April 2016

Report on SBLF Participants’

Small Business Lending Growth

Submitted to Congress pursuant to Section 4106(3) of

the Small Business Jobs Act of 2010
1

OVERVIEW

Small businesses are a vital part of the American economy and their success is a critical component of economic

growth.  Established by the Small Business Jobs Act of 2010 (the Act), the Small Business Lending Fund (SBLF) is a

dedicated fund designed to provide capital to qualified community banks1 and community development loan funds

(CDLFs) in order to encourage small business lending.  The purpose of the SBLF is to encourage Main Street banks and

small businesses to work together, help create jobs, and promote economic growth in communities across the

nation.   

This report provides information on changes in small business lending by SBLF participants as of December 31, 2015,

relative to baseline levels.2

   As of December 31, 2015, institutions participating in SBLF have made important

progress in increasing their small business lending, helping to support small businesses and local economies across

the nation.

• This report includes information on the 162 institutions that continued to participate in the program as of

December 31, 2015 and submitted quarterly supplemental reports for the fourth quarter, including 115

community banks and 47 CDLFs. As of March 1, 2016, 200 institutions with aggregate investments of $3.0

billion have fully redeemed their SBLF Treasury investment and exited the program, and 13 institutions have

partially redeemed $97 million (or 55 percent of their SBLF securities) while continuing to participate in the

program.

• Since the program’s inception, the total increase in small business lending reported by current and former3

SBLF participants is $18.4 billion over baseline.   

• As of Q4 2015, current SBLF participants have increased their small business lending by $8.8 billion over a

$15.8 billion baseline.  

• Increases in small business lending are widespread among remaining SBLF participants.  To date, all of the

115 participating community banks  and 42 of the 47 CDLFs (or 89 percent) have increased their small

business lending.  In addition, 152 of the 162 SBLF participants (or 94 percent) have increased their small

business lending by 10 percent or more.

Please see Appendix A for additional information regarding the methodology employed in this report. Please note

that charts comparing SBLF lending to peer groups will no longer be included in this report due to the significantly

reduced number of banks left in the program expected after the Act’s step up rate increase to 9 or 13.8 percent

following quarter of Q1 2016

   

                                                            

1 In this report, the terms “banks” and “community banks” encompass banks, thrifts, and bank and thrift holding companies with consolidated

assets of less than $10 billion.    2 As established in the Act, the baseline for measuring the change in small business lending is the average of the amounts that were reported

for each of the four calendar quarters ended June 30, 2010. 3 Lending growth reported by former participants in the final quarter of participation is held constant through subsequent periods
2

BACKGROUND

This report is submitted to Congress pursuant to Section 4106(3) of the Act, which directs the Secretary of the

Treasury to provide a quarterly written report on how institutions participating in the SBLF program have used the

funds they received under the program.  

Treasury invested more than $4.0 billion in 332 institutions through the SBLF program.  These amounts include

investments of $3.9 billion in 281 community banks and $104 million in 51 CDLFs.  Collectively, these institutions

operate in more than 3,000 locations across 47 states and the District of Columbia.  This report includes information

on the 162 institutions that continued to participate in the program as of December 31, 2015 and submitted

quarterly supplemental reports for the fourth quarter, including 115 community banks and 47 CDLFs.  The initial

disbursement of SBLF funding to banks occurred on June 21, 2011, with subsequent transactions completed

thereafter until the program’s September 27, 2011 statutory funding deadline.   

The SBLF program was designed using an incentive mechanism to encourage participant lending to small businesses.   

   

• For community banks, the SBLF program was structured to encourage small business lending through a

dividend or interest rate incentive structure.  The initial rate payable on SBLF capital was, at most, 5 percent,

and the rate fell to 1 percent if a bank’s small business lending increased by 10 percent or more.4

  Banks that

increase their lending by amounts less than 10 percent pay rates between 2 percent and 4 percent. Bank

dividend rates became fixed after the first two years (in Q3 2013) based on lending in that quarter. If a bank’s

lending did not increase in the first two years, however, the rate increased to 7 percent.  If a bank has not

repaid the SBLF funding after four and a half years, the rate increases to 9 percent.

• For CDLFs, the SBLF program was structured to encourage small business lending through access to low‐cost

capital at a 2 percent interest rate. These non‐profit loan funds play a critical role in distressed communities

across the country that lack access to mainstream financial services. CDLFs engage in activities including

offering microloans to entrepreneurs, providing mezzanine debt to growing small businesses, and financing

community facilities like charter schools and health clinics.

The additional lending capacity provided by SBLF capital – coupled with the program’s dividend or interest rate

incentives in the case of community banks – encouraged institutions to increase small business lending.   

Because of the program’s structure, increases in small business lending cannot be directly linked to the use of SBLF

funds.  However, the program’s impact can be observed indirectly.   

This report highlights the growth in small business lending over baseline for current participants as well as the

aggregate impact of the program on small business lending among all program participants, both current and

redeemed.   

