Final Impact Report

 October 2016
 

DEPARTMENT OF THE TREASURY

WASHINGTON, D.C. 20220

October 13, 2016

We are pleased to present the Small Business Lending Fund (SBLF) program’s Final Impact Report. 

Since the first SBLF investments were made in 2011, totaling just over $4 billion, 332 SBLF 

participants have increased lending to small businesses by $18.7 billion. Leveraging SBLF 

capital, program participants have helped small businesses across America recover from the 

financial crisis of 2008.

This report covers the creation, implementation, and policy outcomes of the SBLF program. 

The report also provides case studies that highlight how community banks and community 

development loan funds that received capital investments through the SBLF program were able 

to deploy capital in the communities they serve and affect real change and economic benefit. 

We hope that this report and the other materials available at www.treasury.gov/SBLF will foster 

greater understanding of this successful investment program and assist future policymakers in 

crafting and implementing effective policy solutions focused on supporting the success of small 

businesses in the United States. 

Best regards, 

Jessica Milano

Deputy Assistant Secretary 

Small Business, Community Development and Housing Policy

U.S. Department of the Treasury
Final Impact Report

Table of Contents

INTRODUCTION 1

Key Policy Goals 1

Key Policy Achievements .

BACKGROUND 3

PROGRAM OVERVIEW 4

PROGRAM RAMP-UP 8

Staffing 8

Outreach to Potential Participants 8

Concept of Operations 8

Governance 9

Application Review 9

ON-GOING PROGRAM MANAGEMENT AND 

PORTFOLIO MONITORING ACTIVITIES 12

Investment Management 12

Compliance, Risk and Controls 12

COMMUNICATIONS AND PUBLIC REPORTING .

PROGRAM STATUS .

PARTICIPANT LENDING PERFORMANCE 16

Qualified Small Business Lending Reported by 

SBLF Participants .

PROGRAM IMPACT MEASUREMENT 17

Peer Comparison .

Propensity Score Matching Analysis  .

PROGRAM COSTS AND ESTIMATED PROGRAM SAVINGS 21

CONCLUSIONS AND LOOKING FORWARD 22

APPENDIX A: SBLF PARTICIPANT LOCATIONS .

APPENDIX B: SBLF LENDING GROWTH BY STATE 24

APPENDIX C: LENDING GROWTH OF CURRENT 

AND FORMER SBLF PARTICIPANTS OVER THE COURSE 

OF THEIR PARTICIPATION IN THE SBLF PROGRAM .

Small businesses are a vital part 

of the American economy. In the wake 

of the Financial Crisis, small businesses 

faced challenges obtaining access to 

credit from financial institution lenders. 

Established by the Small Business Jobs 

Act of 2010 to increase small business 

lending, the Small Business Lending 

Fund provided $4.0 billion in capital to 

332 community banks and community 

development loan funds.

As of June 30, 2016, participants in 

the program had increased their small 

business lending by $18.7 billion over 

baseline. 
SBLF – Final Impact Report. 1

Introduction

Key Policy Goals

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 Small Business Lending Fund

(SBLF) is a dedicated fund designed to provide capital to qualified community banks and community 

development loan funds (CDLFs) in order to facilitate lending to small businesses. The purpose of the SBLF

is to encourage these Main Street banks, CDLFs, and small businesses in their communities to work together 

to create jobs and promote economic growth across the nation

Treasury invested over $4.0 billion in 332 institutions through the SBLF program.These amount

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

these institutions operate in over 3,000 locations across 47 states and the District of Columbia. Through

June 30, 2016, the SBLF has supported $18.7 billion in increased lending to small businesse

SBLF has supported an $18.7 billion increase in Qualified Small Business Lending at community 

banks and community development loan funds around the country.

States marked in gray did not receive SBLF investment capital.
2 SBLF – Final Impact Report.

Key Policy Achievements

As evidenced below, the SBLF program has made significant progress in achieving the policy goals 

established by Congress through the Small Business Jobs Act

• As of June 30, 2016, the total cumulative net impact on qualified small business lending 

reported by SBLF participants is $18.7 billion over baseline.1 Every region of the country has 

benefited, with participants in the South and Midwest reporting the largest increases in the dollar 

volume of small business loans, followed by the Mid-Atlantic, West and the Northeast

• Increases in small business lending are widespread among SBLF participants. Ninety-one 

percent of SBLF participants increased their small business lending over the course of their participation 

in the program, and 85 percent of participants increased their small business lending by 10 percent or 

more

• The SBLF program has supported thousands of new and renewed loans to small businesses 

across the country. Using average loan size data reported by SBLF participants in the Results of the 

Third Annual SBLF Lending Survey2, the $18.7 billion increase over baseline represents an estimated

77,100 in qualified small business loans made by SBLF participants. Small businesses in a wide array of

industries have benefited from the increased lending

• Nearly 80 percent of small business loans made by SBLF participants were made in amounts 

of $250,000 or less.3 Nearly half of all loans (49 percent) carried a term of more than two years. A

majority of loans (60 percent) used adjustable rate pricing, with an average interest rate of 3.8 percent

at the time of origination

• The SBLF program is expected to generate a positive return to the taxpayer. As of October 1, 

2016, SBLF is projecting lifetime program savings of $51 million

1 As established in the Small Business Jobs Act, the baseline for measuring the change in small business lending is the average of 

the lending amounts that were reported by SBLF participants for each of the four calendar quarters ended June 30, 2010

2 Published in August 2015 https://www.treasury.gov/resource-center/sb-programs/Pages/SBLF_transactions.a

3 Ibid

$10.3 

$13.8 

$17.6 $18.7 

$0.0 

$5.0 

$10.0 

$15.0 

$20.0 

Q2 2013 Q2 2014 Q2 2015 Q2 2016 

Current and Historical Change in Small Business Lending 

over Baseline Level ($ in Billions) 
SBLF – Final Impact Report. 3

Background

Small businesses 4 are the foundation of the U.S. economy and are estimated to employ half of the privat

sector workforce and to create two out of three net new jobs in the United States. Unlike large and 

medium sized businesses, small businesses typically do not have access to capital markets to attract retail or 

institutional investors. As a result, small businesses tend to rely heavily on personal savings, business profits,

and friends and family as initial sources of capital. Financial institutions are the primary source of external

credit to small businesses.

The financial crisis and subsequent recession imposed a unique set of challenges for small businesses

Deteriorating economic conditions and weak consumer demand for small business products and services 

impacted small business performance and reduced demand for small business credit. Lingering asset

quality challenges at financial institution lenders limited the financial institutions’ capacity to extend small 

business credit and thus decreased the overall supply of credit and capital availability for small business 

borrowers. Small businesses seeking capital in the recessionary environment were frequently met with

tightened lending standards, higher interest rate spreads and increased collateral requirements. Further,

falling real estate prices simultaneously drove down the value of residential and commercial real estate, a 

significant source of collateral for small business borrowers

On September 27, 2010, in response to these market conditions, President Obama signed into law the 

Small Business Jobs Act (Act), creating the SBLF. The SBLF was designed using an incentive mechanism to

encourage certain financial institutions to lend to small businesses. 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 banks leverage their capital,

the SBLF was structured to increase lending to small businesses by amounts that are multiples of the total 

capital provided to SBLF banks. To ensure that participants were able to take advantage of the program’s

incentive mechanism, the program targeted healthy institutions that were well-positioned to leverage and 

lend SBLF capital in a manner consistent with the program’s objectives

In total, Treasury invested more than $4.0 billion in 332 community banks and CDLFs through the SBLF

program. These amounts include investments of $3.9 billion in 281 community banks and $104 million in 5

CDLFs. Collectively these institutions operate in more than 3,000 locations across 47 states and the District

of Columbia

4 Traditionally, a small business is defined as an enterprise with fewer than 500 employees. Financial institutions tend to define

small businesses as a client which produces less than anywhere from $10 million to $50 million in revenues per annum

5 Karen Gordon Mills and Brayden McCarthy. “ The State of Small Business Lending: Credit Access During the Recovery and How

Technology May Change the Game.” Working Paper 15-004  Harvard Business School. June 22, 2
4 SBLF – Final Impact Report.

