Investor Presentaiton
Due Diligence Summary
Due Diligence Scope
⚫ Comprehensive due diligence encompassing all
areas of Gibraltar over a two-month period
• Approximately 100 internal team members and
external third parties providing specific
expertise around legal, compliance, credit and
tax matters
Detailed review of over 1,500 electronic files in
the data room
• Credit team consisted of 18 individuals who
reviewed all aspects of Gibraltar's loan
portfolio
• Reviewed 100% of loan portfolio through both
on-site and off-site diligence, completed over a
one-month period
• Positive views on Compliance from due
diligence with internal resources and support
from a third party consultant
Loan Portfolio Comments
⚫ Diversified loan portfolio, primarily focused on
in-market residential and commercial lending
Strong asset quality metrics:
1.09% NPA/Assets as of June 30, 20171
1.19% NPL / Loans as of June 30, 2017
⚫ Credit mark of approximately $9 million on a
pre-tax par basis
• Allowance for loan losses of $21 million
• 95% of portfolio is RE secured.
⚫ Of the 1-4 family residential loans, about 20%
of total balances represents condo exposure.
Both 1-4 family and Condo loans have LTVs of
about 60%
(1) NPAs excludes restructured loans.
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