                                                            

4 The initial interest rate paid by S corporations and mutual institutions is, at most, 7.7 percent. If these institutions increase their small business

lending by 10 percent or more, then the rate falls to as low as 1.5 percent. These interest rates equate to after‐tax effective rates (assuming a

35% tax rate) equivalent to the dividend rate paid by C corporation participants.
3

INCREASES IN SMALL BUSINESS LENDING OVER BASELINE LEVELS

Quarter Over Quarter Growth in Small Business Lending Reported by Current Program Participants

The following graph shows the aggregate increase in qualified small business lending reported by current SBLF

participants as of December 31, 2015.  These figures reflect changes in small business lending over baseline levels as

specified by the Act (defined as the loan balances that were reported for each of the four calendar quarters ended

June 30, 2010).  The first four of Treasury’s investments in SBLF participants were made in the quarter ended June 30,

2011, with all subsequent investments made in the quarter ended September 30, 2011

Increase in Small Business Lending over Baseline by SBLF Participants5

(Reported as of December 31, 2015)  

Redemptions of Treasury’s investments under the SBLF program have been the single largest driver of changes in

total qualified small business lending reported in recent quarters. As institutions redeem from the SBLF program,

their respective increases or decreases in lending over baseline are removed from total qualified small business loan

growth calculations going forward. For example, should an SBLF institution with $100 million in qualified small

business lending growth over baseline redeem from the program, the growth associated with that institution would

be omitted from total qualified small business loan growth calculations going forward, such that remaining

participants would need to generate a net increase in qualified small business lending of at least $100 million for the

total qualified small business loan growth level to remain the same as reported in the previous quarter. The

redemption of institutions with negative changes in qualified small business lending over baseline can have the

inverse effect where, due to netting effects, the impact of the redemption is an increase in the total qualified small

business lending reported.

                                                            

5 The increase in lending for each quarter is representative of only those institutions participating in the quarter listed.  Figures reflect the total

aggregate net dollar amount of reported increases and decreases in small business lending.

$3.5 $3.5 $3.5 $3.5 $3.5 $3.6 $3.6 $3.5 $3.8 $3.8 $3.8 $3.7 $3.6 $3.5 $3.1 $2.7 $1.7 $1.3

$1.3 $1.7 $3.1 $3.9 $5.2 $5.4 $6.8 $7.4 $8.7 $8.6 $9.8 $10.6$11.6$12.3 $12.5

$11.7

$7.5 $3.5

$4.8 $5.2

$6.6 $7.4

$8.8 $9.0

$10.3

$11.2

$12.5$12.4

$13.5$14.2

$15.1$15.4$15.2

$13.4

$8.8

$0

$2

$4

$6

$8

$10

$12

$14

$16

$18

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Q4

2013

Q1

2014

Q2

2014

Q3

2014

Q4

2014

Q1

2015

Q2

2015

Q3

2015

Q4

2015

Increase in Small Business Lending over

Baseline Level ($ in Billions)

Increase from Baseline through Q3 2011 Increase from Q3 2011 to Current Quarter

Treasury’s investments in SBLF participants were made in

Q2 and Q3 2011.  Please see Appendix B for additional

information on changes in small business lending

following the initial SBLF investments.
4

Beginning in late 2015, SBLF experienced a significant increase in redemptions by bank participants, likely in

anticipation of the Act’s step‐up in interest or dividend rates in Q1 2016. As a result of the increase in redemptions,

total lending growth over baseline reported is declining as shown in the chart above. As of December 31, 2015, the

total cumulative net increase in small business lending over baseline reported by current SBLF participants during the

course of their participation in the SBLF program is $8.8 billion, a decrease of $4.6 billion from the previous quarter.6

   

As of March 1, 2016, 200 institutions with aggregate investments of $3.0 billion have fully redeemed their SBLF

Treasury investment and exited the program, and 13 institutions have partially redeemed $97 million (or 55 percent

of their SBLF securities) while continuing to participate in the program.  

Increases in small business lending are widespread among remaining SBLF participants.  To date, all of the 115

participating community banks  and 42 of the 47 CDLFs (or 89 percent) have increased their small business lending.  

In addition, 152 of the 162 SBLF participants (or 94 percent) have increased their small business lending by 10 percent

or more.   

Changes in Small Business Lending Report Pre and Post Investment Period

In the period between the baseline and the investment date, some participants increased lending, while others

decreased.  The Act, and the associated program terms, required that an institution’s initial dividend or interest rate

be based on call report data published in the quarter immediately preceding the date of Treasury’s investment.  

Among other effects, this provision may have encouraged institutions to increase small business lending prior to

entering the SBLF program, as they would receive the associated dividend or interest rate benefit immediately upon

entry.  At the same time, some institutions took actions (e.g., sales of loans or branches or reductions in loans

outstanding) that reduced the amount of reported small business lending, such that their initial change in small

business lending over their baseline was negative.

In total, 262 (79 percent) of SBLF participants increased lending by $4.5 billion and 70 (21 percent) participants

decreased lending by $991 million from the baseline period until the time of Treasury’s initial investments in the

quarter ended September 30, 2011, as shown in the darker blue in the chart above.  In subsequent quarters the dark

blue bar shows the affect of institutions that redeemed on the pre investment period.

   

                                                            

6 Due to redemptions totaling $5.09 billion by 68 participants exiting the program, the total change was negative; however, current participants

continued to increase lending by $444 million.
5

Aggregate Growth in Small Business Lending By Current and Former Participants

The chart below shows the cumulative net lending growth of all current and former participants in the program by

incorporating changes in qualified small business lending over baseline for former SBLF participants at the amount

reported in the final quarter of program participation and holding those balance changes constant in future quarters.

For example, if an SBLF participant reported a total increase in small business lending of $100 million over baseline in

the final quarter prior to a full redemption, that amount is held constant and included in the net small business

lending growth calculation in each quarter thereafter, instead of being removed as under the method described in

the previous section.   This approach captures the cumulative lending by all participants, both current and redeemed,

and more comprehensively displays total historical program impact.

As of December 31, 2015, the total cumulative net impact on qualified small business lending over baseline reported

by current and former SBLF participants is $18.4 billion, an increase of $0.5 billion from the previous quarter.