Program Overview

Community Banks

The SBLF program encouraged community banks to increase their lending to small businesses through a 

powerful incentive structure -- the more a bank increased its qualified small business lending, the lower the 

dividend or interest rate it paid to the SBLF on its capital investment. This fundamental design, and other

program requirements outlined below, was a result of specific provisions contained in the Small Business 

Jobs Act

Amount of Funding Available

A bank that had total assets of $1 billion or less could apply to receive a capital investment from the SBLF 

for up to 5 percent of its risk-weighted assets. A bank that had assets of more than $1 billion but less than

$10 billion could apply to receive a capital investment from the SBLF for up to 3 percent of its risk-weighted 

assets.

Dividend Rate

The initial dividend 6 rate was, at most, 5 percent. If a bank’s small business lending increased by 10 percent

or more, then the rate fell to as low as 1 percent. Banks that increased their lending by amounts less than 10

percent could benefit from rates set between 2 and 4 percent, with a maximum of 5 percent. Bank dividend

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

lending did not increase in the first two years, the rate increased to 7 percent. At the end of 4.5 years, th

rate increased to 9 percent if the bank had not redeemed the SBLF investment

7

Eligibility Requirements

A bank was eligible to participate in the SBLF program if it had assets equal to or less than $10 billion as of 

December 31, 2009, was not on the Federal Deposit Insurance Corporation’s problem bank list (or similar list) 

and was able to pay dividends on SBLF securities

In accordance with the Act, the SBLF program provided an option for community banks to refinance securities 

issued to Treasury through the Capital Purchase Program (CPP) 8 or the Community Development Capital 

Initiative (CDCI) 9 under certain conditions. Simultaneous participation in CPP or CDCI and the SBLF was not

permitted. Approved institutions refinancing under the SBLF program received capital investments from

SBLF net of the amount required to repay the capital investment received through CPP or CDCI. The CPP

or CDCI banks that refinanced into the SBLF program were required to fulfill the SBLF’s intended objective 

of increasing lending to small businesses. The banks who refinanced but did not successfully increase their

6 Participating C corporations issued preferred stock to Treasury and pay quarterly dividends to Treasury. Participating S

corporations and mutual institutions issued debt instruments to Treasury and pay quarterly interest to Treasury. The initial

interest rate paid by S corporations and mutual institutions was, at most, 7.7 percent  If these institutions increased their smal

business lending by 10 percent or more, then the rate fell to as low as 1.5 percent  These interest rates equated to after-ta

effective rates (assuming a 35 percent tax rate) equivalent to the dividend rate paid by C corporation participants

7 The step up rate for S corporations and mutual institutions is 13.8 percen

8 The Capital Purchase Program (CPP) was launched in 2008 to stabilize the financial system by providing capital to viable 

financial institutions of all sizes throughout the nation. Under this voluntary program, Treasury provided $205 billion in capital

to 707 financial institutions in 48 states, including more than 450 small and community banks and 22 certified community 

development financial institutions (CDFIs)

9 Treasury created the Community Development Capital Initiative (CDCI) on February 3, 2010 to help viable certified CDFIs 

and the communities they serve cope with effects of the financial crisis. Under this program, eighty-four institutions received

investments totaling approximately $570 million
SBLF – Final Impact Report. 5

qualified small business lending relative to their baseline amount were assessed a 2 percent fee each year 

beginning on the fifth anniversary of its CPP investment, to ensure consistency with the rate the bank would 

have otherwise paid had it remained in the CPP program. In addition to meeting the traditional program

eligibility requirements outlined above, if an institution was a former participant in the CPP or CDCI, it could 

not have missed more than one dividend payment under such program (where a missed payment is defined 

as a payment not submitted or submitted more than 60 days after the due date)

SBLF Success Story: MidSouth Bancorp Inc.: “Taking Care of Business” Small Business 

Loan Campaign

Expanding Access to Credit for Small Businesses in Southern Louisiana

On April 24, 2013, MidSouth Bancorp Inc. launched the “Taking Care of Business” Small Business Loan

Campaign (“TCB”). The goal of TCB was to make available an additional $10 million in new money to

small businesses or approximately 250 in new small business loans. The promotion, which supported

unsecured loans to qualified small business borrowers within the institution’s trade area, experienced 

strong demand by small business borrowers. Over a one month period, the TCB campaign averaged

approximately 38 new small business loans per day with an average loan size of approximately $42,000. By

May 24th, 2013, or the last day of the campaign, the program had yielded 1,291 new loans for a total of $54 

million in new lending

Given the design of the SBLF program, MidSouth Bancorp’s TCB program had a significant impact on its 

SBLF dividend rate. As of March 31, 2013, prior to the launch of TCB, Midsouth Bancorp reported $13

million in qualified small business loan growth to SBLF, representing a 3.2 percent increase over baselin

This increase in qualified small business lending over baseline levels entitled MidSouth Bancorp to a 

4.6 percent dividend rate associated with its SBLF investment  By June 30, 2013, MidSouth Bancor

had achieved a total increase in qualified small business lending over baseline of roughly $87 million, 

reflecting a 22.1 percent increase in lending resulting in a 1 percent dividend rat

COMMUNITY DEVELOPMENT LOAN FUNDS

The SBLF also spurred small business lending by providing low-cost capital to participating CDLFs that have 

long-term experience serving urban, rural, and reservation-based communities, areas where conventional 

financial institutions do not typically have a strong presence. These nonprofit 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

Amount of Funding Available

A CDLF could apply for an SBLF capital investment in an amount not less than 1 percent and not more than 

5 percent of its total assets as reported in its audited financial statements for the fiscal year ended in calendar 

year 2009. For CDLFs, the SBLF program provided capital by purchasing equity equivalent (EQ2) securities

from each participating institution
6 SBLF – Final Impact Report.

Community Development Loan Funds

Community development loan funds (CDLFs) are private financial intermediaries that generally operate 

as a nonprofit. CDLFs are typically certified as community development financial institutions (CDFIs

For underserved communities, CDFIs serve as important providers of loans, investments, borrower 

development tools, and other financial services

CDFI certification is the U.S. Department of the Treasury’s recognition of specialized financial institution

serving economically distressed communities and low-income people across the country. CDFI

certification allows banks, credit unions, and loan funds to apply for technical assistance and financial 

assistance awards, as well as training provided by the CDFI Fund. To be eligible for CDFI certification, an

organization must:

• Have a primary mission of promoting community development

• Provide development services in conjunction with its financing activities

• Serve one or more defined target markets

• Maintain accountability to a defined target market

• Be a legal, non-governmental entity at the time of application (with the exception of Tribal 

governmental entities)

CDLFs do not have federal regulatory oversight. Instead CDLFs adhere to certain state regulations and

requirements applicable to their type of loan or product

Interest Rate

The interest rate on Treasury’s capital investment is 2 percent per annum for the first 8 years. After the eighth

year, the rate will increase to 9 percent if the CDLF has not redeemed the capital investment

Eligibility Requirements

A CDLF was eligible to participate in the SBLF if it had assets equal to or less than $10 billion, was certified by 

the Community Development Financial Institutions Fund (CDFI Fund) as a CDFI, had three years of operating 

experience, was exempt from taxation, and satisfied the following financial criteria:

• positive net income for the past three years;

• cash and cash equivalents equal to or greater than operating expenses for each of the four most recent 

quarters;

• year-end cash and cash equivalents equal to or greater than 25 percent of annual operating expenses 

for one or both of the two most recent fiscal years;

• net assets plus EQ2 as a percentage of total assets of at least 20 percent;

• loan loss reserves as a percentage of loans that are 90 days or more delinquent of at least 30 percent;

• loans 90 days or more delinquent as a percentage of unrestricted net assets plus loan loss reserves of 

less than 40 percent; and

• at least 10 percent of total current loans must be qualified CDLF small business lending
SBLF – Final Impact Report. 7

PROGRAM DESIGN CONSIDERATIONS

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

Other aspects of the program design, including the 10 percent growth target for attaining the lowest possible 

dividend or interest rate and the ability of participants to redeem the capital investment at any time, were 

intended to encourage prudent lending decisions and to limit excessive risk taking. The step-up rate at the

four and a half year mark for bank participants and the eight year mark for CDLF participants was meant to 

encourage thoughtful capital planning and facilitate the repayment of taxpayer funds after a reasonable 

time period

SBLF Success Story: Community First Fund and Keon Enterprises

Providing transportation services to the disabled in low-income communities in Harrisburg, PA.

