Investor Presentaiton
Reconciliation of Non-GAAP Disclosures
PPP adjustment impact excludes the SBA guaranteed loans funded during 2020 and 2021. The Company believes loans held for investment (net of
deferred fees and costs), excluding PPP is useful to investors as it provides more clarity on the Company's organic growth. The Company believes that
the ALLL as a percentage of loans held for investment (net of deferred fees and costs), excluding PPP, is useful to investors because of the size of the
Company's PPP originations and the impact of the embedded credit enhancement provided by the SBA guarantee.
ALLOWANCE FOR CREDIT LOSS RATIOS AND TOTAL ADJUSTED LOANS
(Dollars in thousands)
Allowance for loan and lease losses (ALLL)
$
As of
June 30, 2021
118,261
As of
March 31, 2021
$
142,911
Reserve for unfunded commitment (RUC)
10,000
12,833
Allowance for credit losses (ACL)
S
128,261
$
155,744
Loans held for investment (net of deferred fees and costs)(GAAP)
13,697,929
$
14,272,280
Less: PPP adjustments (net of deferred fees and costs)
859,386
1,512,714
Total adjusted loans (non-GAAP)
$
12,838,543
$
12,759,566
ALLL to total loans held for investment (GAAP)
0.86%
1.00%
ALLL to total adjusted loans held for investment, excluding PPP (non-GAAP)
RUC to total loans held for investment (GAAP)
0.92%
1.12%
0.07%
0.09%
RUC to total adjusted loans held for investment, excluding PPP (non-GAAP)
0.08%
0.10%
ACL to total loans held for investment (GAAP)
0.94%
1.09%
ACL to total adjusted loans held for investment, excluding PPP (non-GAAP)
1.00%
1.22%
Atlantic
Union Bankshares
30
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