Pathward Financial Results Presentation Deck
LEGACY COMMUNITY BANK | HOTEL PORTFOLIO
AS OF DECEMBER 31, 2020 | SERVICED BY CENTRAL BANK
$186.7 million outstanding, total exposure of $197.9 million including unfunded commitments
$29.9 million related to construction.
$180.4 million in commercial real estate and $6.3 million in C&I
Portfolio comprised of 29 relationships representing 32 individual hotels and 3,084 total rooms
99% flagged hotel relationships (i.e. Holiday Inn Express, Hampton Inn, Hyatt Place, etc.); 100% limited-service
26% of balances located in South Dakota and lowa with majority of the remaining balances through developers headquartered in
South Dakota and lowa
Lower unemployment rate in Sioux Falls & Des Moines MSA, relative to National rates sign of stronger local economies
Majority of loans have guarantors by individuals with a strong combined net worth
Average loan-to-value of 60% at December 31, 2020
No nonperforming loans as of December 31, 2020
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COVID-19 Monitoring
Most hospitality loans that were on deferral are back to P&I payments
Active COVID-related deferrals and modifications on $40.8 million in hospitality balances outstanding, working with borrowers on a
case-by-case basis
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QUARTERLY INVESTOR UPDATE | FIRST QUARTER FISCAL YEAR 2021 | NASDAQ: CASHView entire presentation