Elijah Omara Riechi is a Kenyan immigrant who came to 

the United States to pursue a college education. After

completing his degree, Omara worked at a local nonprofit as a job counselor for people with disabilities. He

saw a need in his low income community for reliable 

transportation services for those with disabilities, 

many of whom are also low-income, and started Keon 

Enterprises with financing assistance from Community 

First Fund; a CDLF that received capital through the 

SBLF program.

Keon Enterprises provides a necessary service to a lowincome community, and now has 20 employees, many of whom were previously long-term unemployed

Omara said his greatest satisfaction is that Keon Enterprises has made it possible for over 20 individuals 

with intellectual disabilities to obtain competitive employment in their community by providing them 

with reliable transportation to and from work, and has empowered approximately 130 others to attend 

social events and trainings in their community

Originally, Omara had to rely on credit cards and personal savings to fund the purchase of vehicles and 

this limited his options to purchasing used vehicles that were less reliable. Omara said that the funding

from Community First Fund “played a large role in the growth of the business.” The longer term financing

options available through the loan from Community First Fund has enabled him to purchase more 

reliable, newer vehicles to drive growth of his business. This in turn has generated higher consumer

demand and allowed him to bring on new staff. As a result, Keon Enterprises is looking to expand

further into new counties as well as invest in a maintenance center for the purpose of servicing the fleet

Omara expects to take out additional lines of credit or other financing to fund these investments in the 

coming quarters
8 SBLF – Final Impact Report.

Program Ramp-Up

The investment authority for making capital investments in eligible institutions, including commitments 

to purchase preferred stock or other instruments, terminated one year after the enactment of the Act, or 

September 27, 2011. Key to the time-constrained ramp up was rapid staffing of the program and leveraging

of existing resources as much as possible, thorough and transparent communication with the public and 

potential program participants, development of a concept of operations, and moving quickly to bring 

together other critical partners

Staffing 

Immediately after the President signed the Act, the SBLF program office began the ramp-up starting with 

staffing the organization and hiring consultants and financial agents. A small team of staff including the

SBLF Director, Chief Operating Officer, and Administrative Officer in charge of hiring began to pull in federal 

employees from other areas of Treasury with expertise in operations, cash management, internal controls, 

compliance, and financial agent management. Simultaneously, financial agents were enlisted to assist with

cash management, asset custody, credit evaluation, and outreach to potential participants. External legal

counsel were selected to close investments as well as draft hundreds of pages of program documentation 

including the securities purchase agreement (SPA), term sheets, and other documentation. Finally, a

consulting firm was brought in to provide organizational design, internal controls and operations building 

advice and expertise

Once the program staffing and hiring was in full gear and external agents were brought on board, the 

program office identified areas in Treasury that would be an integral part of the application and investment 

phase including budget, credit reform modeling, finance and accounting, internal legal counsel, human 

resources, and IT

Outreach to Potential Participants

Treasury engaged directly with community banks and CDLFs prior to and during the application phase to 

build nationwide awareness about the SBLF program and to encourage program participation.

Treasury met with numerous state banking associations, commissioners, and community banks to hear 

bankers’ concerns and needs. Treasury hosted or participated in more than 50 industry events, teleconferences,

and webinars, including sessions organized by the Independent Community Bankers of America, National 

Bankers Association, Opportunity Finance Network, National Development Council, and the Interagency 

Minority Depository Institutions Conference. In addition, Treasury initiated more than 4,600 calls to potentially

qualified institutions, including substantially all loan funds certified as Community Development Financial 

Institutions (CDFIs) by Treasury’s CDFI Fund. Treasury also established a dedicated website and call center

that received more than 75,000 visits and 1,800 calls respectively

Concept of Operations

When most program staff and all consultants, agents and internal shared resources were identified, the 

group met to develop and agree on a concept of operations, an action plan for program implementation 

that aligned with the requirements laid out in the Act.

Several key principles were identified in developing the program’s operating model:

• Be Repeatable and Rapidly Deployable. The operating model was designed to be used not only for

the SBLF, but also for any future Treasury needs. The model is rapidly deployable (operations can

be implemented in a relatively short timeframe) and repeatable (easy to establish for other Treasury 

program needs)
SBLF – Final Impact Report. 9

• Leverage Shared Services. This model made use of various functions within Treasury’s Departmental

Offices and the Office of General Counsel. This shared services structure makes the most of Treasury’s

capabilities across the financial, operational, and legal functions

• Leverage Processes from Similar Treasury Programs. The SBLF was able to leverage processes developed

for other bank investment programs and rework them to fit with the SBLF program without developing 

them from the ground up

Governance

To discuss policy questions raised by the SBLF that were not specifically addressed by either the Act or 

existing Treasury policy, a leadership Steering Committee, composed of the Under Secretary for Domestic 

Finance (Under Secretary) and several Assistant Secretaries, was formed. The Steering Committee, which

met regularly, was helpful in obtaining timely and cohesive decisions in addressing these policy questions

Policies regarding specific terms of twhe investments, certification requirements, compliance provisions, 

calculation of small business lending, and board observer rights were ultimately adopted with final approval 

from the Under Secretary.

Pursuant to a delegation from the Under Secretary, the Deputy Assistant Secretary for Small Business, 

Community Development, and Housing Policy approved SBLF’s capital investments and other investment 

management policies

Application Review

Applications to the SBLF were evaluated through a multi-stage review process. Application review included

a determination of whether applicants met minimum statutory and program requirements, as well as 

whether they were well-positioned to take advantage of the program’s incentive structure and extend 

credit to businesses in their communities. Consistent with the Act’s goal and mandate, SBLF’s investment

underwriting and selection process also emphasized the institution’s demonstrated lending capacity and 

intent to increase small business lending in its community.

