Investor Presentaiton
Reconciliation of Non-GAAP Disclosures
PPP adjustment impact excludes the SBA guaranteed loans funded during 2020 and 2021. The Company believes loans held for investment (net of
deferred fees and costs), excluding PPP is useful to investors as it provides more clarity on the Company's organic growth. The Company believes that
the provision for loan losses and net charge offs, each as a percentage of average loans held for investment excluding PPP, is useful to investors
because of the impact of the embedded credit enhancement provided by the SBA guarantee.
(Dollars in thousands)
Provision for credit losses (GAAP)
Net charge-offs
Average loans held for investment (net of deferred fees and costs) (GAAP)
Less: Average PPP adjustments (net of deferred fees and costs)
Total adusted average loans (non-GAAP)
Provision for credit losses as % of average loans (GAAP)
Provision for credit losses as % of average loans, adjusted for PPP (non-GAAP)
Net charge-offs as % of average loans (GAAP)
Net charge-offs as % of average loans, adjusted for PPP (non-GAAP)
Atlantic
Union Bankshares
CREDIT LOSS METRICS
$
$
For the six
months ended
June 30, 2021
(41,037)
1,241
2020
$
87,141 $
11,438
For the years ended December 31,
2019
2018
2017
21,092 $ 13,736 $ 10,802 $
20,876
11,062
10,055
2016
8,883
5,530
$ 14,017,777
1,248,147
$ 13,777,467 $ 11,949,171
1,091,921
$9,584,785 $6,701,101 $
5,956,125
$ 12,769,630
$ 12,685,546 $ 11,949,171 $ 9,584,785 $ 6,701,101 $
5,956,125
(0.59%)
0.63%
0.18%
0.14%
0.16%
0.15%
(0.65%)
0.69%
0.18%
0.14%
0.16%
0.15%
0.02%
0.08%
0.17%
0.12%
0.15%
0.09%
0.02%
0.09%
0.17%
0.12%
0.15%
0.09%
33
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