.00% 39,254,000 44,531,000 Rural Community Assistance Corporation West Sacramento CA CDLF 4,300,000 6,104,000 9,773,000 3,669,000 60.11% 2.00% Colorado Enterprise Fund, Inc. Denver CO CDLF 463,000 5,721,000 13,548,000 7,827,000 136.81% 2.00% Greater New Haven Community Loan Fund New Haven CT CDLF 525,000 758,000 3,056,000 2,298,000 303.17% 2.00%
36) Institutions Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name City State Bank or CDLF? SBLF Funding Outstanding Baseline Level Qualified Small Business Lending as of 6/30/2015 Increase (Decrease) % Change over Current Level over Baseline Baseline Current Rate Partners for the Common Good, Inc. Washington DC CDLF 1,009,000 4,888,000 5,453,000 565,000 11.56% BUILDING HOPE...A CHARTER SCHOOL FACILITIES FUND Washington DC CDLF 2,091,000 23,190,000 35,493,000 12,303,000 53.05% 2.00% GA CDLF 188,000 2,773,000 15,140,000 12,367,000 445.98% 2.00% Access to Capital for Entrepreneurs, Inc. (Appalachian Community EnterpCleveland 2.00% IFF Chicago IL CDLF 8,294,000 108,261,000 153,551,000 45,290,000 41.83% 2.00% Federation of Appalachian Housing Enterprises, Inc. Berea KY CDLF 2,063,000 4,137,000 10,236,000 6,099,000 147.43% 2.00% Community Ventures Corporation Lexington KY CDLF 1,045,000 3,451,000 13,935,000 10,484,000 303.80% 2.00% Community Health Center Capital Fund, Inc. (Capital Link, Inc.) Boston MA CDLF 198,000 1,420,000 7,669,000 6,249,000 440.07% 2.00% MA CDLF 200,000 3,526,000 4,499,000 973,000 27.60% 2.00% 2.00% Common Capital, Inc. (The Western Massachusetts Enterprise Fund, Inc. Holyoke Boston Community Loan Fund, Inc. Roxbury MA CDLF 4,410,000 11,378,000 24,866,000 13,488,000 118.54% Enterprise Community Loan Fund, Inc. Columbia MD CDLF 8,817,000 8,849,000 24,305,000 15,456,000 174.66% 2.00% Coastal Enterprises, Inc. Wiscasset ME CDLF 2,316,000 17,640,000 31,766,000 14,126,000 80.08% 2.00% Nonprofits Assistance Fund Minneapolis MN CDLF 686,000 6,979,000 14,357,000 7,378,000 105.72% 2.00% Community Reinvestment Fund, Inc. Minneapolis MN CDLF 5,100,000 43,655,000 42,327,000 (1,328,000) â€3.04% 2.00% Mountain BizCapital, Inc. Asheville NC CDLF 197,000 2,154,000 4,290,000 2,136,000 99.16% 2.00% Nebraska Enterprise Fund Oakland NE CDLF 197,000 1,454,000 6,265,000 4,811,000 330.88% 2.00% Leviticus 25:23 Alternative Fund, Inc. Elmsford NY CDLF 750,000 2,218,000 3,764,000 1,546,000 69.70% 2.00% TruFund Financial Services (Seedco Financial Services, Inc.) New York NY CDLF 2,500,000 33,651,000 31,842,000 (1,809,000) â€5.38% 2.00% Primary Care Development Corporation New York NY CDLF 4,000,000 33,280,000 20,478,000 (12,802,000) â€38.47% 2.00% Economic and Community Development Institute, Inc. Columbus OH CDLF 203,000 2,728,000 12,589,000 9,861,000 361.47% 2.00% Citizen Potawatomi Community Development Corporation Shawnee OK CDLF 490,000 6,505,000 11,354,000 4,849,000 74.54% 2.00% The Progress Fund Greensburg PA CDLF 1,052,000 12,109,000 23,897,000 11,788,000 97.35% 2.00% Community First Fund Lancaster PA CDLF 862,000 11,002,000 24,388,000 13,386,000 121.67% 2.00% The Reinvestment Fund, Inc. Philadelphia PA CDLF 11,708,000 113,268,000 209,180,000 95,912,000 84.68% 2.00% Northside Community Development Fund Pittsburgh PA CDLF 250,000 2,190,000 3,078,000 888,000 40.55% 2.00% Bridgeway Capital, Inc. Pittsburgh PA CDLF 1,820,000 18,674,000 34,215,000 15,541,000 83.22% 2.00% Charleston Citywide Local Development Corporation Charleston SC CDLF 1,000,000 1,799,000 3,286,000 1,487,000 82.66% 2.00% South Carolina Community Loan Fund (Lowcountry Housing Trust, IncorpNorth Charleston SC CDLF 392,000 96,000 4,192,000 4,096,000 4266.67% 2.00% Rural Electric Economic Development, Inc. Madison SD CDLF 1,230,000 11,116,000 11,023,000 (93,000) â€0.84% 2.00% South Eastern Development Foundation Sioux Falls SD CDLF 240,000 2,486,000 5,959,000 3,473,000 139.70% 2.00% Northeast South Dakota Economic Corporation Sisseton