• Eligibility Review: Treasury used publicly-available information to determine whether the applicant met 

the program eligibility requirements, confirming that the institution 1) was in existence and has less 

than $10 billion in total assets on December 31, 2009, and 2) if the institution was a current or former 

participant in the CPP or CDCI, it has not missed more than one dividend payment under such program 

(where a missed payment is defined as a payment not submitted or submitted more than 60 days after 

the due date)

In accordance with the Act, Treasury also consulted with the applicable Federal Banking regulators to 

determine whether the applicant was either on the “problem bank list” defined as the list of institutions 

that have a current composite examination rating of 4 or 5 under the Uniform Financial Institutions 

Rating System, or if it has been on this list within the last 90 days. In the case of institutions that were bank

or thrift holding companies, Treasury verified that these applicants did not have any insured depository 

institutions subsidiaries that were on the problem bank list, or that has been on this list within the last 

90 days

• Ability to Pay Dividends: The Act prescribes a specific dividend rate incentive structure for SBLF capital 

investments to encourage institutions to increase their small business lending. Institutions were thus

required to be able to pay dividends on the investments as a condition of participation in the program

Treasury published a summary of terms for the SBLF program that stated that participating institutions 
10 SBLF – Final Impact Report.

were required to pay quarterly dividends10 on SBLF capital investments. Treasury provided further

information to applicants regarding this requirement by asking them to complete an Inquiry Regarding 

Dividend Payments form confirming that the institution was able to pay dividends on the SBLF 

investment. Institutions subject to restrictions on dividend payments were given additional time to

seek the removal of the restrictions or waiver of the restrictions. Because these restrictions are imposed

by an institution’s regulators or by applicable banking statutes or regulations, institutions subject to such 

restrictions had to work directly with the appropriate regulators to obtain permission to pay dividends 

on the SBLF capital investment

• Review by Application Review Committee: Upon verifying program eligibility requirements, applications 

meeting certain criteria11 were additionally filtered through an Application Review Committee composed 

of senior bank supervisors from the FDIC, Federal Reserve Board and the Office of the Comptroller of 

the Currency that were detailed (i.e., assigned) to Treasur.  The purpose of the Application Revi

Committee was to ensure that the eligibility process was conducted consistently and effectively, and to 

provide recommendations to Treasury on certain SBLF applications as an additional control point and 

quality assurance mechanism

• Review by Investment Committee: The SBLF Investment Committee considered each application that 

fulfilled the minimum statutory and program requirements and, if applicable, received a positive review 

from the Application Review Committee. The Investment Committee was comprised of five-members

including the SBLF Director (Chairman), the Assistant Secretary for Financial Institutions, the Assistant 

Secretary for Financial Markets, the Assistant Secretary for Economic Policy, and the Assistant Secretary 

for Management or their delegates. Recommendations were made by a majority vote of the present

members

• Final Approval: Applications that were recommended for capital investment by the SBLF Investment 

Committee were presented for final approval by the Deputy Assistant Secretary for Small Business, 

Community Development, and Housing Policy

From its outset, the SBLF program strived to treat all applications consistently by designing and executing 

a standard application process supported by a robust set of controls, implementing ongoing monitoring 

activities, and performing periodic reviews of the application decision process. Of the applicants that met all

minimum statutory and program requirements, Treasury approved all institutions that were fit for taxpayer 

investment and well-positioned to extend credit to small businesses in their communities

10 The majority of SBLF participants was C-corporation banks and issued noncumulative preferred stock to SBLF which required 

quarterly dividends. Because of their organizational structures, unlike the majority of SBLF participants, C-corporation banks,

Subchapter S banks and mutual savings institutions could not issue preferred stock and instead issued subordinated debt, 

which required quarterly interest payments. Similarly, SBLF CDLF participants issued EQ2 securities to Treasury which require

quarterly interest payments

11 In general, applications were reviewed by the Application Review Committee if they met one or more of the following criteria: 

had a composite CAMELS/RFI rating of “3”; had a composite CAMELS/RFI rating of “1” or “2” but which had one or more adverse 

performance ratios; had a composite CAMELS/RFI rating of “2” for which the most recent onsite examination was more than 

12 months old or for which subsequent quarterly offsite exams indicated deterioration; were identified by the appropriate 

federal banking agency for consideration with matching private investment; where analysis showed a probability of loss above 

budgeted levels; where inconsistent supervisory input from the relevant state and federal banking agencies was received; and 

were recommended for review by Treasury staff
SBLF – Final Impact Report. 11

Preliminary approvals were issued to 400 eligible institutions for approximately $4.8 billion in SBLF capital

investments. Of these, SBLF closed investments with 332 institutions for just over $4 billion. All investment

were closed and completed by September 27, 2011, the statutory deadline

Additional detail on the application process can be found at https://www.treasury.gov/resource-center/sbprograms/Pages/Small-Business-Lending-Fund.a
12 SBLF – Final Impact Report.

On-Going Program Management and Portfolio Monitoring Activities

To oversee the portfolio, SBLF operates with a team comprised of Operations, Compliance, Communications, 

Research and External Affairs, Internal Controls and Investment Management staff. Over the life of the SBLF

program, these teams have contributed to a variety of asset management and program management 

responsibilities including, but not limited to, investment management oversight of SBLF participants, 

collection and testing of participant lending submissions, dividend and interest collection, program 

reporting activities, and internal controls and compliance monitoring

Investment Management

The SBLF Investment Team employs a risk-based monitoring approach to evaluate and oversee the health 

of its participants. SBLF continuously monitors each of its investments using publicly available financial

information, news and press releases from SBLF institutions. SBLF participants are evaluated for any changes

in condition (as seen in changes in publicly available financial data and news items) such as management 

changes, stock price movements of publicly traded companies, regulatory supervisory agreements, industry 

and market events, mergers and capital raises.

To date, only two of the 332 participants have missed dividend or interest payments. In the event of missed

payments, Treasury reserves the right to appoint a board observer or a board member as appropriate, in 

accordance with the terms defined in the SPA

Compliance, Risk and Controls

The SBLF Risk & Control Team developed and implemented a robust internal controls framework. At the

beginning of the program and during the entire investment phase, all controls were monitored in real 

time, as required. Sample testing was also used after the investment phase  Today, annual assessment

are performed on the design and operating effectiveness of internal controls through testing of more than 

14 processes. The Risk & Control Team performs annual risk assessments to identify strategic, financial,

operational, and reputational risk and risk mitigants based on program objectives. External risk and controls

pertaining to financial agents are evaluated by reviewing the agreed upon procedures of Treasury’s financial 

agents. All oversight requests for the Inspector General and the General Accountability Office are handled

by the Risk & Control Group

The SBLF Compliance Team designed and implemented procedures to monitor participant compliance 

with the SPA that each participant entered into with Treasury. The Compliance Team monitors the receipt

of dividend or interest payments, reviews the Quarterly Supplemental Reports (QSRs) for timely filing, and 

conducts reviews of financial reporting and bank call reports to ensure the accuracy of reported lending in 

the QSRs and thereby the accuracy of quarterly dividend or interest payments. The Compliance Team also

monitors timely and complete submission of annual audited financial statements and annual executive 

certifications, and other ongoing filings required by the SPA. Compliance also monitors amendments to the

charter, bylaws, or other organizational documents of program participants
SBLF – Final Impact Report. 13

SBLF Success Stories: First Guaranty and Crying Eagle Brewery 

Building a New Brewery and Significant Employer in Lake Charles, Louisiana.

Eric Avery founded Crying Eagle Brewery in 2016 in Calcasieu Parish, LA. The new business is an effort to

combine his two passions: craft brewing and serving his community. Beyond simply providing a great

product enjoyed by customers, he says that his focus is “improving quality of life for local residents.”

First Guaranty, a community bank that received capital 

through the SBLF program, provided the microbrewery 

with both a construction loan and a loan for additional 

equipment acquisition. As the First Guaranty CEO Alton

Lewis noted, there was “nothing like Crying Eagle in the 

area. It brought high paying jobs and provided a big

benefit to the community.” Avery said that “First Guaranty

understood the passion and research and was willing to 

go beyond the numbers. First Guaranty banked the

people rather than just the business. They looked at me,

the story, the passion, and the research. They made it

easy, and it was as seamless as you can get. Since we’ve

been together, the bank has been supportive, 

cooperative, and loyal

First Guaranty praised the SBLF program as a “great 

source of capital” and said that it was “able to deploy 

additional funds for business lending.” Because of the

SBLF incentive structure, the bank “broadened the base 

of the portfolio and lending efforts” and “focused on 

new areas,” according to the bank’s CEO. He went on to

note that SBLF enhanced the bank’s ability “to compete 

with some larger local banks, serve more customers, 

lower costs to the borrowers, and generally compete 

for more small business customers.” Saving businesses

money had a “ripple effect through the community 

by enabling businesses to pay employees more and 

increase employment through expansion with lower 

cost funding as a result of SBLF.” In addition to financing existing businesses and facility expansion, it

“also led to funding start-ups” such as the micro-brewery. SBLF helped “to justify more loans and led to

local growth.” SBLF was a “great program and enabled us to grow.
14 SBLF – Final Impact Report.