Current and Historical Change in Small Business Lending over Baseline by SBLF Participants7

(Reported as of December 31, 2015)

                                                            

7 The chart on page 3 reflects the cumulative net change in qualified small business lending reported by all participating

institutions for each respective quarter. In Q4 2013, redemptions by SBLF participants with negative lending balances outpaced

that of institutions with positive lending balances. As a result of these redemptions. cumulative lending growth reported for the

period increased by $150 million as negative balance participants redeemed Treasury’s investment. In the first quarter of 2014,

that trend reversed, with several institutions reporting strong positive lending over baseline (totaling $380 million) redeeming

during that period, such that the net effect of cumulative small business lending growth at institutions that redeemed totaled a

positive $230 million through that quarter.  This led to a respective decrease of the same amount of total measured qualified

small business lending under the standard methodology.

$3.5 $4.8 $5.2 $6.6 $7.4 $8.8 $9.0 $10.3 $11.2 $12.5 $12.4 $13.5 $14.3 $15.1 $15.4 $15.2 $13.4

$8.8

$0.0 $0.05

$0.09$0.02 $0.03

$0.22

‐$0.15

$0.23$0.26$0.44$0.70$0.97$2.44

$4.53

$9.62

$3.5

$4.8 $5.2

$6.6 $7.5

$8.9 $9.0

$10.3$11.4$12.4$12.6$13.8$14.7$15.8

$16.4

$17.6$17.9$18.4

‐$5

$0

$5

$10

$15

$20

Q3

2011

Q4

2011

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Q4

2013

Q1

2014

Q2

2014

Q3

2014

Q4

2014

Q1

2015

Q2

2015

Q3

2015

Q4

2015

Current and Historical Change in Small Business

Lending over Baseline Level ($ in Billions)

Cumulative Net Lending Balances Reported by All Redeemed Institutions through Reported Quarter

Cumulative Net Lending Balances Reported by All Current Participants through Reported Quarter
6

Using average loan size data reported by SBLF participants in the Third Annual Lending Survey8, this $18.4 billion

represents an estimated 75,720 in qualified small business loans made by SBLF participants.

Distribution of Small Business Lending Increases by Quartile

If ranked and grouped by the amount of SBLF funds received, the 83 institutions that received $15 million or more of

SBLF funding accounted for $8.5 billion of the total reported increase in small business lending of $18.4 with $2.7

billion of funds received. The graph below shows the changes in small business lending across four equally‐sized

groups of SBLF participants based on the dollar amount of SBLF funds received.

Changes in Small Business Lending by Dollar Amount of SBLF Funds Received

(Reported as of December 31, 2015)

Institutions with the largest initial investments saw the largest absolute increases in small business lending. However,

institutions with the smallest initial investments saw the largest proportional increase, growing small business lending

by a factor of 12 over baseline.   

                                                            

8 The average loan size reported by SBLF participants in the Third Annual Lending Survey was $243,000. The average loan size was

based on the period July 2013 through June 2014.  SBLF did not conduct another survey for the 12 month period ending June

2015 because of the significant decrease in the number of banks that would remain to respond after the step up quarter of Q1

2016.

$2.7

$0.8 $0.4 $0.1

$8.5

$5.8

$2.9

$1.2

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

First Quartile

(Over $15.0Million)

Second Quartile

($7.0 ‐ $15.0 Million)

Third Quartile

($3.3 ‐ $7.0 Million)

Fourth Quartile

($3.3 Million or Less)

$ Billions

Quartiles by Dollar Amount of Funds Received

SBLF Funds Received Change in Small Business Lending over Baseline
7

If ranked and grouped by the dollar value of changes in small business lending, the top quartile of current and former

participants accounted for $13.7 billion of the total reported increase in small business lending with $1.9 billion of

SBLF funds received. Institutions in the bottom quartile decreased their small business lending by a total of $800

million in aggregate.  Of the 82 institutions in the fourth quartile, 33 reported negative changes in small business

lending over baseline in the period of redemption.  The net effect of the declines in small business lending at the 33

institutions was an overall decline in small business lending in the fourth quartile.  

The following graph shows the change in small business lending across four equally‐sized groups of SBLF participants

based on the dollar amount of their change in lending.

Increase in Small Business Lending by Dollar Amount of Lending Change

(Reported as of December 31, 2015)

   

$1.9

$0.8 $0.5 $0.8

$13.7

$4.1

$1.4

‐$2.0 ‐$0.8

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

$14.0

$16.0

First Quartile

(Over $70.9 Million)

Second Quartile

($30.0 ‐ $70.8 Million)

Third Quartile

($7.3 ‐ $29.8 Million)

Fourth Quartile

($7.2 Million or Less)

$ in Billions

Quartiles by Dollar Amount of Change in Small Business Lending

SBLF Funds Received Change in Small Business Lending over Baseline
8

Distribution of Small Business Lending Increases by Institution Size

Small business lending increased among groups of institutions of all sizes (as defined by total assets), with the largest

aggregate increases in dollar value reported by institutions with under 250 million in total assets.9 The largest

institutions (defined as those participants with more than $1.0 billion in total assets) increased small business

lending by $4.6 billion while the smallest institutions (defined as those participants with less than $250 million in

assets) increased small business lending by $5.3 billion.  

The following graph shows cumulative increases in small business lending across four categories of institution size.

Increase in Small Business Lending by Institution Size

(Reported as of December 31, 2015)

   

                                                            

9 In this report, institution size (including the size ranges in this graph and the segmentation of institutions) is based on the total assets reported

by banks as of March 31, 2011, the quarter immediately prior to Treasury’s first SBLF investment.

