July 2017

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 March 31, 2017,

relative to baseline levels.2

  This report also includes information on the 61 institutions (including 15 community

banks and 46 CDLFs) that continued to participate in the program as of March 31, 2017 and submitted quarterly

supplemental reports for that quarter.  Since the program’s inception, the total increase in small business lending

reported by current and former3 SBLF participants is $18.8 billion over baseline.   

• As of June 1, 2017, 270 institutions with aggregate investments of $3.67 billion have fully redeemed their

SBLF Treasury investment and exited the program, and 5 institutions have partially redeemed $36 million (or

68 percent of their SBLF securities) while continuing to participate in the program. One institution, with an

aggregate SBLF investment of $37.9 million, filed for bankruptcy protection in Q2 2017, after its bank

subsidiary was closed by its state regulator and placed into FDIC receivership.

• As of Q1 2017, current SBLF participants have increased their small business lending by $2.4 billion over a

$2.7 billion baseline.  

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

participating community banks  and 42 of the 46 CDLFs (or 91 percent) have increased their small business

lending.  In addition, 55 of the 61 SBLF participants (or 90 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 are no longer included in this report due to the significantly

reduced number of banks left in the program 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 61 institutions that continued to participate in the program as of March 31, 2017 and submitted quarterly

supplemental reports for the first quarter, including 15 community banks and 46 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 had not

repaid the SBLF funding after four and a half years, the rate increased 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 was, at most, 7.7 percent. If these institutions increased their small

business lending by 10 percent or more, then the rate fell 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 March 31, 2017.  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 March 31, 2017)  

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 $1.1 $1.0 $0.9 $0.9 $0.9 $0.7

$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

$7.7

$3.3 $2.9 $2.4 $2.3 $1.7

$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

$4.3$3.8$3.3$3.2$2.4

$0

$2

$4

$6

$8

$10

$12

$14

$16

$18

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 March 31, 2017, 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 $2.4 billion, which represents a decrease in lending of

approximately $818 million quarter over quarter.   

As of June 1, 2017, 270 institutions with aggregate investments of $3.67 billion have fully redeemed their SBLF

Treasury investment and exited the program, and 5 institutions have partially redeemed $36 million (or 68 percent of

their SBLF securities) while continuing to participate in the program. One institution, with an aggregate SBLF

investment of $37.9 million, filed for bankruptcy protection in Q2 2017, after its bank subsidiary was closed by its

state regulator and placed into FDIC receivership.

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

community banks  and 42 of the 46 CDLFs (or 91 percent) have increased their small business lending.  In addition, 55

of the 61 SBLF participants (or 90 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 on page 3.  In subsequent quarters the

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

   
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 March 31, 2017, the total cumulative net impact on qualified small business lending over baseline reported by

current and former SBLF participants is $18.8 billion.

Current and Historical Change in Small Business Lending over Baseline by SBLF Participants6

(Reported as of March 31, 2017)

Using average loan size data reported by SBLF participants in the Third Annual Lending Survey7

, this $18.8 billion

represents an estimated 77,000 in qualified small business loans made by SBLF participants.

                                                            

6 The chart on page 5 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

$4.3 $3.8 $3.3 $3.2 $2.4

$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

$14.12

$14.98

$15.37

$15.58

$16.35

$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$18.5$18.7$18.7$18.8$18.8

‐$5

$0

$5

$10

$15

$20

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

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 $8.4 billion of the total reported increase in small business lending 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 March 31, 2017)

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 11 over baseline.   

                                                                                                                                                                                                                        7 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

$8.4

$6.1

$2.9

$1.3

$0.0

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

First Quartile

(Over $15.0 Million)

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 $13.9 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, 32 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 32

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 March 31, 2017)

   

$1.9

$0.8 $0.5 $0.8

$13.9

$4.2

$1.5

‐$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 $72.5 Million)

Second Quartile

($30.0 ‐ $71.9 Million)

Third Quartile

($7.9 ‐ $30.0 Million)

Fourth Quartile

($7.9 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.8 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 $5.6 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 March 31, 2017)

   

                                                            

8 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

$5.6

$5.1

$3.5

$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 ($4.9 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. 9

Increase in Small Business Lending by Regional Geography

(Reported as of March 31, 2017)

   

                                                            

9 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

$3.9

$4.2

$4.9

$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 by SBLF participants as of March 31, 2017,

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 March 31, 2017 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 March

31, 2017 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 March 31, 2017.  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 program10, 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.   

