Old Second Bancorp, Inc. · NASDAQ:OSBC
Old Second Bancorp — Q2 2020 Earnings Presentation
15 slides from Old Second Bancorp's earnings presentation, Jul 22, 2020
Slide 1: Loan Portfolio Disclosures As of June 30, 2020
Old Second Bancorp, Inc. Loan Portfolio Disclosures As of June 30, 2020
Slide 2: Loan Portfolio Composition
Loan Portfolio Composition Loan Portfolio Characteristics Balance Outstanding (000’s) $2,052,336 Total Commitment (000’s) $2,539,355 Average Loan Commitment $352,024 Number of Payment Deferrals /Modifications 449 Payment Modification Rate (% of Total Commitment)* 9.03% Loan Portfolio Characteristics
Slide 3: Commercial and Industrial (includes Leasing)
Commercial and Industrial (includes Leasing) Commercial and Industrial Portfolio Characteristics Balance Outstanding (000’s) $574,935 Total Commitment (000’s) $838,075 Average Loan Commitment $351,247 Number of Payment Deferrals /Modifications 164 Payment Modification Rate (% of Total Commitment)* 6
Slide 4: CRE Owner-Occupied
CRE Owner-Occupied CRE Owner-Occupied Portfolio Characteristics Balance Outstanding (000’s) $343,982 Total Commitment (000’s) $357,453 Average Loan Commitment $549,928 Number of Payment Deferrals /Modifications 72 Payment Modification Rate (% of Total Commitment) 15.97% Weighted Average Seasoning 6.
Slide 5: CRE Investor (includes Multifamily)
CRE Investor (includes Multifamily) CRE Investor Portfolio Characteristics Balance Outstanding (000’s) $723,235 Total Commitment (000’s) $735,069 Average Loan Commitment $1,287,336 Number of Payment Deferrals /Modifications 56 Payment Modification Rate (% of Total Commitment) 11.22% Weighted Average
Slide 6: CRE Non-Owner Occupied (excludes Multifamily)
CRE Non-Owner Occupied (excludes Multifamily) CRE Non-Owner Occupied Portfolio Characteristics Balance Outstanding (000’s) $525,714 Total Commitment (000’s) $535,551 Average Loan Commitment $1,525,785 Number of Payment Deferrals /Modifications 40 Payment Modification Rate (% of Total Commitment) 13.
Slide 7: CRE Non-Owner Occupied Retail
CRE Non-Owner Occupied Retail CRE Non-Owner Occupied Retail Portfolio Characteristics Balance Outstanding (000’s) $109,284 Total Commitment (000’s) $110,536 Average Loan Commitment $1,300,425 Number of Payment Deferrals /Modifications 15 Payment Modification Rate (% of Total Commitment) 33.89% Weigh
Slide 8: CRE Non-Owner Occupied Office
CRE Non-Owner Occupied Office CRE Non-Owner Occupied Office Portfolio Characteristics Balance Outstanding (000’s) $114,953 Total Commitment (000’s) $118,127 Average Loan Commitment $1,618,172 Number of Payment Deferrals /Modifications 7 Payment Modification Rate (% of Total Commitment) 11.03% Weight
Slide 9: Multifamily
Multifamily Multifamily Portfolio Characteristics Balance Outstanding (000’s) $197,521 Total Commitment (000’s) $199,519 Average Loan Commitment $906,902 Number of Payment Deferrals /Modifications 16 Payment Modification Rate (% of Total Commitment) 4.34% Weighted Average Seasoning 4.60 years Multif
Slide 10: Construction and Land Development
Construction and Land Development C&D Portfolio Characteristics Balance Outstanding (000’s) $83,939 Total Commitment (000’s) $155,968 Average Loan Commitment $1,624,662 Number of Payment Deferrals /Modifications 2 Payment Modification Rate (% of Total Commitment 1.47% Weighted Average Seasoning 1.60
Slide 11: Payment Modifications
Payment Modifications Payment Modifications Balance Outstanding (000’s) $216,381 Total Commitment (000’s) $217,188 Average Loan Commitment $483,715 Number of Payment Deferrals /Modifications 449 Payment Modification Rate (% of Total Commitment) 9.03%* Payment Modifications • Adopted regulatory and a
Slide 12: Payment Modifications Continued
Payment Modifications Continued • Processed first COVID payment modification in late March and a total of 449 COVID payment modifications through June 30, 2020. • The payment modification requests has abated since the end of May with a total of 42 modifications in progress through June 30, 2020. • L
Slide 13: Payment Modifications Continued
Payment Modifications Continued Loan Portfolio Total Portfolio Commitment (000’s) % of Total Commitment (000’s) Total Commitment Deferred (000’s) % of Total Portfolio Deferred Weighted LTV CRE-secured Deferred Loans Commercial & Industrial (inc. Leasing) $704,183* 28.22% $43,369 6.16% NA Constructio
Slide 14: SBA Payment Protection Program Loans
SBA Payment Protection Program Loans Accomodation and Food Services 6% Entertainment 1% Education 4% Health Care 15% Information and Finance 1% Manufacturing 16% Administration and Support 4% Construction Other Services 13% 5% Professional Services 9% Rental and Leasing 4% Retail Trade 11% Transport
Slide 15: Allowance for Credit Losses (under CECL)
Allowance for Credit Losses (under CECL) ACL Pool Outstanding Pooled Unguaranteed Loan Balance (000’s) ALLL Balance (000s) 12/31/2019 ACL Pooled Balance (000’s) 6/30/2020 Unfunded Commitment Reserve (000’s) 6/30/2020 Commercial & Industrial* $305,903 $2,842 (0.88%) $2,274 (0.74%) $985 Construction $