$0.8 $0.7

$1.0

$1.5

$5.3

$4.9

$3.6

$4.6

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0 ‐ $249 Million

(n=181)

$250 ‐ $499 Million

(n=66)

$500 ‐ $999 Million

(n=51)

$1.0 ‐ $6.4 Billion

(n=31)

$ in Billions

Size by Total Assets

SBLF Funds Received Change in Small Business Lending over Baseline
9

Distribution of Small Business Lending Increases by Regional Geography

In each region of the country, SBLF participants reported aggregate increases in small business lending.  Institutions in

the Southeast reported the largest aggregate increase ($4.8 billion) with one of the larger shares of SBLF funds

received ($859 million).   

The following graph shows increases in small business lending over baseline levels and SBLF funds received across six

geographic regions. 10

Increase in Small Business Lending by Regional Geography

(Reported as of December 31, 2015)

   

                                                            

10 In this report, the Midwest region includes: IA, IL, IN, KS, KY, MI, MN, MO, ND, NE, OH, SD, and WI.  The Southwest region includes: AZ, CO,

LA, NM, OK, TX, and UT.  The Southeast region includes: AL, AR, FL, GA, MS, NC, TN, SC, VA, and WV.  The Mid‐Atlantic region includes: DC, DE,

MD, NJ, NY, and PA.  The West region includes: CA, ID, MT, NV, OR, WA, and WY.  The Northeast region includes: CT, MA, ME, NH, RI, and VT.

$1.1 $0.9 $0.9

$0.5 $0.4 $0.2

$3.8

$4.2

$4.8

$2.5

$2.1

$1.0

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

Midwest (n=94) Southwest

(n=48)

Southeast

(n=72)

Mid‐Atlantic

(n=52)

West

(n=39)

Northeast

(n=24)

$ in Billions

Axis Title SBLF Funds Received Change in Small Business Lending over Baseline
10

APPENDICES

A. Report Methodology

B. Changes in Lending Since Initial SBLF Investments

C. Institution‐Specific Reporting on Small Business Lending by SBLF Participants

   
11

APPENDIX A:  REPORT METHODOLOGY  

This report provides information on changes in small business lending, business lending, and other (non‐business

related) lending by SBLF participants as of December 31, 2015, relative to baseline levels.  For each institution

analyzed for this report, changes in lending are measured as the dollar value or percentage change, as noted, in

lending between December 31, 2015 and the baseline period, unless otherwise specified.  The baseline is calculated

as the average of the applicable loan amounts that the institution reported for each of the four calendar quarters

ended June 30, 2010.

Measurement of Small Business Lending

SBLF participants, which include banks and community development loan funds (CDLFs), report changes in small

business lending by submitting quarterly reports to Treasury.  This information is aggregated and presented in

summary form in the “Increases in Small Business Lending Over Baseline Levels” section of this report.   

The Act defines “small business lending” as business loans that are (i) $10 million or less in amount to businesses with

$50 million or less in revenue and (ii) included in one of the following categories:

• Commercial and industrial loans

• Owner‐occupied nonfarm, nonresidential real estate loans (“owner‐occupied CRE”)

• Loans to finance agricultural production and other loans to farmers (“agricultural production”)

• Loans secured by farmland (“farmland”)

The SBLF program terms provide for additional adjustments to the calculation of small business lending relating to

net charge‐offs and portions of loans guaranteed by the U.S. government or for which risk has been assumed by third

parties, as well as mergers and acquisitions and purchases of loans.

Changes in small business lending are calculated as the difference between the level of loans outstanding as of

December 31, 2015 and the baseline amount.  Participants report their baseline and changes in small business

lending by submitting quarterly supplemental reports to Treasury.  The most recent supplemental report includes

lending information as of December 31, 2015.  Participants are required to revise prior period submissions of small

business lending data if inaccuracies are identified.  Treasury publishes this updated information quarterly in its

Report on SBLF Participants’ Small Business Lending Growth (previously titled the SBLF Use of Funds Report).  This

report includes restatements of prior period institution‐specific information in the report appendices, which are also

available in Microsoft Excel format.  These resubmissions may yield minor differences in reporting, with each report

including the most recent available data for the then‐current period as well as all prior periods.  Because the most

recent information available for all periods is included in each quarterly report, Treasury does not generally revise

prior period reports to reflect these resubmissions.   

When a SBLF participant exits the program, the associated changes to qualified small business lending are removed

from the total qualified small business growth calculation in the quarter of redemption, as well as all future reporting

periods.  

Institution‐specific reporting on changes in small business lending by SBLF participants is presented in Appendix C.   
12

APPENDIX B:  CHANGES IN LENDING SINCE INITIAL SBLF INVESTMENTS  

The table on this page includes the aggregate increases in qualified small business lending by participants since the

initial SBLF investments.11  Additionally, it shows quarter‐over‐quarter changes in the number of participants

reporting lending in the five ranges of small business loan growth that correspond to various dividend or interest

rates payable on SBLF securities.  Please see Appendix D for institution‐specific reporting of small business lending by

SBLF participants.

   

                                                            

11 In this analysis, the point of SBLF investment is defined as Q3 2011 and is measured as the change in lending between September 30, 2011

and September 30, 2014.  The first four of Treasury’s investments in SBLF participants were made in the quarter ended June 30, 2011, with all

subsequent investments made in the quarter ended September 30, 2011.   