                                                            

10 Through redemption, bankruptcy or closure by its regulator.
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 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

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 $7.7 $3.3 $2.9 $2.4 $2.3 $1.7

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 4 6 6 6 9

2.5 to 4.9% Increase 46 37 39 20 17 17 6 10 9 8 13 4 6 4 5 2 5 0 0 0 2 0

5.0 to 7.4% Increase 45 31 26 22 17 19 18 9 8 9 3 9 6 6 6 4 3 3 1 0 0 1

7.5 to 9.9% Increase 27 27 26 31 20 12 16 15 12 8 7 7 4 8 6 5 3 1 2 1 2 0

10.0% or Greater Increase 58 100 147 169 201 199 228 233 238 236 241 240 424 235 230 205 141 77 68 62 56 51

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 3/31/2017 Quarterly Supplemental Reports transmitted with July 2017 Report

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

Rock Bancshares, Inc. Little Rock AR Bank 6,742,000 56,208,000 86,234,000 30,026,000 

CU Bancorp (1st Enterprise Bank) Encino CA Bank 16,400,000 340,835,000 656,504,000 315,669,000 

The Peoples Bank of Talbotton Talbotton GA Bank 890,000 5,943,000 14,502,000 8,559,000 Illinois State Bancorp, Inc. Chicago IL Bank 6,684,000 60,188,000 84,570,000 24,382,000 

MidSouth Bancorp, Inc. LaFayette LA Bank 32,000,000 403,027,000 551,617,000 148,590,000 

Origin Bancorp (Community Trust Financial Corporation) Ruston LA Bank 48,260,000 387,778,000 794,841,000 407,063,000 

Regal Bancorp, Inc. (Regal Bank) Livingston NJ Bank 7,000,000 51,723,000 52,062,000 339,000 

Alma Bank Astoria NY Bank 3,000,000 91,798,000 297,353,000 205,555,000 

Enterprise Financial Services Group, Inc. Allison Park PA Bank 5,000,000 87,306,000 90,110,000 2,804,000 

Evolve Bancorp, Inc. Cordova TN Bank 3,099,000 19,101,000 171,069,000 151,968,000 

Sovereign Bancshares, Inc. Dallas TX Bank 24,500,000 183,263,000 259,382,000 76,119,000 

Joaquin Bankshares Inc. Huntington TX Bank 1,000,000 40,722,000 53,309,000 12,587,000 

FB BanCorp San Antonio TX Bank 3,000,000 39,335,000 124,248,000 84,913,000 

LCA Bank Corporation Park City UT Bank 2,727,000 14,000 5,380,000 5,366,000 

Medallion Bank Salt Lake City UT Bank 26,303,000 233,231,000 315,125,000 81,894,000 

Main Street Launch (OBDC Small Business Finance) Oakland CA CDLF 219,000 2,473,000 7,766,000 5,293,000 

California Coastal Rural Development Corporation Salinas CA CDLF 870,000 9,545,000 11,823,000 2,278,000 

Low Income Investment Fund San Francisco CA CDLF 7,490,000 26,595,000 120,316,000 93,721,000 

Opportunity Fund Northern California San Jose CA CDLF 2,236,000 5,935,000 58,204,000 52,269,000 

Valley Economic Development Center, Inc. Van Nuys CA CDLF 661,000 11,450,000 48,008,000 36,558,000 

Rural Community Assistance Corporation West Sacramento CA CDLF 4,300,000 6,104,000 11,101,000 4,997,000 

Colorado Enterprise Fund, Inc. Denver CO CDLF 463,000 5,721,000 19,217,000 13,496,000 

Capital for Change, Inc. (Greater New Haven Community Loan F New Haven CT CDLF 525,000 4,796,000 6,204,000 1,408,000 

Partners for the Common Good, Inc. Washington DC CDLF 1,009,000 4,888,000 6,768,000 1,880,000 

BUILDING HOPE...A CHARTER SCHOOL FACILITIES FUND Washington DC CDLF 2,091,000 23,190,000 37,875,000 14,685,000 

Access to Capital for Entrepreneurs, Inc. (Appalachian Communi Cleveland GA CDLF 188,000 2,773,000 17,429,000 14,656,000 

IFF Chicago IL CDLF 8,294,000 108,261,000 220,500,000 112,239,000 

Federation of Appalachian Housing Enterprises, Inc. Berea KY CDLF 2,063,000 4,137,000 3,054,000                    

(1,083,000) 