Communications and Public Reporting

The SBLF is committed to program transparency through a series of published reports, some of which are 

required by the Act, related to the lending activities of SBLF participants, dividend and interest payments 

and repayment, and program costs. All SBLF reports may be found at www.treasury.gov/SBLF/repo

The quarterly Report on SBLF Participants’ Small Business Lending Growth (collectively, the Lending Growth 

Reports) provides information on changes in small business lending by SBLF participants for each quarter 

since the initial investments. The report shows overall lending increases over baseline levels and, until

recently, a comparison of SBLF lending increases to peer groups. The comparison was discontinued at the

rate step up in Q1 2016.

The monthly Transaction Report shows all transactions that occurred in any given month including, 

repayments, dividend and interest collections, and CPP Lending Incentive Fee payments for all banks and 

CDLFs in the portfolio

The semi-annual Cost Report shows the program’s actual and expected costs and liabilities, all operating 

expenses, including compensation for financial agents, and all transactions made with the respect to the 

SBLF program. The report also reflects the estimated lifetime returns on the program’s investments and the

outlays and obligations of the program as of mid-year and year-end.

The Lending Survey provides additional information from participants on their small business lending, use 

of SBLF capital, loan demand, credit standards, obstacles to small business lending, and outreach to small 

businesses in their communities. The Lending Survey was published three times over the program’s lifecycle

and was discontinued in 2015

The Report on SBLF Program Impact Evaluation, published twice over the program’s life cycle, provides 

an additional look at the impact of the program using a statistical methodology called propensity score 

analysis. This report, conducted for the third quarter of 2013 and again for the third quarter of 2015, provides

clear evidence of SBLF’s significant impact on the small business lending balances of SBLF banks versus a 

statistically balanced peer group. An explanation of the propensity score analysis and summary of results

can be found on page 19

The Report with Respect to Women-, Veteran-, and Minority-Owned Businesses, published in November 

2011, studied the potential impact of the SBLF on women-, veteran-, and minority-owned businesses

All of the above reports are located on the SBLF website, which can be found here: https://www.treasur

gov/resource-center/sb-programs/Pages/SBLF_transactions.asp
SBLF – Final Impact Report. 15

Program Status

In Q1 2016, the dividend rate associated with SBLF capital investments in banks stepped up to the maximum 9 

percent rate (13.8 percent for S Corporations and mutuals), prompting an increase in redemptions by SBLF bank

participants. As of October 1, 2016, only 26 banks remain in the program. Because CDLFs will not experience 

step-up in their associated interest rate until Q3 2019, the majority will continue to participate in SBLF

Banks CDLFs Total

# $ # $ # $

Original Participants 281 $3,923,425,000 51 $104,272,000 332 $4,027,704,000 

minus: Redemptions* 255 $3,612,463,000 5 $5,905,000 260 $3,618,368,000 

Remaining Participants 26 $310,962,000 46 $98,367,000 72 $409,336,000 

*Dollar amount reflects full and partial redemptions. Count represents only full redemptions. Figures may sum to different totals 

due to rounding

For more information on the investments that remain part of the SBLF program please refer to Reports section of 

the SBLF website at https://www.treasury.gov/resource-center/sb-programs/Pages/SBLF_transactions.a

SBLF Success Story: Island Bancorp and Solar Invictus

Providing increased access to solar power and clean energy for local homes and businesses on 

Martha’s Vineyard, Massachusetts. 

Initially funded through renewable energy grants through 

the Department of the Treasury’s 1603 program, Bill Bennett 

subsequently grew his business, Solar Invictus, through 

additional funding from a local community bank, Edgartown 

National Bank, a subsidiary of Island Bancorp, a recipient of an 

SBLF capital investment

According to bank management, the SBLF funds enabled 

the bank to increase its legal lending limit to borrowers 

and helped to facilitate loans to small businesses like Solar 

Invictus. SBLF participation was a “huge advantage for the

bank to serve more customers, increased demand for our 

loan products, and increased banking relationships,” said bank president Fielding Moore. “Businesses

can now expand rather than selling out to businesses off the island. The program was very valuable to

serve credit needs of the community.”

Electrician, solar energy developer, and entrepreneur Bill Bennett, the CEO of Solar Invictus, initially 

worked with the bank to understand the solar business and stated that “bank was helpful in financing 

building sustainable energy capacity and was willing to work together.

Solar Invictus is currently thriving having generated over $1 million in revenue since its formation

The energy platforms it has made available currently generate 1.3 megawatts of clean energy with an

additional 2 megawatts of solar power awaiting approval
16 SBLF – Final Impact Report.

Participant Lending Performance

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

availability of SBLF funds. However, to date, roughly 91 percent of all SBLF participants (both current and

historical) have reported increases in their qualified small business lending balances over the life of their 

participation in the SBLF program. Eighty-five percent of participants reported increasing their qualified

small business lending balances by 10 percent or more

Qualified Small Business Lending Reported by SBLF Participants

The chart below displays the gains in small business lending throughout the duration of the SBLF program

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

as of each respective quarter and the baseline amount

As of June 30, 2016, the total cumulative net increase in qualified small business lending over baseline12

reported by current and former SBLF participants was $18.7 billio

13 Active participants reported an 

aggregate $3.8 billion in qualified small business lending growth over a $4.8 billion baseline in the mos

recent period. Substantial increases in qualified small business lending have been reported consistently

since reporting began in the third quarter of 2011.

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

(Reported as of June 30, 2016)

12 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

13 Increases by participants who have exited the program are kept constant going forward from the final quarter of participation.

$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 

$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 $3.5 $14.98 

$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 

-$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 

Q1 

2016 

Q2 

2016 

Cumulative Net Lending Balances Reported by All Redeemed Institutions 

through Reported Quarter 

Cumulative Net Lending Balances Reported by All Current Participants 

through Reported Quarter 
SBLF – Final Impact Report. 17

Program Impact Measurement

To evaluate the program’s impact, the SBLF first assessed the qualified small business lending growth at SBLF 

banks using an analysis that compared changes in business lending and other lending by SBLF banks to (i) 

a representative “peer group” of community banks that were selected to match the specific size, geography, 

and financial condition of SBLF banks and (ii) a broader “comparison group” of all similarly-sized community 

banks that are headquartered in the same states as SBLF banks and engaged in business lending. In an effort

to reduce possible selection bias in the first two peer groups identified, the SBLF also employed a statistical 

analysis called propensity score matching to evaluate changes in lending by SBLF banks against that of a 

“propensity score matched” peer group. The results confirm that SBLF has had a meaningful impact on

qualified small business lending balances of participating institutions

 A brief summary of the two methods used to assess the impact of the SBLF program is outlined below

Peer Comparison

The Lending Growth Reports provide information on changes in business lending and other lending14 by SBLF 

banks15 compared to (i) a representative peer group of community banks and (ii) a broader comparison group.

The banks participating in the SBLF program consistently increased business lending by substantially greater 

amounts across median measures of size, geography, loan type, and financial condition versus the peer and 

comparison groups.