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015

Cumulative Increase in Small Business Lending ($ in Billions) $1.3 $1.7 $3.1 $3.9 $5.2 $5.4 $6.8 $7.4 $8.7 $8.6 $9.8 $10.6 $11.6 $12.3 $12.5 $11.7 $7.5

Change in Small Business Lending (# of Participants)

Under 2.5% or Reduced 156 137 93 84 65 70 47 40 31 34 26 20 16 14 12 14 10

2.5 to 4.9% Increase 46 37 39 20 17 17 6 10 9 8 13 4 6 4 5 2 5

5.0 to 7.4% Increase 45 31 26 22 17 19 18 9 8 9 3 9 6 6 6 4 3

7.5 to 9.9% Increase 27 27 26 31 20 12 16 15 12 8 7 7 4 8 6 5 3

10.0% or Greater Increase 58 100 147 169 201 199 228 233 238 236 241 240 424 235 230 205 141

Participant Changes in Qualified Small Business Lending Since Initial SBLF Investments (Q3 2011)
13

APPENDIX C: INSTITUTION‐SPECIFIC REPORTING ON SMALL BUSINESS LENDING BY SBLF

PARTICIPANTS
Institutions Participating in SBLF

Report on Information from 12/31/2015 Quarterly Supplemental Reports transmitted with April 2016 Report

Name City State Baseline Level Current Level Increase (Decrease) over 

Southern States Bancshares, Inc. Anniston AL Bank 7,492,000 79,579,000 127,201,000 47,622,000 

Rock Bancshares, Inc. Little Rock AR Bank 6,742,000 56,208,000 108,085,000 51,877,000 

CU Bancorp (1st Enterprise Bank) Encino CA Bank 16,400,000 340,835,000 737,206,000 396,371,000 

Banc of California, Inc. (First PacTrust Bancorp, Inc.) Irvine CA Bank 42,000,000 568,663,000 647,962,000 79,299,000 

Silvergate Capital Corporation La Jolla CA Bank 7,427,000 9,115,000 36,855,000 27,740,000 

California Bank of Commerce Lafayette CA Bank 11,000,000 73,565,000 295,488,000 221,923,000 

ProAmérica Bank (Promérica Bank) Los Angeles CA Bank 3,750,000 43,274,000 60,340,000 17,066,000 

GBC Holdings, Inc. Los Angeles CA Bank 5,000,000 81,993,000 93,995,000 12,002,000 

Partners Bank of California Mission Viejo CA Bank 2,463,000 54,729,000 56,557,000 1,828,000 

Seacoast Commerce Banc Holdings (Seacoast Commerce Bank) San Diego CA Bank 4,000,000 45,374,000 117,859,000 72,485,000 

Capital Bank San Juan Capistrano CA Bank 3,132,000 16,458,000 99,376,000 82,918,000 

CIC Bancshares, Inc. Denver CO Bank 1,772,000 87,266,000 149,999,000 62,733,000 

Morgan Capital Corporation Fort Morgan CO Bank 3,250,000 27,381,000 39,897,000 12,516,000 

Community Bank Delaware Lewes DE Bank 4,500,000 32,823,000 39,103,000 6,280,000 Marquis Bank Coral Gables FL Bank 3,500,000 11,273,000 77,018,000 65,745,000 

Ovation Holdings, Inc. Naples FL Bank 5,000,000 30,742,000 53,338,000 22,596,000 

Jefferson Bankshares, Inc. (Jefferson Bank of Florida) Oldsmar FL Bank 3,367,000 18,926,000 57,643,000 38,717,000 

HomeBancorp, Inc. Tampa FL Bank 7,398,000 12,298,000 33,745,000 21,447,000 

United Community Banks, Inc. (Moneytree Corporation) Blairsville GA Bank 9,992,000 1,890,093,000 2,228,211,000 338,118,000 

The Peoples Bank of Talbotton Talbotton GA Bank 890,000 5,943,000 10,748,000 4,805,000 

Lowndes Bancshares, Inc. Valdosta GA Bank 6,000,000 41,214,000 53,032,000 11,818,000 

Heartland Financial USA, Inc. Dubuque IA Bank 81,698,000 1,739,783,000 1,981,525,000 241,742,000 

Liberty Financial Services, Inc. Sioux City IA Bank 7,000,000 67,844,000 123,734,000 55,890,000 

Commercial Financial Corp Storm Lake IA Bank 18,000,000 254,609,000 282,676,000 28,067,000 

D.L. EVANS BANCORP Burley ID Bank 14,891,000 380,372,000 429,194,000 48,822,000 

Illinois State Bancorp, Inc. Chicago IL Bank 10,026,000 60,188,000 87,754,000 27,566,000 

Signature Bancorporation, Inc. Chicago IL Bank 12,500,000 123,830,000 199,434,000 75,604,000 

Prime Banc Corp. Dieterich IL Bank 10,000,000 98,284,000 191,439,000 93,155,000 

First Eldorado Bancshares, Inc. Eldorado IL Bank 3,000,000 41,312,000 121,958,000 80,646,000 

First Community Financial Corporation Elgin IL Bank 6,100,000 32,801,000 33,120,000 319,000 

Merchants and Manufacturers Bank Corporation Joliet IL Bank 6,800,000 57,311,000 83,406,000 26,095,000 

Tri‐County Financial Group, Inc. Mendota IL Bank 20,000,000 164,012,000 287,013,000 123,001,000 

People First Bancshares, Inc. Pana IL Bank 9,198,000 129,986,000 197,997,000 68,011,000 

First Bankers Trustshares, Inc. Quincy IL Bank 10,000,000 154,833,000 201,956,000 47,123,000 

Community Illinois Corporation Rock Falls IL Bank 4,500,000 78,909,000 103,060,000 24,151,000 