SD CDLF 1,000,000 11,758,000 14,132,000 2,374,000 20.19% 2.00% CENâ€TEX Certified Development Corporation Austin TX CDLF 489,000 3,435,000 6,374,000 2,939,000 85.56% 2.00% PeopleFund Austin TX CDLF 500,000 6,412,000 10,211,000 3,799,000 59.25% 2.00% ECDC Enterprise Development Group Arlington VA CDLF 320,000 1,402,000 3,363,000 1,961,000 139.87% 2.00% Capital Impact Partners (NCB Capital Impact) Arlington VA CDLF 8,218,000 95,578,000 150,812,000 55,234,000 57.79% 2.00% Vermont Community Loan Fund, Inc. Montpelier VT CDLF 1,247,000 12,787,000 16,077,000 3,290,000 25.73% 2.00% Craft3 (ShoreBank Enterprise Group, Pacific) Ilwaco WA CDLF 1,867,000 24,108,000 48,601,000 24,493,000 101.60% 2.00% Impact Seven, Incorporated Almena WI CDLF 4,000,000 13,344,000 23,491,000 10,147,000 76.04% 2.00% Forward Community Investments, Inc. Madison WI CDLF 470,000 3,964,000 7,857,000 3,893,000 98.21% 2.00% Wisconsin Women's Business Initiative Corporation Milwaukee WI CDLF 391,000 4,562,000 12,375,000 7,813,000 171.26% 2.00%
37) APPENDIX D: INSTITUTION-SPECIFIC REPORTING ON BUSINESS LENDING BY SBLF BANKS 30
38) Community banks Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name BancIndependent, Incorporated First Partners Bank (SouthCity Bank) ServisFirst Bancshares, Inc. Southern States Bancshares, Inc. Rock Bancshares, Inc. Western Alliance Bancorporation CU Bancorp Banc of California, Inc. (First PacTrust Bancorp, Inc.) Bank of Commerce Holdings California Bank of Commerce Capital Bank Community Valley Bank First Northern Community Bancorp Founders Bancorp GBC Holdings, Inc. Partners Bank of California ProAmérica Bank (Promérica Bank) Redwood Capital Bancorp Seacoast Commerce Bank Security California Bancorp Silvergate Capital Corporation Summit State Bank The Bank of Santa Barbara CIC Bancshares, Inc. Columbine Capital Corp. Morgan Capital Corporation Verus Acquisition Group, Inc. Bankwell Financial Group, Inc. (BNC Financial Group, Inc.) Salisbury Bancorp, Inc. SBT Bancorp, Inc. Community Bank Delaware Bank of Central Florida Community Southern Holdings, Inc. (Community Southern Bank) FineMark Holdings, Inc. Florida Business BancGroup, Inc. HomeBancorp, Inc. Jefferson Bankshares, Inc. (Jefferson Bank of Florida) Marquis Bank Ovation Holdings, Inc. Platinum Bank Holding Co. (Platinum Bank) Lowndes Bancshares, Inc. Resurgens Bancorp The Peoples Bank of Talbotton Commercial Financial Corp Heartland Financial USA, Inc. Liberty Financial Services, Inc. D. L. Evans Bancorp Bancorp Financial, Inc. Community Illinois Corporation First Bankers Trustshares, Inc. First Busey Corporation First Community Financial Corporation First Eldorado Bancshares, Inc. Illinois State Bancorp, Inc. Merchants and Manufacturers Bank Corporation People First Bancshares, Inc. Prime Banc Corp. Signature Bancorporation, Inc. Southern Illinois Bancorp, Inc. Town and Country Financial Corporation Triâ€County Financial Group, Inc. United Community Bancorp, Inc. AMB Financial Corp. Community Bank Shares of Indiana, Inc. First Savings Financial Group, Inc. Horizon Bancorp Bern Bancshares, Inc. Brotherhood Bancshares, Inc. Equity Bancshares, Inc. Freedom Bancshares, Inc. Osborne Investments, Inc. UBT Bancshares, Inc. FCB Bancorp, Inc. Magnolia Bancshares Inc. Baseline Lending City Sheffield Vestavia Hills Birmingham Anniston Little Rock Phoenix Los Angeles Irvine Redding Lafayette San Juan Capistrano El Centro Dixon San Luis Obispo Los Angeles Mission Viejo Los Angeles Eureka Chula Vista Riverside La Jolla Santa Rosa Santa Barbara Greenwood Village Buena Vista Fort Morgan Fort Collins New Canaan Lakeville Simsbury Lewes Lakeland Lakeland Fort Myers Tampa Tampa Oldsmar Coral Gables Naples Brandon Valdosta Atlanta Talbotton Storm Lake Dubuque Sioux City Burley Oak Brook Rock Falls Quincy Champaign Elgin Eldorado Chicago Joliet Pana Dieterich Chicago Carmi Springfield Mendota Chatham Munster New