Financial Review Q3 2020
The Bancorp
FINANCIAL REVIEW: PANDEMIC RESPONSE
WE ARE WORKING CLOSELY WITH OUR
BORROWERS TO MEET THEIR NEEDS AS
THE PANDEMIC UNFOLDS
LOAN DEFERRALS BY BUSINESS LINE ($MILLIONS)
9/30/2020
BUSINESS LINE
DEFERRED LOAN
PRINCIPAL
TOTAL
PRINCIPAL
% TOTAL
Real Estate Capital Markets (HFS)
$
30
$
1,603
2%
Institutional Banking
1,455
0%
Small Business Lending
18
836
2%
Commercial Fleet Leasing
4
430
1%
Discontinued Operations
Other
Total
+A
$
2
103
2%
1
54
54
7
•
PAYCHECK PROTECTION
PROGRAM
High focus on supporting existing
clients
Originated approximately 1,250
loans, totaling approximately $208
million
Expect to generate approximately
$5.5 million in fees and interest
Average loan size of $165,000 with
92% under $350,000
•
HIGHLIGHTS
Implemented procedures to support
employees working from home
Team members deemed worksite
essential continue to operate from our
physical locations, while effectively
employing social distancing standards
Loans deferred as of 9/30/20 were
down to 1.2% of total loans due to the
pandemic compared to 7.5% in Q2
and 6.5% in Q1
We continue to closely monitor our
borrowers needs as businesses begin
reopening
6
0%
+A
$
4,433
1.2%
1 At risk sectors include Hospitality and Retail.View entire presentation