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as of 
Institutions Participating in SBLF

Report on Information from 12/31/2015 Quarterly Supplemental Reports transmitted with April 2016 Report

Name City State Baseline Level Current Level Increase (Decrease) over 

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as of 

Town and Country Financial Corporation Springfield IL Bank 5,000,000 91,149,000 146,115,000 54,966,000 

First Savings Financial Group, Inc. Clarksville IN Bank 17,120,000 58,334,000 91,480,000 33,146,000 

Horizon Bancorp Michigan City IN Bank 12,500,000 287,720,000 387,617,000 99,897,000 

AMB Financial Corp. Munster IN Bank 3,858,000 21,296,000 29,500,000 8,204,000 

Bern Bancshares, Inc. Bern KS Bank 1,500,000 23,043,000 37,987,000 14,944,000 

Osborne Investments, Inc. Osborne KS Bank 1,000,000 15,015,000 30,747,000 15,732,000 

Magnolia Bancshares Inc. Hodgenville KY Bank 2,000,000 30,631,000 57,565,000 26,934,000 

MidSouth Bancorp, Inc. LaFayette LA Bank 32,000,000 401,918,000 565,343,000 163,425,000 

First NBC Bank Holding Company New Orleans LA Bank 37,935,000 370,388,000 634,049,000 263,661,000 

Origin Bancorp (Community Trust Financial Corporation) Ruston LA Bank 48,260,000 387,778,000 733,533,000 345,755,000 

Leader Bancorp, Inc. Arlington MA Bank 12,852,000 30,398,000 85,166,000 54,768,000 

Island Bancorp, Inc. Edgartown MA Bank 2,000,000 23,581,000 35,267,000 11,686,000 

New England Bancorp, Inc. Hyannis MA Bank 4,000,000 49,765,000 82,216,000 32,451,000 

Monument Bank (MD) Bethesda MD Bank 5,675,000 37,823,000 77,922,000 40,099,000 

Howard Bancorp, Inc. Ellicott City MD Bank 12,562,000 207,071,000 283,714,000 76,643,000 

Crestmark Bancorp, Inc. Troy MI Bank 8,250,000 198,199,000 458,592,000 260,393,000 

Kerkhoven Bancshares, Inc Kerkhoven MN Bank 1,500,000 24,950,000 40,479,000 15,529,000 

Platinum Bancorp, Inc. Oakdale MN Bank 4,453,000 44,920,000 61,821,000 16,901,000 Redwood Financial, Inc. Redwood Falls MN Bank 6,425,000 53,010,000 92,551,000 39,541,000 

Heritage Bancshares Group, Inc. Willmar MN Bank 11,000,000 149,302,000 220,681,000 71,379,000 

Fortune Financial Corporation Arnold MO Bank 3,255,000 46,918,000 56,607,000 9,689,000 Cardinal Bancorp II, Inc. Washington MO Bank 6,251,000 62,590,000 78,019,000 15,429,000 

Bancorp of Montana Holding Company Missoula MT Bank 1,460,000 3,332,000 12,331,000 8,999,000 

Union Banc Corp. (Union Bank & Trust Company) Oxford NC Bank 6,200,000 38,779,000 68,448,000 29,669,000 

Providence Bank Rocky Mount NC Bank 4,250,000 32,074,000 44,810,000 12,736,000 

Western State Agency, Inc. Devils Lake ND Bank 12,000,000 154,511,000 375,807,000 221,296,000 

Alerus Financial Corporation Grand Forks ND Bank 20,000,000 299,876,000 499,524,000 199,648,000 

First Colebrook Bancorp, Inc. Colebrook NH Bank 8,623,000 61,976,000 84,694,000 22,718,000 

ConnectOne Bancorp Inc. (Center Bancorp, Inc.) Englewood Cliffs NJ Bank 11,250,000 557,777,000 624,198,000 66,421,000 

Harmony Bank Jackson NJ Bank 3,500,000 15,897,000 68,389,000 52,492,000 

Regal Bank Livingston NJ Bank 7,000,000 25,872,000 36,914,000 11,042,000 

Freedom Bank Maywood NJ Bank 4,000,000 32,445,000 67,034,000 34,589,000 

Highlands Bancorp, Inc. Vernon NJ Bank 6,853,000 33,899,000 115,812,000 81,913,000 

Crest Savings Bancorp, Inc. Wildwood NJ Bank 2,500,000 23,276,000 28,469,000 5,193,000 Meadows Bank Las Vegas NV Bank 8,500,000 47,672,000 203,177,000 155,505,000 
Institutions Participating in SBLF

Report on Information from 12/31/2015 Quarterly Supplemental Reports transmitted with April 2016 Report

Name City State Baseline Level Current Level Increase (Decrease) over 

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as of 

Alma Bank Astoria NY Bank 19,000,000 91,798,000 290,111,000 198,313,000 

Pathfinder Bancorp, Inc. Oswego NY Bank 13,000,000 70,953,000 155,221,000 84,268,000 

Catskill Hudson Bancorp, Inc. Rock Hill NY Bank 9,681,000 116,224,000 161,829,000 45,605,000 

Seneca‐Cayuga Bancorp, Inc. Seneca Falls NY Bank 5,000,000 30,067,000 35,928,000 5,861,000 Community Independent Bancorp Inc. West Salem OH Bank 2,250,000 12,020,000 19,941,000 7,921,000 

AmeriBank Holding Company Collinsville OK Bank 5,347,000 33,172,000 80,477,000 47,305,000 