Community Ventures Corporation Lexington KY CDLF 1,045,000 3,451,000 16,260,000 12,809,000 

Community Health Center Capital Fund, Inc. (Capital Link, Inc.) Boston MA CDLF 198,000 1,420,000 5,799,000 4,379,000 

Boston Community Loan Fund, Inc. Roxbury MA CDLF 4,410,000 11,378,000 28,237,000 16,859,000 Enterprise Community Loan Fund, Inc. Columbia MD CDLF 8,817,000 8,849,000 44,085,000 35,236,000 

Coastal Enterprises, Inc. Brunswick ME CDLF 2,316,000 18,380,000 47,082,000 28,702,000 Nonprofits Assistance Fund Minneapolis MN CDLF 686,000 6,979,000 15,485,000 8,506,000 Community Reinvestment Fund, Inc. Minneapolis MN CDLF 5,100,000 43,655,000 43,285,000                       

(370,000) 

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as o
Institutions Participating in SBLF

Report on Information from 3/31/2017 Quarterly Supplemental Reports transmitted with July 2017 Report

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

Institution Bank or

CDLF?

SBLF Funding

Outstanding

Qualified Small Business Lending as o

Mountain BizCapital, Inc. Asheville NC CDLF 197,000 2,190,000 5,995,000 3,805,000 

Nebraska Enterprise Fund Oakland NE CDLF 197,000 1,454,000 8,871,000 7,417,000 

Leviticus 25:23 Alternative Fund, Inc. Elmsford NY CDLF 750,000 2,218,000 2,652,000 434,000 TruFund Financial Services (Seedco Financial Services, Inc.) New York NY CDLF 2,500,000 33,651,000 15,922,000                  

(17,729,000) 

Primary Care Development Corporation New York NY CDLF 4,000,000 33,280,000 13,581,000                  

(19,699,000) 

Economic and Community Development Institute, Inc. Columbus OH CDLF 203,000 2,728,000 15,770,000 13,042,000 

Citizen Potawatomi Community Development Corporation Shawnee OK CDLF 490,000 6,505,000 23,258,000 16,753,000 

The Progress Fund Greensburg PA CDLF 1,052,000 12,109,000 22,616,000 10,507,000 

Community First Fund Lancaster PA CDLF 862,000 11,002,000 22,351,000 11,349,000 

The Reinvestment Fund, Inc. Philadelphia PA CDLF 11,708,000 113,268,000 233,167,000 119,899,000 

Northside Community Development Fund Pittsburgh PA CDLF 250,000 2,190,000 2,887,000 697,000 Bridgeway Capital, Inc. Pittsburgh PA CDLF 1,820,000 18,674,000 44,324,000 25,650,000 

Charleston Citywide Local Development Corporation Charleston SC CDLF 1,000,000 1,799,000 3,386,000 1,587,000 

South Carolina Community Loan Fund (Lowcountry Housing TrusNorth Charleston SC CDLF 392,000 96,000 6,817,000 6,721,000 

Rural Electric Economic Development, Inc. Madison SD CDLF 1,230,000 11,116,000 14,927,000 3,811,000 

South Eastern Development Foundation Sioux Falls SD CDLF 240,000 2,486,000 7,456,000 4,970,000 

Northeast South Dakota Economic Corporation Sisseton SD CDLF 1,000,000 11,758,000 13,161,000 1,403,000 

CEN‐TEX Certified Development Corporation Austin TX CDLF 489,000 3,435,000 5,519,000 2,084,000 

PeopleFund Austin TX CDLF 500,000 9,900,000 15,655,000 5,755,000 

ECDC Enterprise Development Group Arlington VA CDLF 320,000 1,402,000 4,029,000 2,627,000 

Capital Impact Partners (NCB Capital Impact) Arlington VA CDLF 8,218,000 95,578,000 192,803,000 97,225,000 

Vermont Community Loan Fund, Inc. Montpelier VT CDLF 1,247,000 12,787,000 14,953,000 2,166,000 

Craft3 (ShoreBank Enterprise Group, Pacific) Ilwaco WA CDLF 1,867,000 24,108,000 89,165,000 65,057,000 Impact Seven, Incorporated Almena WI CDLF 4,000,000 13,344,000 22,483,000 9,139,000 

Forward Community Investments, Inc. Madison WI CDLF 470,000 3,964,000 10,637,000 6,673,000 

Wisconsin Women's Business Initiative Corporation Milwaukee WI CDLF 391,000 4,562,000 20,146,000 15,584,000