Pathward Financial Results Presentation Deck
ASSET QUALITY
Portfolio showing strong improvement in COVID-related modifications
and deferrals.
Excluding PPP loans, active deferments and modifications decreased
from $193.3, or 6% of total gross loans and leases at September 30,
2020 to $85.3 million or 3% of total gross loans at December 31,
2020.
The Company continues to place significant focus on hospitality and
movie theater loans as well as small ticket equipment finance
relationships.
●
●
$ in millions
Working with borrowers on a case-by-case basis.
Most hospitality loans that were on deferral are back to P&l payments.
Past Due Loans & Leases + COVID-10 Modifications &
Deferrals
Past Due / Total Loans and Leases
1.57%
1.50%
1.43%
Past Due + COVID-19 Modifications & Deferrals / Total Loans and Leases
1.50%
7.41%
3.82%
$53.7
1020
Total Past Due
$193.3
$85.3
$51.2
1021
$52.3
4Q20
COVID-19 Modifications & Deferrals
ACTIVE COVID-19 LOAN AND LEASE MODIFICATIONS AND DEFERRALS
September 30, 2020
December 31, 2020
AREAS OF CREDIT FOCUS
Hospitality
Movie Theater
Small ticket equipment
finance¹
COMMERCIAL FINANCE
CONSUMER
COMMUNITY BANK
TOTAL
COUNT
¹ Small ticket equipment finance includes balances of $16.0 million in term lending and $0.5 million in lease receivables.
21
138
11
130
200
16
346
% TOTAL LOANS AND LEASES (excl. PPP)
4
123
$ BALANCE
QUARTERLY INVESTOR UPDATE | FIRST QUARTER FISCAL YEAR 2021 | NASDAQ: CASH
$75.2
40.8
17.9
16.5
$21.1
$3.9
$60.3
$85.3
3%
COUNT
183
26
4
153
192
276
35
503
$ BALANCE
$118.7
79.0
17.9
21.8
$66.8
$5.8
$120.7
$193.3
6%View entire presentation