Due to the accelerated rate of redemptions that began in late 2015 through early 2016 in advance of the 

step-up in dividend payments for SBLF banks and the resulting substantial decrease in participating banks, 

this information was published for the last time in January 2016. In the final quarter this analysis was

conducted, the community banks participating in the SBLF program increased business loans outstanding 

by a median of 91.6 percent over baseline levels versus a 26.0 percent median increase for the representativ

peer group and a 23.9 percent median increase for the broader comparison grou

Additional detailed analysis can be found in the Lending Growth Reports published on the SBLF website: 

https://www.treasury.gov/resource-center/sb-programs/Pages/SBLF_transactions.a

Propensity Score Matching Analysis 

Treasury also employed a statistical methodology called Propensity Score Matching (PSM) analysis to assess 

program impact. Propensity score methods account for observable characteristics that may be predictive of

a bank’s likelihood of participating in SBLF, extending beyond the conventional measure of market analysis 

used in the peer group analysis.  In general, propensity score methods use balancing factors (“propensi

14 In contrast to small business lending, “business lending” refers to the same four categories of loans referenced in the definition 

of small business lending without exclusions for loans to businesses that are more than $10 million and loans to businesses with 

more than $50 million in revenue, and without the additional adjustments used in SBLF’s calculation of small business lending.

Because the banks in the non-SBLF bank groups are not program participants and do not report small business lending as 

defined by the program terms, this analysis uses business lending as proxy for small business lending activities. Most business

lending reported by SBLF banks qualifies as small business lending. For example, as of June 30, 2015, small business lending

totaled 95.0 percent of business lending by dollar value for the median SBLF bank  Changes in business and other lending ar

calculated as the difference between the level of loans outstanding as of June 30, 2015 and the baseline amount. The baseline

is calculated as the average of the business loans outstanding that the institution reported for each of the four calendar quarters 

ended June 30, 2010. Changes in other lending are calculated based on the institution’s total loans and leases, including loans

held for sale, less the amount of business loans outstanding

15 Analysis does not include CDLFs
18 SBLF – Final Impact Report.

scores”) to offset an unequal distribution of observable characteristics between comparison groups.  In th

way, they help mitigate selection bias by controlling indirectly for a bank’s motivation to participate in the 

SBLF program

The SBLF program performed a propensity score matching analysis twice over the life of the SBLF program 

to evaluate the impact of SBLF’s capital investment while banks were incentivized to increase lending (Q3 

2013) and after the incentive expired (Q3 2015)

To estimate the net effect of SBLF participation using this methodology, Treasury compared the median 

increases in lending growth at SBLF banks to the median increases in lending growth at the control group 

over baseline and since the date of investment (final closing date).  By convention, the output of thes

methodologies reflects differentials between groups and is not directly comparable with the results of 

the peer and comparison group analyses presented in the Lending Growth Reports. However, consistent

with the previously reported findings from the peer and comparison group analysis in the Lending Growth 

Reports, the results of this additional analysis suggest that the SBLF program is supporting substantially 

increased business lending among program participants

The propensity score matching analysis was first performed for the quarter ending September 30, 2013, or 

the final quarter of the “Lending Incentive Period.” As of September 30, 2013, the analysis showed that SBLF

banks had increased business loans outstanding by a median 52.1 percent over baseline levels, versus a

29.0 percent median increase for the propensity score–matched control group, for an estimated net effect

associated with SBLF participation of 23.1 percent.  The results of this analysis were first published in 

July 2014 Lending Growth report and were later republished in January 2015 as a stand-alone report titled 

Report on SBLF Program Impact Evaluation

The analysis was performed again for the quarter ending September 30, 2015

16 As of September 30, 2015, 

the analysis showed that SBLF banks had increased business loans outstanding by a median 91.6 percent

over baseline levels, versus a 56.4 percent median increase for the propensity score-matched control group,

for an estimated net effect associated with SBLF participation of 35.2 percen

The results of the second PSM analysis can be seen below: 

Results of Propensity Score Matching Analysis

Median Lending of 

SBLF Participants

Median Lending 

of Control Group

Estimated Net Effect of 

SBLF Participation

Number of institutions 184 184

Median Change in Lending Over Baseline

 Business lending 91.6% 56.4% 35.

 Other lending 74.3% 51.8% 22.

Median Change in Lending Since 

Investment

 Business lending 59.0% 34.1% 24.

 Other lending 55.9% 39.6% 16.

16 September 30, 2015 was selected to ensure a reasonable sample size of participants remaining in the program prior to the 

step-up in bank dividend and interest rates in Q1 2016
SBLF – Final Impact Report. 19

Additional detail on the propensity score matching methodology and outcome is available on the SBLF 

website: https://www.treasury.gov/resource-center/sb-programs/Pages/SBLF_transactions.a

Lending Surveys

The SBLF program also conducted three surveys of program participants. The surveys provided information

from participants on their small business lending, use of SBLF capital investments, loan demand, credit 

standards, obstacles to small business lending, and outreach to small businesses in their communities. The

information gained through these surveys is reflected in the Annual Lending Survey reports posted on the 

same website

17

Impact Conclusions 

Each method used to assess the impact of the SBLF program has concluded that the capital investment 

made through the SBLF program has successfully and materially contributed to the expansion of credit to 

small businesses in the US. Furthermore, these findings are consistent with qualitative feedback Treasury

received through the Annual Lending Surveys.

As demonstrated in both quantitative analysis and qualitative feedback from program participants, the SBLF 

program supported substantial increases in small business lending among institutions that participated 

and benefited the small businesses in the communities in which they serve. This additional access to credit

was deeply needed during a period of economic stress to promote job creation and economic growth in 

communities across the nation

Additional information highlighting the policy impact of the SBLF program as well as the methodologies 

used to assess impact is published quarterly in the Report on SBLF Participants’ Small Business Lending 

Growth (Lending Growth Report), available on the SBLF website at: https://www.treasury.gov/resourcecenter/sb-programs/Pages/SBLF_transactions.a

17 Due to the large volume of redemptions in late 2015/early 2016, the SBLF Lending Survey Report was discontinued in 2016
20 SBLF – Final Impact Report.

SBLF Success Stories: Green Point Manufacturing Design and 

Enterprise Community Loan Fund

Revitalizing the Urban Manufacturing Sector in New York City

Green Point Manufacturing Design (GMDC) is a 20 year-old nonprofit organization. According to its CEO,

Brian Coleman, the organization is “trying to make a statement that manufacturing is alive and well.”

Responding to the decline in urban manufacturing and high paying jobs in New York City, GMDC leases 

space to small artisanal manufacturing businesses. The businesses create good jobs with an average

salary of $52,000, and 35 percent of those jobs go to employees for whom English is a second language

GMDC’s Atlantic Avenue project, a two-floor 50,000 square foot solar-powered building that was 

previously used as warehousing space, is on the borders of the Bedford Stuyvesant and Prospect Heights 

neighborhoods of Brooklyn, long distressed minority communities that have recently undergone 

dramatic gentrification

Enterprise Community Loan 

Fund (ECLF), an SBLF community 

development loan fund participant, 

supported the Atlantic Avenue 

project in December 2014 by 

providing a 7-year leveraged loan in 

connection with a new markets tax 

credit, or NMTC, allocation. GMDC’s

CEO said “such deals are hard to put 

together, and ECLF had the option 

of a large number of deals in lowincome markets. It was fortunate

that the timing on this project 

worked out.” Furthermore, GMDC had a “long standing relationship with ECLF as a lender and wanted to

do something (with them) for a while.”

The SBLF investment enabled ECLF to broaden its impact and diversify its lending portfolio to support 

the local economy and connect workers with jobs opportunities close to home. Historically, the ECLF

has focused on solely investing in affordable housing; since the SBLF investment, ECLF has balanced 

its lending strategy to now include community facilities, education spaces, health care centers, and 

commercial development. ECLF stated that before its participation with SBLF, “long-term, commercial

capital for non-profit developers had not been available.”

With the SBLF investment, ECLF started to think more broadly and expand range of products. ECLF

founded its FQHC Growth Fund to finance health care operations, working capital lines of credit, 

renovation, and owner occupied expansion construction. The SBLF “enabled ECLF to expand its nonhousing lending into new product development and leveraged SBLF funded projects to new areas.