Prime Bank Group Edmond OK Bank 4,456,000 20,960,000 72,848,000 51,888,000 

Central Service Corporation Enid OK Bank 2,500,000 148,029,000 270,621,000 122,592,000 

Enterprise Financial Services Group, Inc. Allison Park PA Bank 5,000,000 87,306,000 97,902,000 10,596,000 

Monument Bank (PA) Doylestown PA Bank 2,970,000 19,715,000 50,552,000 30,837,000 Covenant Financial Inc. (MileStone Bank) Doylestown PA Bank 5,100,000 46,778,000 121,737,000 74,959,000 

First Resource Bank Exton PA Bank 1,271,000 32,586,000 63,480,000 30,894,000 

Penn Liberty Financial Corp. Wayne PA Bank 20,000,000 137,340,000 201,605,000 64,265,000 

Codorus Valley Bancorp, Inc. York PA Bank 12,000,000 173,982,000 294,432,000 120,450,000 

TCB Corporation Greenwood SC Bank 8,640,000 56,579,000 75,803,000 19,224,000 

Carolina Alliance Bank Spartanburg SC Bank 5,000,000 129,064,000 188,004,000 58,940,000 

BHCB Holding Company Rapid City SD Bank 2,000,000 34,982,000 76,082,000 41,100,000 

Merchants and Planters Bancshares, Inc. Bolivar TN Bank 1,000,000 19,097,000 21,462,000 2,365,000 

Planters Financial Group, Inc. Clarksville TN Bank 20,000,000 135,095,000 189,787,000 54,692,000 

Landmark Community Bank Collierville TN Bank 8,000,000 30,355,000 71,827,000 41,472,000 Evolve Bancorp, Inc. Cordova TN Bank 4,699,000 19,101,000 122,200,000 103,099,000 

Franklin Financial Network, Inc. Franklin TN Bank 10,000,000 86,339,000 237,396,000 151,057,000 

SmartFinancial, Inc. Knoxville TN Bank 12,000,000 150,898,000 229,726,000 78,828,000 

InsCorp, Inc. Nashville TN Bank 3,000,000 27,512,000 95,202,000 67,690,000 

Liberty Capital Bancshares, Inc. Addison TX Bank 1,500,000 16,656,000 40,181,000 23,525,000 

BMC Bancshares, Inc. Dallas TX Bank 1,206,000 8,021,000 14,018,000 5,997,000 

Sovereign Bancshares, Inc. Dallas TX Bank 24,500,000 183,263,000 263,280,000 80,017,000 

Third Coast Bancshares, Inc. (Third Coast Bank SSB) Humble TX Bank 8,673,000 58,731,000 225,118,000 166,387,000 

Joaquin Bankshares Inc. Huntington TX Bank 3,908,000 40,722,000 46,522,000 5,800,000 

AIM Bancshares, Inc. Levelland TX Bank 9,100,000 108,892,000 332,332,000 223,440,000 

Vista Bancshares, Inc. (McLaughlin Bancshares, Inc.) Ralls TX Bank 6,600,000 47,152,000 117,912,000 70,760,000 

FB BanCorp San Antonio TX Bank 12,000,000 39,335,000 114,730,000 75,395,000 

The ANB Corporation Terrell TX Bank 37,000,000 402,694,000 563,152,000 160,458,000 

Steele Holdings, Inc. Tyler TX Bank 8,282,000 31,142,000 54,374,000 23,232,000 

LCA Bank Corporation Park City UT Bank 2,727,000 14,000 2,931,000 2,917,000 
Institutions Participating in SBLF

Report on Information from 12/31/2015 Quarterly Supplemental Reports transmitted with April 2016 Report

Name City State Baseline Level Current Level Increase (Decrease) over 

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as of 

Medallion Bank Salt Lake City UT Bank 26,303,000 233,231,000 384,433,000 151,202,000 

CCB Bancshares, Inc. (Citizens Community Bank) South Hill VA Bank 1,000,000 38,520,000 57,034,000 18,514,000 

Deerfield Financial Corporation Deerfield WI Bank 3,650,000 21,564,000 29,509,000 7,945,000 

Nicolet Bankshares, Inc. Green Bay WI Bank 12,200,000 371,324,000 424,146,000 52,822,000 

Sword Financial Corporation Horicon WI Bank 8,500,000 205,125,000 296,863,000 91,738,000 

First American Investment, Inc. Hudson WI Bank 1,705,710 39,254,000 40,411,000 1,157,000 County Bancorp, Inc. Manitowoc WI Bank 15,000,000 379,555,000 588,616,000 209,061,000 

Northern Bankshares, Inc. McFarland WI Bank 7,000,000 138,447,000 141,559,000 3,112,000 

First Menasha Bancshares, Inc. Neenah WI Bank 10,000,000 65,519,000 122,634,000 57,115,000 

MVB Financial Corp. Fairmont WV Bank 8,500,000 86,952,000 183,691,000 96,739,000 

OBDC Small Business Finance Oakland CA CDLF 219,000 2,473,000 5,996,000 3,523,000 

California Coastal Rural Development Corporation Salinas CA CDLF 870,000 9,545,000 9,306,000                       

(239,000) 

Low Income Investment Fund San Francisco CA CDLF 7,490,000 26,595,000 96,385,000 69,790,000 

Opportunity Fund Northern California San Jose CA CDLF 2,236,000 5,935,000 45,440,000 39,505,000 

Valley Economic Development Center, Inc. Van Nuys CA CDLF 661,000 11,450,000 35,762,000 24,312,000 

Rural Community Assistance Corporation West Sacramento CA CDLF 4,300,000 6,104,000 12,855,000 6,751,000 