Albany Clarksville Michigan City Bern Kansas City Wichita Overland Park Osborne Marysville Louisville Hodgenville State AL AL AL AL AR AZ CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CA CO CO CO CO CT CT CT DE FL FL FL FL FL FL FL FL FL GA GA GA IA IA IA ID IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL IN IN IN IN KS KS KS KS KS KS KY KY Region Southeast Southeast Southeast Southeast Southeast West West West West West West West West West West West West West West West West West West Southwest Southwest Southwest Southwest Northeast Northeast Northeast Midâ€Atlantic Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Midwest Midwest Midwest West Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Total Assets Commercial & Ownerâ€Occupied Industrial Commercial Real Estate Agricultural Production Baseline Secured by Commercial Business Lending Farmland & Industrial 1,180,991 232,090 4,491,328 334,728 244,548 13,305,160 2,470,515 6,428,629 983,894 472,621 263,321 131,630 1,002,114 185,765 490,101 132,290 189,108 304,296 463,357 657,916 936,512 492,283 182,818 721,859 377,315 155,511 281,947 1,208,337 860,851 419,578 161,622 401,640 †963,656 573,247 934,949 229,611 305,071 346,689 545,511 227,044 127,807 49,273 667,254 6,848,022 321,813 1,174,817 633,866 249,023 851,436 3,821,600 168,664 302,185 395,902 218,321 370,955 585,295 580,108 409,567 514,958 846,737 1,768,086 186,140 1,585,077 724,857 2,213,530 88,129 537,272 1,353,759 156,727 58,876 595,845 498,961 173,580 6,105 †25,580 ††186 ††1,173 390 98 †30,680 ††††120 †††2,405 ††221 4,169 88 †402 †574 †813 112 †††††222 †††38,076 98,111 4,466 107,881 †16,703 20,504 38,356 †7,887 ††48,716 9,480 †18,888 6,536 30,134 57,598 †690 †3,279 14,941 †7,028 †9,025 44,044 †2,066 15,249 †22,243 943 1,804 4,343 ††7,805 1,632 295 †22,480 2,218 468 ††2,899 456 ††24,934 1,514 †893 3,950 7,204 †5,666 †1,175 †115 ††††††10,816 †1,965 2,106 22,656 214,759 5,574 60,654 †22,134 20,851 57,626 582 25,857 160 †13,254 22,344 †21,392 5,550 35,679 92,821 †4,709 †7,424 3,145 3,673 5,075 †4,697 63,137 56 14,930 126,083 34,442 440,705 18,236 49,812 550,987 91,889 553 133,779 60,775 13,838 11,352 88,431 24,400 48,872 40,849 18,665 16,119 12,916 112,334 3,408 40,612 11,319 1,433 22,300 13,330 14,365 3,378 23,290 14,128 6,962 29,147 13,773 12,141 41,885 3,043 9,021 1,427 1,684 57,110 10,135 8,251 647 128,275 506,645 36,186 69,464 5,790 29,250 34,554 313,814 6,337 7,789 21,057 35,038 48,975 21,310 88,196 37,465 34,830 23,912 211,038 7,638 87,840 26,351 63,712 4,671 42,681 72,242 17,081 1,549 41,004 27,761 6,246 110,777 6,394 209,801 18,732 7,116 1,063,943 64,830 8,525 72,044 13,291 11,346 2,293 116,575 11,516 64,652 13,880 28,650 28,172 42,691 67,475 6,233 33,151 9,943 21 16,986 6,289 45,134 24,882 49,853 21,168 20,018 27,541 15,059 15,375 46,924 10,343 4,870 9,846 8,013 95,349 38,874 4,870 3,191 39,538 531,185 17,912 158,111 9,122 10,821 53,147 356,714 26,075 †38,971 20,722 9,408 6,268 37,019 17,420 59,359 24,883 155,561 14,191 88,791 39,403 84,200 46 28,067 44,546 18,667 451 27,943 54,823 10,176 258,213 40,837 698,328 37,910 58,732 1,619,459 156,719 9,077 214,800 76,087 25,575 13,645 258,166 38,133 113,992 54,729 47,315 47,311 56,063 179,809 9,641 101,101 22,776 1,454 40,399 27,738 66,792 28,259 79,211 35,295 28,729 56,688 29,759 27,628 88,809 13,385 13,891 11,273 9,698 163,496 49,009 15,086 5,943 228,545 1,350,700 64,138 396,108 14,912 78,909 129,056 766,509 32,993 41,533 60,188 55,760 120,352 59,401 125,214 95,164 106,274 114,608 517,019 21,829 182,030 65,754 158,615 22,803 74,420 128,891 35,748 15,722 176,128 82,640 33,419 204,334 44,967 1,588,490 30,703 121,837 2,878,186 505,605 479,899 138,013 195,537 25,244 15,211 114,923 18,534 99,285 27,473 23,825 11,399 2,623 137,025 11,703 48,703 21,834 84,283 41,381 18,576 11,957 133,630 120,027 29,109 6,668 72,588 †42,435 64,142 7,652 20,463 26,092 8,428 100,814 16,662 12,679 