Pathward Financial Results Presentation Deck
ASSET QUALITY
Well-diversified portfolio with very modest exposures to the
industries most impacted by the pandemic.
COVID-related modifications and deferrals continue to
improve. Excluding PPP loans, active deferments and
modifications decreased from $85.3, or 3% of total gross
loans and leases at December 31, 2020 to $66.4 million or 2%
of total gross loans at March 31, 2021.
Past Due Loans & Leases + COVID-19 Modifications & Deferrals
$ in millions
Past Due / Total Loans and Leases
1.43%
2.08%
1.71%
Past Due + COVID-19 Modifications & Deferrals / Total Loans and Leases
2.34%
3.82%
3.50%
$9.5
$75.4
2Q20
$85.3
$51.2
$66.4
$63.7
1Q21
2Q21
Total Past Due ■COVID-19 Modifications & Deferrals
ACTIVE COVID-19 LOAN AND LEASE MODIFICATIONS AND DEFERRALS
March 31, 2021
December 31, 2020
AREAS OF CREDIT FOCUS
Hospitality
Movie Theater
Small ticket equipment finance¹
COMMERCIAL FINANCE
CONSUMER
COMMUNITY BANK
TOTAL
●
COUNT
70
¹ Small ticket equipment finance includes balances of $16.0 million in term lending and $0.5 million in lease receivables.
25
11
4
55
55
76
15
% TOTAL LOANS AND LEASES (excl. PPP)
146
$ BALANCE
$64.5
40.8
17.9
5.8
$5.8
$1.9
$58.7
$66.4
2%
COUNT
QUARTERLY INVESTOR UPDATE | SECOND QUARTER FISCAL YEAR 2021 | NASDAQ: CASH
138
11
4
123
130
200
16
346
$ BALANCE
$75.2
40.8
17.9
16.5
The Company continues to place significant focus on
hospitality and movie theater loans as well as small ticket
equipment finance relationships.
Working with borrowers on a case-by-case basis.
• Most hospitality loans that were on deferral are back to P&I
payments.
Upgraded 8 hospitality loans in the quarter.
$21.1
$3.9
$60.3
$85.3
3%View entire presentation