Silicon Valley Bank Mergers and Acquisitions Presentation Deck
Boston Private loan portfolio
Boston Private comprises 16% of combined total loans
$45.6B
COMBINED
TOTAL LOANS
As of 9/30/20
DETAILED COMMERCIAL
LOAN FILE REVIEW
75%
CREDIT
POLICIES
svb >
SVB
84%
Extensive credit diligence
of commercial
commitments
是
Boston
Private
16%
UNDERWRITING
PORTFOLIO
MANAGEMENT
T
Source: Boston Private Filings, S&P Global Market Intelligence and Bloomberg.
1. Figures as of September 30, 2020.
Deepens and expands SVB's lending capabilities
Commercial &
industrial (C&I) 8%
$7.2B
BOSTON PRIVATE
Commercial
tax-exempt 6%
TOTAL LOANS
As of 9/30/20
PPP 5%
Commercial
real estate
(CRE) 24%
Residential 38%
Multifamily 13%
Credit considerations¹
Track record of strong credit performance
Only 2.3% cumulative net charge-offs since 2009 vs.
7.1% for Nasdaq Regional Banking Index
Construction
Hospitality and retail exposure
$600M retail and $170M hospitality loans
3%
HELOC &
consumer 3%
Improved residential and C&I deferral trends
$100M residential mortgages deferred (decreased by $120M Q2 to Q3)
$50M C&I loans deferred (decreased by $75M Q2 to Q3)
Strong pre COVID-19 LTV coverage for impacted sectors
48% retail pre COVID-19 LTV and 51% hospitality pre COVID-19 LTV
Expiring relief programs
CRE 2nd lien program (~$1.4B) and residential and C&I deferrals (combined
$150M) scheduled to end by mid-2021; could lead to increased
nonperforming loans
Acquisition of Boston Private
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