4,141 140,749 1,097,840 51,799 108,190 33,742 28,768 38,315 353,678 8,196 34,318 15,931 65,840 54,100 51,613 196,644 51,511 50,090 69,177 159,701 8,533 141,750 25,952 129,863 3,952 78,026 209,150 26,282 3,500 42,085 13,080 11,265 Q2 2015 Ownerâ€Occupied Agricultural Commercial Real Production Estate 145,515 10,878 930,719 69,644 1,702 2,007,177 380,867 303,996 136,981 61,343 72,948 29,529 115,991 28,240 93,780 25,350 47,861 46,112 348,044 150,826 10,243 58,029 30,843 78,041 47,667 12,961 52,402 143,203 137,720 35,652 33,882 52,477 †56,545 107,160 23,527 29,215 46,621 44,497 120,183 31,053 16,163 3,620 64,722 804,950 34,958 174,957 13,293 17,066 82,292 370,956 25,881 11,186 61,409 24,749 41,656 97,535 60,108 34,952 101,877 70,818 172,126 18,221 156,932 59,187 180,660 504 6,868 136,835 19,881 1,791 22,641 62,274 21,552 1,840 †47,178 2,081 †2,378 ††599 192 †849 22,942 ††††666 †2,471 †7,896 ††438 3,737 ††572 †239 ††112 †††††185 1,830 †430 74,826 212,294 24,945 95,909 †23,450 30,945 54,692 †15,304 ††78,272 13,631 †27,735 8,239 61,956 78,620 †1,621 2,245 2,898 22,007 †13,824 †12,439 81,593 †4,021 Secured by Farmland 15,718 202 78,442 3,122 1,017 6,138 ††1,203 1,674 1,440 3,106 45,339 1,935 †††9,829 †980 †21,154 †757 1,211 4,587 2,101 †3,187 †1,861 280 †1,030 1,570 †††1,002 13,984 3,707 †3,397 63,791 248,347 23,047 88,027 †25,373 47,026 128,888 1,219 64,304 3,399 †47,283 35,870 749 36,209 9,505 95,909 138,748 1,300 6,890 6,675 15,601 6,820 2,284 19,209 †15,161 135,317 1,314 23,094 Q2 2015 Business Lending 367,407 56,047 2,644,829 105,550 124,556 4,893,879 886,472 783,895 276,796 258,746 99,632 48,695 299,195 48,709 193,065 52,823 71,686 68,006 350,667 291,302 21,946 135,782 52,677 163,081 90,697 39,861 66,460 276,833 261,506 64,761 42,650 125,345 †100,122 172,872 31,179 49,678 72,713 53,927 235,166 53,252 28,842 11,588 344,088 2,363,431 134,749 467,083 47,035 94,657 198,578 908,214 35,296 125,112 80,739 90,589 221,311 198,649 257,501 150,407 169,711 297,860 549,195 28,054 307,193 94,059 329,022 33,283 87,178 379,018 46,163 32,891 281,636 76,668 59,932 % Change over Baseline 42% 37% 279% 178% 112% 202% 466% 8536% 29% 240% 290% 257% 16% 28% 69% â€3% 52% 44% 525% 62% 128% 34% 131% 11118% 125% 44% 0% 880% 230% 83% 48% 121% â€100% 262% 95% 133% 258% 545% 456% 44% 9% 91% 95% 51% 75% 110% 18% 215% 20% 54% 18% 7% 201% 34% 62% 84% 234% 106% 58% 60% 160% 6% 29% 69% 43% 107% 46% 17% 194% 29% 109% 60% â€7% 79%
39) Community banks Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name Community Trust Financial Corporation First Guaranty Bancshares, Inc. First NBC Bank Holding Company MidSouth Bancorp, Inc. Progressive Bancorp, Inc. Island Bancorp, Inc. Leader Bancorp, Inc. New England Bancorp, Inc. Provident Bancorp, Inc. StonehamBank, A Coâ€operative Bank Eagle Bancorp, Inc. Howard Bancorp, Inc. Monument Bank Birmingham Bloomfield Bancshares, Inc. Crestmark Bancorp, Inc. Huron Valley State Bank Level One Bancorp, Inc. Valley Financial Group, Ltd. Financial Services of Winger, Inc. Heritage Bancshares Group, Inc. Kerkhoven Bancshares, Inc McLeod Bancshares, Inc. MidWest Bancorporation, Inc. Platinum Bancorp, Inc. Redwood Financial, Inc. Cardinal Bancorp II, Inc. Fortune Financial Corporation Great Southern Bancorp, Inc. Liberty Bancorp, Inc. Security State Bancshares, Inc. Southern Missouri Bancorp, Inc. Triad Bancorp, Inc. Bancorp of Montana Holding Company First Bancorp Live Oak Bancshares, Inc. Premara Financial, Inc. Providence Bank Select Bancorp, Inc. Union Bank & Trust Company Alerus Financial Corporation Western State Agency, Inc. Adbanc Inc. Banner County Ban Corporation First State Holding Co. (Wilber Co.) Stockmens Bank First Colebrook Bancorp, Inc. Guaranty Bancorp, Inc. New Hampshire Thrift Bancshares, Inc. Northway Financial, Inc. ConnectOne Bancorp, Inc. Crest Savings Bancorp, Inc. Freedom Bank Harmony Bank Highlands Bancorp, Inc. Hopewell Valley