Financial Review Q3 2020
The Bancorp
LOANS & LEASES: REAL ESTATE CAPITAL MARKETS
REAL ESTATE CAPITAL MARKETS
COMMERCIAL REAL ESTATE LOANS BY TYPE ($MILLIONS)
9/30/2020
Commercial real estate loans
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BUSINESS OVERVIEW:
Strategic determination made in Q3 to
discontinue future securitization activity
We expect income from the portfolio to be
stable over the next 2 years
Entire portfolio is at LIBOR interest rate
floors and yields 4.8% as of Q3 2020
TYPE
# LOANS
BALANCE
ORIGINATION
DATE LTV
WEIGHTED AVG MIN
INTEREST RATE
% TOTAL
Multifamily
173
$ 1,463
76%
4.8%
91%
(apartments)
Hospitality (hotels
11
63
65%
5.7%
4%
and lodging)
Retail
8
52
70%
4.6%
3%
Other
Total
7
25
70%
5.2%
2%
199 $ 1,603
75%
4.8%
100%
COMMERCIAL REAL ESTATE LOANS BY STATE ($MILLIONS)
STATE
Texas
Georgia
Arizona
North Carolina
Nevada
Alabama
Other states each <$50 million
Total
9/30/2020
BALANCE
ORIGINATION
DATE LTV
PORTFOLIO
ATTRIBUTES
222
22
OVERVIEW
·
Vast majority of loans are
multifamily including all of the
top 15 exposures
Commercial real estate loans are
in "Commercial loans, at fair
value" category on balance sheet
ASSET CLASSES - %
PORTFOLIO
$
396
76%
BDX
100
252
78%
123
76%
MULTI-FAMILY - 91%
LODGING - 4%
111
77%
56
80%
RETAIL - 3%
54
76%
611
73%
OTHER - 2%
$
1,603
75%View entire presentation