2nd Quarter 2021 Investor Presentation
PPP Loans
# of
Original
6/30/21
3/31/21
Balance
Balance
Balance
$
Change
SBA
U.S. Small Business
Administration
$ in millions
Loans
Originated
Net Fees
Remaining
PPP Phase I
$ 976
$
141
$ 570
$ (429)
8,208
$ 1.6
Paycheck Protection Program
ASBA loan that helps businesses keep their workforce employed during the Coronis (VID
PPP Phase II
319
300
228
72
5,219
15.6
14
Total
$ 1,295
$ 441
$ 798
$ (357)
13,427
$ 17.2
PPP Summary
☐
PPP Loans are assigned a risk weighting of zero percent.
☐
Average loan amount $110,000.
☐
Smallest loan amount $140.
☐
Loan yield of 5.08% for the second quarter of 2021 (includes amortization of SBA
☐
fee income net of expenses).
Forgiveness process in place.
$
PPP Round 2
System and process in place for Round 2
of PPP.
Funding started in January 2021.
PPP ended on May 31, 2021.
PPP Phase II loan originations are running at approximately 33%
of PPP Phase I loan originations (based on original loan balance)
20
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