Community Bank Regal Bank Stewardship Financial Corporation Two River Bancorp (Community Partners Bancorp) Meadows Bank Alma Bank Catskill Hudson Bancorp, Inc. Greater Rochester Bancorp, Inc. Kinderhook Bank Corp. Pathfinder Bancorp, Inc. Senecaâ€Cayuga Bancorp, Inc. Columbus First Bancorp, Inc Community Independent Bancorp Inc. AmeriBank Holding Company Central Service Corporation Prime Bank Group Regent Capital Corporation AmeriServ Financial, Inc. CBT Financial Corp. Centric Financial Corporation Baseline Lending City Ruston Hammond New Orleans Lafayette Monroe Edgartown Arlington Hyannis Amesbury Stoneham Bethesda Ellicott City Bethesda Birmingham Troy Milford Farmington Hills Saginaw Fosston Willmar Kerkhoven Shorewood Eden Prairie Oakdale Redwood Falls Washington Arnold Springfield Liberty Charleston Poplar Bluff Frontenac Missoula Troy Wilmington Charlotte Rocky Mount Dunn Oxford Grand Forks Devils Lake Ogallala Harrisburg Lincoln Colorado Springs Colebrook Woodsville Newport Berlin Englewood Cliffs Wildwood Oradell Jackson Township Vernon Pennington Livingston Midland Park Middletown Las Vegas Astoria Rock Hill Rochester Kinderhook Oswego Seneca Falls Worthington West Salem Collinsville Enid Edmond Nowata Johnstown Clearfield Harrisburg State LA LA LA LA LA MA MA MA MA MA MD MD MD MI MI MI MI MI MN MN MN MN MN MN MN MO MO MO MO MO MO MO MT NC NC NC NC NC NC ND ND NE NE NE CO NH NH NH NH NJ NJ NJ NJ NJ NJ NJ NJ NJ NV NY NY NY NY NY NY OH OH OK OK OK OK PA PA PA Region Southwest Southwest Southwest Southwest Southwest Northeast Northeast Northeast Northeast Northeast Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest West Southeast Southeast Southeast Southeast Southeast Southeast Midwest Midwest Midwest Midwest Midwest Southwest Northeast Northeast Northeast Northeast Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic West Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midwest Midwest Southwest Southwest Southwest Southwest Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Total Assets Commercial & Ownerâ€Occupied Industrial Commercial Real Estate Agricultural Production Baseline Secured by Commercial Business Lending Farmland & Industrial 3,810,829 1,506,199 4,118,108 1,946,166 511,954 177,232 984,231 249,500 706,360 494,505 5,728,647 746,741 486,385 227,843 743,732 106,519 881,779 205,341 170,597 398,199 73,871 410,032 238,230 185,116 237,785 296,991 152,836 4,111,821 442,431 711,355 1,293,259 258,949 53,247 3,212,256 844,760 232,237 236,091 741,846 262,067 1,557,062 768,693 647,977 114,336 432,664 91,112 262,453 418,596 1,510,096 932,335 3,657,207 419,391 283,969 272,331 299,210 495,016 373,147 699,841 844,241 484,533 1,026,158 407,832 432,076 386,148 698,629 278,912 294,026 95,981 219,838 583,658 217,148 212,508 1,082,819 431,849 328,747 1,480 17,727 †6,367 1,671 †††††††††††††25,894 48,486 3,475 5,618 †††190 †4,079 †30,314 29,586 ††7,734 ††780 4,486 10 33,489 14,569 77,060 30,815 25,570 8,672 569 454 †††††††††††††277 †58 †††133 1,590 43,232 53 3,616 †1,037 193 24,990 12,111 261 3,019 7,976 †††93 ††794 576 ††191 †90 21,040 28,555 7,114 2,780 †573 †5,482 370 21,896 †49,925 31,048 820 444 36,485 ††826 9,786 3,112 10,852 6,955 51,676 15,368 36,985 2,035 82 1,988 †††††1,000 777 876 †1,053 204 ††1,075 1,736 2,330 786 ††3,505 2,324 38,675 1,742 9,416 178 6,580 1,397 294,044 85,481 288,580 185,803 54,604 2,672 7,075 9,707 17,487 22,466 325,046 91,705 20,990 15,987 153,006 5,648 39,110 38,248 19,628 59,801 4,668 23,330 35,697 19,145 24,855 34,752 24,461 138,613 23,445 56,094 71,715 15,530 1,208 140,198 27,794 15,263 14,547 67,810 19,991 180,756 97,220 69,479 8,633 40,835 13,050 25,654 37,136 57,064 44,870 19,511 3,201 14,905 929 16,612 9,885 1,682 48,805 48,487 29,330 66,760 42,715 43,466 18,911 25,983 6,963 19,279 2,587 19,843 43,994 7,722 24,582 92,509 34,922 16,476 150,315 82,769 212,783 126,929 42,050 20,909 24,647 19,019 