Investor Presentaiton

W FRED Percent 80 100 80 60 40 20 0 -20 .... banks are dramatically tightening lending standards. ... · Net Percentage of Domestic Banks Tightening Standards for Commercial Real Estate Loans with Construction and Land Development Purposes Net Percentage of Domestic Banks Tightening Standards for Commercial and Industrial Loans to Small Firms Percent of Banks tightening C&I lending standards Percent of Banks tightening CRE lending standards -40 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 Q1 2021 Q1 2022 Q1 2023 WISCONSIN SCHOOL OF BUSINESS UNIVERSITY OF WISCONSIN-MADISON TOGETHER FORWARD® JAMES A. GRAASKAMt of Banks tightening CENTER for REAL ESTATE C&I lending standards PercentSofuBankStighteningerve Economic Data. CRE lending standards

View entire presentation