Colorado Enterprise Fund, Inc. Denver CO CDLF 463,000 5,721,000 14,766,000 9,045,000 

Greater New Haven Community Loan Fund New Haven CT CDLF 525,000 758,000 2,731,000 1,973,000 

Partners for the Common Good, Inc. Washington DC CDLF 1,009,000 4,888,000 5,626,000 738,000 

BUILDING HOPE...A CHARTER SCHOOL FACILITIES FUND Washington DC CDLF 2,091,000 23,190,000 28,316,000 5,126,000 

Access to Capital for Entrepreneurs, Inc. (Appalachian Communi Cleveland GA CDLF 188,000 2,773,000 13,489,000 10,716,000 

IFF Chicago IL CDLF 8,294,000 108,261,000 178,632,000 70,371,000 

Federation of Appalachian Housing Enterprises, Inc. Berea KY CDLF 2,063,000 4,137,000 4,546,000 409,000 

Community Ventures Corporation Lexington KY CDLF 1,045,000 3,451,000 15,867,000 12,416,000 

Community Health Center Capital Fund, Inc. (Capital Link, Inc.) Boston MA CDLF 198,000 1,420,000 8,114,000 6,694,000 

Common Capital, Inc. (The Western Massachusetts Enterprise F Holyoke MA CDLF 200,000 3,526,000 4,853,000 1,327,000 

Boston Community Loan Fund, Inc. Roxbury MA CDLF 4,410,000 11,378,000 24,772,000 13,394,000 

Enterprise Community Loan Fund, Inc. Columbia MD CDLF 8,817,000 8,849,000 31,301,000 22,452,000 

Coastal Enterprises, Inc. Brunswick ME CDLF 2,316,000 17,640,000 32,639,000 14,999,000 

Nonprofits Assistance Fund Minneapolis MN CDLF 686,000 6,979,000 15,009,000 8,030,000 Community Reinvestment Fund, Inc. Minneapolis MN CDLF 5,100,000 43,655,000 42,873,000                       

(782,000) 

Mountain BizCapital, Inc. Asheville NC CDLF 197,000 2,154,000 4,570,000 2,416,000 

Nebraska Enterprise Fund Oakland NE CDLF 197,000 1,454,000 6,757,000 5,303,000 

Leviticus 25:23 Alternative Fund, Inc. Elmsford NY CDLF 750,000 2,218,000 3,587,000 1,369,000 

TruFund Financial Services (Seedco Financial Services, Inc.) New York NY CDLF 2,500,000 33,651,000 14,891,000                  

(18,760,000) 
Institutions Participating in SBLF

Report on Information from 12/31/2015 Quarterly Supplemental Reports transmitted with April 2016 Report

Name City State Baseline Level Current Level Increase (Decrease) over 

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as of 

Primary Care Development Corporation New York NY CDLF 4,000,000 33,280,000 17,839,000                  

(15,441,000) 

Economic and Community Development Institute, Inc. Columbus OH CDLF 203,000 2,728,000 14,539,000 11,811,000 

Citizen Potawatomi Community Development Corporation Shawnee OK CDLF 490,000 6,505,000 11,042,000 4,537,000 

The Progress Fund Greensburg PA CDLF 1,052,000 12,109,000 23,486,000 11,377,000 

Community First Fund Lancaster PA CDLF 862,000 11,002,000 21,863,000 10,861,000 

The Reinvestment Fund, Inc. Philadelphia PA CDLF 11,708,000 113,268,000 218,655,000 105,387,000 

Northside Community Development Fund Pittsburgh PA CDLF 250,000 2,190,000 3,114,000 924,000 

Bridgeway Capital, Inc. Pittsburgh PA CDLF 1,820,000 18,674,000 43,380,000 24,706,000 

Charleston Citywide Local Development Corporation Charleston SC CDLF 1,000,000 1,799,000 3,270,000 1,471,000 

South Carolina Community Loan Fund (Lowcountry Housing TrusNorth Charleston SC CDLF 392,000 96,000 4,429,000 4,333,000 

Rural Electric Economic Development, Inc. Madison SD CDLF 1,230,000 11,116,000 10,498,000                       

(618,000) 

South Eastern Development Foundation Sioux Falls SD CDLF 240,000 2,486,000 6,237,000 3,751,000 

Northeast South Dakota Economic Corporation Sisseton SD CDLF 1,000,000 11,758,000 14,993,000 3,235,000 

CEN‐TEX Certified Development Corporation Austin TX CDLF 489,000 3,435,000 6,999,000 3,564,000 

PeopleFund Austin TX CDLF 500,000 8,598,000 12,601,000 4,003,000 

ECDC Enterprise Development Group Arlington VA CDLF 320,000 1,402,000 3,436,000 2,034,000 

Capital Impact Partners (NCB Capital Impact) Arlington VA CDLF 8,218,000 95,578,000 171,081,000 75,503,000 

Vermont Community Loan Fund, Inc. Montpelier VT CDLF 1,247,000 12,787,000 15,946,000 3,159,000 

Craft3 (ShoreBank Enterprise Group, Pacific) Ilwaco WA CDLF 1,867,000 24,108,000 70,623,000 46,515,000 Impact Seven, Incorporated Almena WI CDLF 4,000,000 13,344,000 24,673,000 11,329,000 

Forward Community Investments, Inc. Madison WI CDLF 470,000 3,964,000 9,003,000 5,039,000 

Wisconsin Women's Business Initiative Corporation Milwaukee WI CDLF 391,000 4,562,000 14,761,000 10,199,000