70,118 24,415 122,093 41,681 12,522 17,807 1,470 16,506 24,606 36,190 7,190 32,540 9,381 3,763 18,909 27,015 31,378 29,431 23,534 136,926 53,499 57,781 87,689 16,895 1,994 279,520 73,668 23,523 12,644 104,974 15,549 65,037 32,153 59,439 2,981 24,786 4,465 42,281 48,710 80,606 67,422 83,294 17,693 17,540 9,059 17,780 76,725 24,190 156,337 135,572 21,164 25,038 54,456 17,134 19,028 48,698 9,127 15,132 5,795 9,416 23,240 10,116 17,779 62,972 32,578 31,487 470,828 198,087 501,625 322,119 106,300 23,581 31,722 28,726 87,697 46,880 447,140 134,180 34,088 33,793 154,475 22,345 63,716 74,528 73,751 169,382 24,637 35,490 54,606 46,733 56,233 69,855 48,366 301,514 76,944 194,113 220,038 33,245 3,646 463,938 101,462 38,786 28,797 187,056 38,662 290,134 150,896 257,654 57,797 128,176 28,221 68,585 88,288 137,670 112,292 102,806 20,894 32,445 10,988 35,168 87,485 25,872 206,195 184,262 50,495 91,798 98,522 62,336 40,328 75,467 16,090 34,411 12,020 33,172 149,140 19,632 55,394 155,659 75,117 49,553 1,264,486 220,379 1,115,360 459,216 65,920 7,514 26,403 33,657 98,031 50,970 970,176 137,905 45,859 31,449 457,970 13,690 227,573 61,544 25,712 74,532 10,731 19,665 21,146 30,451 34,833 41,212 31,778 310,228 62,948 45,471 110,944 38,196 6,584 122,975 166,584 27,110 16,810 60,544 25,992 404,554 296,434 71,421 10,723 44,185 18,233 38,678 41,786 65,258 63,099 419,640 4,351 17,257 12,749 39,857 22,393 3,314 26,048 44,335 140,508 163,692 48,022 111,375 31,595 47,390 17,308 29,009 2,908 42,140 93,226 33,611 41,874 133,179 46,358 48,379 Q2 2015 Ownerâ€Occupied Agricultural Commercial Real Production Estate 327,726 135,517 443,825 250,105 41,463 28,850 82,769 46,371 114,229 66,793 516,754 108,166 28,819 37,080 751 38,402 123,336 45,049 20,712 36,923 22,659 23,155 11,910 29,113 21,345 33,595 23,412 167,750 70,186 68,766 129,295 47,315 6,171 438,805 228,117 47,501 20,726 116,988 28,061 132,792 23,230 68,005 11,770 37,538 9,501 50,098 59,475 190,997 58,104 244,486 22,224 43,380 48,790 67,443 125,788 35,395 191,788 211,872 84,744 225,623 92,479 55,313 46,240 100,139 15,296 36,361 8,595 14,913 34,125 24,950 33,773 92,629 33,828 62,145 99 27,939 †12,345 13,342 ††††††92 ††††††48,824 75,402 4,907 5,875 42,658 †23,477 333 †3,148 217 62,544 57,930 ††13,085 ††1,687 9,859 3,296 42,184 23,934 136,560 37,298 43,415 18,333 732 381 10 ††††††††††††166 †754 87 3,048 †1,359 9,735 65,480 106 3,621 7,500 6,641 365 Secured by Farmland 30,858 14,997 1,519 18,051 45,353 †††1,469 †487 4,623 963 ††138 †36 42,037 48,505 8,584 3,623 43,227 1,006 15,464 10,030 †36,607 729 114,386 82,030 2,782 1,896 58,148 11,844 438 3,654 13,880 6,788 12,947 14,217 94,778 26,029 105,825 5,281 647 2,744 459 ††††2,418 1,029 659 †1,786 147 ††1,199 663 265 614 4,019 827 6,874 5,593 47,112 2,302 12,688 875 30,453 2,076 Q2 2015 Business Lending 1,623,169 398,832 1,560,704 739,717 166,078 36,364 109,172 80,028 213,729 117,763 1,487,417 250,786 75,641 68,529 458,721 52,230 350,909 106,629 137,285 235,362 46,881 52,318 118,941 60,570 95,119 85,170 55,190 517,733 134,080 291,167 380,199 88,293 14,651 633,013 406,545 75,049 42,877 201,271 64,137 592,477 357,815 370,764 85,820 230,963 51,348 90,155 104,386 256,724 121,203 664,126 26,575 60,637 63,957 108,329 148,840 38,709 219,622 256,354 225,252 389,315 141,866 167,351 78,854 148,230 39,671 66,197 19,736 72,381 239,943 60,969 91,956 234,183 117,280 112,965 % Change over Baseline 245% 101% 211% 130% 56% 54% 244% 179% 144% 151% 233% 87% 122% 103% 197% 134% 451% 43% 86% 39% 90% 47% 118% 30% 69% 22% 14% 72% 74% 50% 73% 166% 302% 36% 301% 93% 49% 8% 66% 104% 137% 44% 48% 80% 82% 31% 18% 86% 8% 546% 27% 87% 482% 208% 70% 50% 7% 39% 346% 324% 44% 168% 96% 96% 147% 92% 64% 118% 61% 211% 66% 50% 56% 128%