The SBLF support “provided impetus for credit expansion and marketing new projects. A result was

scaling up to solve for funding needs and led to different/hybrid products.”
SBLF – Final Impact Report. 21

Program Costs and Estimated Program Savings

Capital investments made through the SBLF program are presently expected to generate a lifetime 

program savings to the taxpayer of $51 million. This savings is based on a Federal Credit Reform Act (FCRA)

methodology that factors in estimated default rates, cost of borrowing to Treasury, and the present value of 

program cash flows, including the initial investments, dividends and interest receipts, and redemptions. An

important driver of the program savings estimate is the financial health of the portfolio in aggregate which 

contributes to a low estimated default rate

Further, SBLF has been an effective steward of taxpayer dollars through efficient program administration and 

spending less than budgeted in every year of operation, in some years significantly less.

SBLF Program Budget (In Thousands)

(Reported as of December 31, 2015)

$54,649 

$25,590 $24,707 $20,469 $17,361 

$42,539 

$22,831 $19,777 $12,142 $10,814 

$0 

$20,000 

$40,000 

$60,000 

FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 

Estimated Actuals 
22 SBLF – Final Impact Report.

Conclusions and Looking Forward

By any measure, the SBLF program has been effective at meeting the policy goal of providing access to capital 

to hundreds of small banking and other lending institutions across the country to spur lending to thousands 

of small businesses. To date, SBLF capital investments have supported an $18.7 billion increase in qualifie

small business lending for its participants. The SBLF was also effective in disbursing capital in a compressed

time period; meeting its fiduciary duty to the taxpayer in selecting healthy institutions motivated and able 

to increase small business lending to participate; and managing program administration costs

Out of the original 332 participating institutions, as of October 1, 2016, the SBLF has 26 community banks and 

46 CDLFs still participating in the program. The step up rates for CDLFs will occur in 2019 and immediately

prior to that time the program expects redemptions from CDLFs

Looking ahead, SBLF will continue to monitor the banks and CDLFs that still participate in the program. SBLF

will also continue collecting dividends, interest and repayments, reporting on quarterly changes in lending 

and other reporting, and maintaining its internal controls and compliance programs
SBLF – Final Impact Report. 23

Appendix A: SBLF Participant Locations

Sources: U.S. Treasury – September 28, 2011 SBLF Transactions Report, FDIC – June 2010 Survey of Deposits

Community Bank Headquarters Community Bank Branch Community Development Loan Fund
24 SBLF – Final Impact Report.

Appendix B: SBLF Lending Growth By State

Locations of 

Participating 

Institutions 

#

 Total Lending Increase as 

of Q2 2016 (Millions)** 

Total Lending 

Increase as 

of Q2 2016 

(Percentage)**

Locations of 

Participating 

Institutions #

 Total Lending 

Increase as of Q2 2016 

(Millions)** 

Total Lending 

Increase as 

of Q2 2016 

(Percentage)**

United States Total* 3053 $18,734,005,000.0 39.38%

Midwest Region 971 $3,793,834,000.00 27.63% Northeast Region 481 $2,966,055,000.00 60.77%

Illinois 251 $980,736,000.00 28.73% Connecticut 19 $289,384,000.00 89.88%

Indiana 214 $(87,869,000.00) -4.06% Maine 20 $60,341,000.00 38.56%

Iowa 78 $317,706,000.00 14.01% Massachusetts 56 $347,114,000.00 67.86%

Kansas 60 $231,762,000.00 38.38% New Hampshire 71 $273,758,000.00 40.93%

Michigan 27 $565,583,000.00 123.27% New Jersey 81 $430,171,000.00 36.98%

Minnesota 46 $248,369,000.00 45.18% New York 68 $442,919,000.00 74.90%

Missouri 148 $311,127,000.00 18.61% Pennsylvania 155 $1,119,954,000.00 76.98%

Nebraska 39 $227,929,000.00 50.43% Rhode Island 0

North Dakota 27 $420,944,000.00 92.64% Vermont 11 $2,414,000.00 18.88%

Ohio 16 $71,402,000.00 66.88%

South Dakota 10 $48,348,000.00 80.12% West Region 446 $2,923,444,000.00 32.36%

Wisconsin 55 $457,797,000.00 30.01% Alaska 0

Arizona 33 $214,280,000.00 8.66%

South Region 1155 $9,050,672,000.00 45.43% California 186 $1,453,657,000.00 47.02%

Alabama 59 $1,259,131,000.00 102.77% Colorado 42 $288,042,000.00 26.90%

Arkansas 89 $(18,300,000.00) -0.80% Hawaii 0

Delaware 2 $6,280,000.00 19.13% Idaho 36 $48,822,000.00 12.84%

Florida 105 $698,282,000.00 42.51% Montana 11 $15,080,000.00 118.96%

Georgia 15 $382,345,000.00 19.53% Nevada 32 $155,505,000.00 326.20%

Kentucky 24 $41,166,000.00 35.22% New Mexico 18

Louisiana 122 $1,013,264,000.00 63.56% Oregon 2

Maryland 43 $540,348,000.00 49.70% Utah 9 $245,927,000.00 45.14%

Mississippi 21 $14,484,000.00 1.79% Washington 73 $480,559,000.00 35.78%

North Carolina 141 $592,572,000.00 49.96% Wyoming 4 $21,572,000.00 31.86%

Oklahoma 47 $609,906,000.00 96.16%

South Carolina 25 $142,691,000.00 50.91%

Tennessee 100 $1,032,698,000.00 105.48%

Texas 272 $1,924,879,000.00 42.69%

Virginia 73 $647,347,000.00 45.25%

District of Columbia 11 $8,447,000.00 30.08%

West Virginia 6 $155,132,000.00 138.67%

* Total number of participating locations reflect data for all participating institutions as of September 28, 2011

** Total lending increase as of Q2 2016 reflects aggregated increases in lending for current and redeemed participants over the life of their participation in the program
SBLF – Final Impact Report. 25

Appendix C: Lending growth of current and former SBLF participants over 

the course of their participation in the SBLF program

Institutions Participating in SBLF

Report on Information up to 6/30/2016 Quarterly Supplemental Reports

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

Southern National 

Corporation Andalusia AL Bank $6,000,000.00 $0.00 $155,095,000.00 $182,146,000.00 $27,051,000.00 17% No

Southern States 

Bancshares, Inc. Anniston AL Bank $7,492,000.00 $0.00 $79,579,000.00 $148,143,000.00 $68,564,000.00 86% No

ServisFirst Bancshares, Inc. Birmingham AL Bank $40,000,000.00 $0.00 $709,662,000.00 $1,747,675,000.00 $1,038,013,000.00 146% No

BancIndependent, 

Incorporated Sheffield AL Bank $30,000,000.00 $0.00 $241,790,000.00 $347,818,000.00 $106,028,000.00 44% No

First Partners Bank 

(SouthCity Bank) Vestavia Hills AL Bank $5,200,000.00 $0.00 $39,071,000.00 $58,546,000.00 $19,475,000.00 50% No

First Service Bancshares, 

Inc. Greenbrier AR Bank $7,716,000.00 $0.00 $73,164,000.00 $76,846,000.00 $3,682,000.00 5% No

Liberty Bancshares, Inc. Jonesboro AR Bank $52,500,000.00 $0.00 $619,989,000.00 $608,259,000.00 ($11,730,000.00) -2% No

Rock Bancshares, Inc. Little Rock AR Bank $6,742,000.00 $6,742,000.00 $56,208,000.00 $100,996,000.00 $44,788,000.00 80% Yes

Simmons First National 

Corporation (Community 

First Bancshares, Inc.)

