Office Loans Investment and Deposit Portfolio Analysis
Loan Portfolio Summary
Loan Portfolio
Northeast
BANK
# of Loans Total Balance
Average Balance WA LTV
Dollars in thousands
National Lending Division
Purchased Loans (1)
Direct Originated Loans (4)
Lender Finance Loans (4)
3,530
$1,480,119
$419
45%(3)
141
525,856
3,729
52%
75
461,715
6,156
45%
SBA and USDA Loans (2)
383
25,547
67
77%
Community Banking Division:
Commercial Loans
131
9,566
73
43%
Residential and Consumer Loans
369
17,795
48
46%
Total
4,629
$2,520,599
$545
47%
(1) Total balance of $1.48 billion is equal to unpaid principal balance of $1.67 billion, net of $187.8 million purchased loan discount.
(2) Total loan balance of $25.5 million is comprised of $5.9 million of the guaranteed portion and $19.6 million of the unguaranteed
portion of loans.
(3) Reflects the Bank's basis against the value of the underlying commercial real estate collateral.
(4) LTV is calculated as the Bank's loan amount to the value of the underlying commercial real estate collateral.
All data as of June 30, 2023, unless otherwise noted. Loan balances exclude net deferred fees and costs.
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