40) Community banks Participating in SBLF Report on Information from 6/30/2015 Quarterly Supplemental Reports transmitted with October 2015 Report Institution Name Codorus Valley Bancorp, Inc. DNB Financial Corporation Emclaire Financial Corp. Enterprise Financial Services Group, Inc. First Resource Bank Jonestown Bank and Trust Company MileStone Bank Monument Bank Penn Liberty Financial Corp. Mid Bank Bancorp, Inc. The Victory Bancorp, Inc. Carolina Alliance Bank GrandSouth Bancorporation TCB Corporation BHCB Holding Company CapitalMark Bank & Trust Carroll Financial Services, Inc. Community First Bancshares, Inc. Evolve Bancorp, Inc. Franklin Financial Network, Inc. Independent Holdings, Inc. InsCorp, Inc. Landmark Community Bank Magna Bank Merchants and Planters Bancshares, Inc. United Community Banks, Inc. Planters Financial Group, Inc. SmartFinancial, Inc. Sumner Bank & Trust AIM Bancshares, Inc. BMC Bancshares, Inc. Independent Bank Group, Inc. FB BanCorp First Texas BHC, Inc. Frontier Bancshares, Inc. Happy Bancshares, Inc. Joaquin Bankshares Inc. Liberty Capital Bancshares, Inc. McLaughlin Bancshares, Inc. Pioneer Bank, SSB Sovereign Bancshares, Inc. Steele Holdings, Inc. The ANB Corporation Third Coast Bancshares, Inc. (Third Coast Bank SSB) Veritex Holdings, Inc. Cache Valley Banking Company LCA Bank Corporation Medallion Bank Blue Ridge Bankshares, Inc. Citizens Community Bank Heritage Bankshares, Inc. WashingtonFirst Bankshares, Inc. Puget Sound Bank U&I Financial Corp W.T.B. Financial Corporation County Bancorp, Inc. Deerfield Financial Corporation First American Investment, Inc. First Menasha Bancshares, Inc. Nicolet Bankshares, Inc. Northern Bankshares, Inc. PFSB Bancorporation, Inc. Sword Financial Corporation First Bank of Charleston Inc. MVB Financial Corp. Baseline Lending City York Downingtown Emlenton Allison Park Exton Jonestown Doylestown Doylestown Wayne Millersburg Limerick Spartanburg Greenville Greenwood Rapid City Chattanooga Huntingdon Union City Cordova Franklin Memphis Nashville Collierville Memphis Bolivar Blairsville Clarksville Pigeon Forge Gallatin Levelland Dallas McKinney San Antonio Fort Worth Austin Amarillo Huntington Addison Ralls Drippings Springs Dallas Tyler Terrell Humble Dallas Logan Park City Salt Lake City Luray South Hill Norfolk Reston Bellevue Lynnwood Spokane Manitowoc Deerfield Hudson Neenah Green Bay McFarland Pigeon Falls Horicon Charleston Fairmont State PA PA PA PA PA PA PA PA PA PA PA SC SC SC SD TN TN TN TN TN TN TN TN TN TN GA TN TN TN TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX TX UT UT UT VA VA VA VA WA WA WA WI WI WI WI WI WI WI WI WV WV Region Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Midâ€Atlantic Southeast Southeast Southeast Midwest Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southwest Southeast Southeast Southeast Southeast West West West Midwest Midwest Midwest Midwest Midwest Midwest Midwest Midwest Southeast Southeast Total Assets Commercial & Ownerâ€Occupied Industrial Commercial Real Estate Agricultural Production Baseline Secured by Commercial Business Lending Farmland & Industrial 1,369,410 756,112 597,667 250,075 193,180 453,839 237,704 251,929 639,176 898,735 164,896 432,746 403,656 337,177 166,650 1,048,910 270,919 1,900,083 376,468 1,766,616 934,042 297,046 752,961 587,884 83,715 7,867,212 884,470 543,544 159,831 795,300 80,951 4,370,665 719,033 1,638,181 581,051 2,651,075 117,209 167,611 290,750 408,963 1,118,392 266,867 2,593,926 391,310 822,629 854,932 133,956 1,004,628 247,466 170,236 323,637 1,523,485 425,143 237,055 4,838,057 780,618 124,210 163,109 423,514 1,169,656 428,173 79,208 598,041 206,762 1,250,485 1,653 ††††11 †††4 ††114 †1,696 †4,141 16,329 2,211 823 ††94 †361 1,213 12,733 †43 13,262 825 13,025 †110 851 130,663 1,602 †29,426 ††427 6,732 ††9,516 ††159 251 †117 ††80,131 118,072 4,065 163 6 41 1,313 6,075 10,132 ††24,703 10,878 †424 1,119 4,390 †828 †6,584 1,757 830 3,454 1,056 1,627 †14,441 35,772 3,490 149 1,474 765 263 †2,730 47,079 34,238 1,139 694 6,874 223 12,039 †2,229 6,814 51,686 13,014 1,722 3,706 