Investor Presentaiton
Technology & Innovation Segment Serves Emerging Technology-Focused
4 Ventures & Investors
Primarily focused on established growth companies with successful products and strong
investor support, which provides greater operating and financial flexibility
As of 3/31/2020, Tech. & Innovation portfolio was
8.9% ($2.1bn) of loan portfolio.
Tech. & Innov. Loans by Segment
Bridge Bank (acquired in Jun-15) has a long-
standing, successful track-record in national
technology lending dated back to 2001
Holistic banking relationship (TM, WC/AR lines,
etc.) provides line-of-sight into business
operations, performance against plan, and financial
health
1 Finances established growth tech firms with
strong risk profile
.
Validated Product: 97% with revenue > $5MM
Minimal pre-revenue or mezzanine lending
Strong Institutional Backing: 86% backed by one or
more quality VC/PE
Granular Portfolio: Avg. loan size $3.3MM
Low Cost Deposit Franchise: Liquid borrowers
with 2:1 deposit coverage
Subscription &
Capital Call
Lines
21%
Legacy Solar
4%
Life
Sciences
9%
Technology
66%
2 Asset quality remains strong
•
EFR lending has never experienced a loss
Net Recoveries of $312k for Tech. & Innov. in 2019
and no charge-offs in Q1 2020
77% of companies¹ with >6 months of liquidity
3 Since 2007, total warrant income >2x
cumulative NCOs
WA
1) Includes Technology and Life Sciences borrowers
11View entire presentation