Pathward Financial Results Presentation Deck
LEGACY COMMUNITY BANK PORTFOLIO BREAKDOWN
AS OF DECEMBER 31, 2020 | SERVICED BY CENTRAL BANK
●
●
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($ in millions)
Commercial Real Estate
Commercial Operating
Agricultural
1-4 Family Real Estate
Consumer
Total
Outstanding
Balance
$322.4
16.8
9.7
4.2
0.9
$353.9
% of Total¹
8.8%
0.5%
0.3%
0.1%
0.0%
9.7%
During the quarter, sold $130 million loans and had $100
million of community bank loans classified as held for sale as
of December 31, 2020.
Sale did not result in any material gain.
70% commercial mortgage, 30% commercial construction
ACL coverage of 4.18% of total commercial real estate loans, primarily related
to the hospitality and theater commercial real estate loans
Low historical charge-offs (2bps 5-year average NCO/average loans)
Past due commercial real estate balances were less than 0.01%, as of
December 31, 2020
$17.2 million in nonperforming loans as of December 31, 2020
As a result of COVID-19, tightened focus on directly impacted
industries - Hospitality & Movie Theater
68% and 30% of active community bank COVID-related
modifications and deferrals tied to hospitality and theater
exposures, respectively.
COMMERCIAL REAL ESTATE
COMMERCIAL REAL ESTATE
INDUSTRY COMPOSITION
Theater
5.3%
Retail
12.8%
Office Building,
5.3%
Multifamily
19.3%
1 Total includes total gross loans & leases of $3.44 billion and rental equipment, net of $206.7M, as of December 31, 2020, exposures are based on
current outstanding balances as of December 31, 2020
2 Other includes subsectors comprised of less than 1% of total commercial real estate as of December 31, 2020 ($322.4 million)
17
Other²
1.3%
QUARTERLY INVESTOR UPDATE | FIRST QUARTER FISCAL YEAR 2021 | NASDAQ: CASH
Hotel/Motel
56.0%View entire presentation