1,142 918 1,007 22,473 †1,151 16,242 ††2,442 3,246 †3,240 ††37,049 171,649 1,820 †519 2,935 15,949 11,414 21,004 ††46,618 38,960 33,244 37,394 11,395 6,880 17,161 1,478 58,496 65,191 13,913 29,943 49,299 16,375 11,260 88,680 7,921 102,278 8,239 10,261 39,655 11,667 17,728 24,492 5,479 346,854 59,970 21,736 12,075 39,299 765 82,574 99,765 85,806 25,056 201,680 14,762 9,008 18,912 7,439 196,282 14,649 142,877 33,954 24,303 33,786 136 234,859 4,225 18,419 29,431 60,171 49,945 8,950 726,366 44,238 15,306 4,014 51,762 129,397 26,290 3,710 63,172 23,426 15,650 104,503 73,668 25,924 75,423 19,652 29,539 29,937 17,409 84,723 6,588 8,245 34,965 43,148 40,863 16,312 45,869 34,549 165,597 5,161 9,123 11,109 8,603 11,183 17,032 10,527 962,962 67,388 14,293 15,701 14,585 2,514 177,239 2,480 71,371 29,742 93,384 13,696 5,927 4,166 8,987 22,060 15,060 265,405 30,443 14,187 39,918 ††15,593 16,605 36,330 13,644 28,866 34,994 358,143 63,411 116 15,043 29,044 137,477 62,897 8,995 127,299 1,497 38,312 177,476 123,505 59,168 113,241 32,165 40,820 47,098 19,715 143,218 78,368 23,916 65,737 96,015 58,294 30,895 134,549 61,052 319,976 19,101 20,356 52,238 21,034 29,268 41,524 19,097 1,358,107 174,327 37,167 28,512 74,020 4,326 284,877 102,244 159,515 62,462 477,414 43,074 16,657 56,210 17,568 219,260 31,142 437,487 64,397 39,641 99,462 136 234,859 22,419 38,520 65,761 77,172 78,810 43,943 1,201,688 397,369 21,306 19,220 81,331 269,850 106,449 30,194 221,607 24,923 53,962 119,698 42,243 53,490 34,382 17,347 17,351 65,609 1,519 87,911 122,021 34,228 46,287 87,704 15,779 22,547 221,140 12,931 123,193 46,791 146,374 71,543 58,639 42,852 78,471 2,837 703,657 74,345 37,507 11,343 166,441 1,622 612,933 41,874 242,008 108,353 423,664 20,871 31,142 42,138 31,606 324,910 27,256 153,945 101,478 201,712 93,958 3,503 389,723 14,862 14,227 25,362 149,944 127,267 14,994 980,649 49,497 7,155 20,503 79,393 274,790 33,992 4,209 83,550 26,246 133,892 Q2 2015 Ownerâ€Occupied Agricultural Commercial Real Production Estate 154,379 115,830 23,170 100,654 41,013 39,401 62,545 45,328 116,926 114,404 36,329 90,700 43,748 55,833 45,370 218,563 47,163 161,361 55,634 79,610 31,026 21,474 22,473 27,681 9,732 1,226,524 83,443 81,564 19,158 75,046 16,097 721,089 1,453 154,343 129,324 189,469 13,826 18,133 14,424 49,916 107,519 24,610 460,676 84,620 84,572 198,492 ††21,863 29,270 52,827 211,825 74,504 54,046 503,412 76,693 9,114 28,836 55,812 175,808 101,592 5,502 132,158 3,762 149,686 6,291 †40 ††120 ††††††419 †279 †10,044 18,549 3,295 3,491 †††370 42 1,121 23,098 †32 47,452 9 12,844 87,143 650 99 277,614 2,854 †27,689 972 †132 8,980 929 †30,047 ††81 2,986 ††††206,280 184,725 3,407 601 34 14,432 22 11,817 28,092 ††Secured by Farmland 46,302 16,296 137 97 1,040 5,229 55 727 †3,777 2,356 855 680 1,808 3,877 525 21,418 37,156 2,074 1,116 4,898 674 2,302 6,729 4,701 43,898 46,657 1,186 627 39,281 †24,470 †16,589 10,493 212,523 12,635 3,333 9,769 12,787 5,957 1,818 11,190 3,091 11,796 46,884 ††5,121 5,547 †336 1,406 †41,602 211,853 6,246 2,071 1,337 40,783 4,371 19,130 73,151 †2,480 Q2 2015 Business Lending 326,670 174,369 76,837 135,133 59,400 62,101 128,209 47,574 204,837 240,202 72,913 137,842 132,551 73,420 72,073 440,228 91,556 340,259 107,794 230,591 107,467 80,787 67,627 113,251 17,312 1,975,200 227,543 120,257 31,160 328,220 17,728 1,371,336 130,470 413,590 248,269 1,103,270 50,186 52,608 94,020 95,281 438,386 53,816 634,791 190,118 298,080 369,381 3,503 389,723 41,927 52,030 78,189 362,105 203,177 69,040 1,731,943 522,768 25,922 52,011 136,576 505,813 139,977 40,658 316,951 30,008 286,058 % Change over Baseline 84% 41% 30% 19% 85% 52% 172% 141% 43% 207% 205% 110% 38% 26% 133% 227% 50% 6% 464% 1033% 106% 284% 131% 173% â€9% 45% 31% 224% 9% 343% 310% 381% 28% 159% 297% 131% 17% 216% 67% 442% 100% 73% 45% 195% 652% 271% 2485% 66% 87% 35% 19% 369% 158% 57% 44% 32% 22% 171% 68% 87% 31% 35% 43% 20% 430%