Little Rock AR Bank $30,852,000.00 $0.00 $1,546,842,000.00 $1,491,802,000.00 ($55,040,000.00) -4% No

Western Alliance 

Bancorporation Phoenix AZ Bank $141,000,000.00 $0.00 $2,474,640,000.00 $2,688,920,000.00 $214,280,000.00 9% No

First Northern Community 

Bancorp Dixon CA Bank $22,847,000.00 $0.00 $225,762,000.00 $295,841,000.00 $70,079,000.00 31% No

Community Valley Bank El Centro CA Bank $2,400,000.00 $0.00 $13,645,000.00 $50,177,000.00 $36,532,000.00 268% No

CU Bancorp (1st Enterprise 

Bank) Encino CA Bank $16,400,000.00 $16,400,000.00 $340,835,000.00 $713,012,000.00 $372,177,000.00 109% Yes

Redwood Capital Bancorp Eureka CA Bank $7,310,000.00 $0.00 $46,088,000.00 $63,169,000.00 $17,081,000.00 37% No

Central Valley Community 

Bancorp Fresno CA Bank $7,000,000.00 $0.00 $296,001,000.00 $284,208,000.00 ($11,793,000.00) -4% No

Banc of California, Inc. (First 

PacTrust Bancorp, Inc.) Irvine CA Bank $42,000,000.00 $0.00 $568,663,000.00 $647,962,000.00 $79,299,000.00 14% No

Silvergate Capital 

Corporation La Jolla CA Bank $12,427,000.00 $0.00 $9,115,000.00 $36,855,000.00 $27,740,000.00 304% No

California Bank of 

Commerce Lafayette CA Bank $11,000,000.00 $0.00 $73,565,000.00 $298,164,000.00 $224,599,000.00 305% No

ProAmérica Bank 

(Promérica Bank) Los Angeles CA Bank $3,750,000.00 $0.00 $43,274,000.00 $60,340,000.00 $17,066,000.00 39% No

GBC Holdings, Inc. Los Angeles CA Bank $5,000,000.00 $0.00 $81,993,000.00 $93,995,000.00 $12,002,000.00 15% No

Partners Bank of California Mission Viejo CA Bank $2,463,000.00 $0.00 $54,729,000.00 $56,557,000.00 $1,828,000.00 3% No

Oak Valley Bancorp Oakdale CA Bank $13,500,000.00 $0.00 $143,616,000.00 $134,367,000.00 ($9,249,000.00) -6% No

Bank of Commerce 

Holdings Redding CA Bank $20,000,000.00 $0.00 $200,059,000.00 $275,197,000.00 $75,138,000.00 38% No

Security California Bancorp Riverside CA Bank $7,200,000.00 $0.00 $164,981,000.00 $273,793,000.00 $108,812,000.00 66% No

Seacoast Commerce 

Banc Holdings (Seacoast 

Commerce Bank)

San Diego CA Bank $4,000,000.00 $0.00 $45,347,000.00 $117,859,000.00 $72,512,000.00 160% No

Security Business Bancorp San Diego CA Bank $8,944,500.00 $0.00 $57,964,000.00 $84,115,000.00 $26,151,000.00 45% No

Capital Bank San Juan 

Capistrano CA Bank $3,132,000.00 $0.00 $16,458,000.00 $107,135,000.00 $90,677,000.00 551% No

Founders Bancorp San Luis 

Obispo CA Bank $4,178,000.00 $0.00 $35,399,000.00 $39,204,000.00 $3,805,000.00 11% No

American Riviera Bank (The 

Bank of Santa Barbara) Santa Barbara CA Bank $1,882,380.00 $0.00 $22,776,000.00 $53,655,000.00 $30,879,000.00 136% No

Summit State Bank Santa Rosa CA Bank $13,750,000.00 $0.00 $82,734,000.00 $123,199,000.00 $40,465,000.00 49% No

FNB Bancorp South San 

Francisco CA Bank $12,600,000.00 $0.00 $149,634,000.00 $141,809,000.00 ($7,825,000.00) -5% No
26 SBLF – Final Impact Report.

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

Pacific Coast Bankers’ 

Bancshares Walnut Creek CA Bank $11,960,000.00 $0.00 $42,624,000.00 $22,506,000.00 ($20,118,000.00) -47% No

First California Financial 

Group, Inc.

Westlake 

Village CA Bank $25,000,000.00 $0.00 $313,952,000.00 $327,594,000.00 $13,642,000.00 4% No

Columbine Capital Corp. Buena Vista CO Bank $6,050,000.00 $0.00 $44,150,000.00 $89,066,000.00 $44,916,000.00 102% No

Stockmens Bank (The State 

Bank of Bartley)

Colorado 

Springs CO Bank $2,380,000.00 $0.00 $29,743,000.00 $48,651,000.00 $18,908,000.00 64% No

CIC Bancshares, Inc. Denver CO Bank $1,772,000.00 $0.00 $87,266,000.00 $149,999,000.00 $62,733,000.00 72% No

Steele Street Bank 

Corporation Denver CO Bank $11,350,000.00 $0.00 $65,842,000.00 $113,205,000.00 $47,363,000.00 72% No

CoBiz Financial Inc. Denver CO Bank $57,366,000.00 $0.00 $744,624,000.00 $839,460,000.00 $94,836,000.00 13% No

Verus Acquisition Group, 

Inc. Fort Collins CO Bank $9,740,000.00 $0.00 $66,000,000.00 $60,586,000.00 ($5,414,000.00) -8% No

Morgan Capital Corporation Fort Morgan CO Bank $3,250,000.00 $0.00 $27,381,000.00 $39,897,000.00 $12,516,000.00 46% No

Salisbury Bancorp, Inc. Lakeville CT Bank $16,000,000.00 $0.00 $208,120,000.00 $267,379,000.00 $59,259,000.00 28% No

Bankwell Financial Group, 

Inc. (BNC Financial Group, 

Inc.)

New Canaan CT Bank $10,980,000.00 $0.00 $78,178,000.00 $276,833,000.00 $198,655,000.00 254% No

SBT Bancorp, Inc. Simsbury CT Bank $9,000,000.00 $0.00 $34,899,000.00 $63,383,000.00 $28,484,000.00 82% No

Community Bank Delaware Lewes DE Bank $4,500,000.00 $0.00 $32,823,000.00 $39,103,000.00 $6,280,000.00 19% No

Platinum Bank Holding Co. 

(Platinum Bank) Brandon FL Bank $13,800,000.00 $0.00 $166,747,000.00 $222,071,000.00 $55,324,000.00 33% No

Marquis Bank Coral Gables FL Bank $3,500,000.00 $0.00 $11,273,000.00 $77,018,000.00 $65,745,000.00 583% No

Florida Traditions Bank Dade City FL Bank $8,800,000.00 $0.00 $61,282,000.00 $127,537,000.00 $66,255,000.00 108% No

First Green Bancorp, Inc. 

(First Green Bank) Eustis FL Bank $4,727,000.00 $0.00 $30,339,000.00 $100,667,000.00 $70,328,000.00 232% No

Broward Financial 

Holdings, Inc.

Fort 

Lauderdale FL Bank $3,134,000.00 $0.00 $14,233,000.00 $47,743,000.00 $33,510,000.00 235% No

FineMark Holdings, Inc. Fort Myers FL Bank $5,665,000.00 $0.00 $25,709,000.00 $98,715,000.00 $73,006,000.00 284% No

Stonegate Bank (Florida 

Shores Bancorp, Inc.) Ft. Lauderdale FL Bank $12,750,000.00 $0.00 $479,663,000.00 $568,353,000.00 $88,690,000.00 18% No

First Federal Bancorp, Inc. Lake City FL Bank $20,000,000.00 $0.00 $65,513,000.00 $152,654,000.00 $87,141,000.00 133% No

Bank of Central Florida Lakeland FL Bank $7,000,000.00 $0.00 $65,574,000.00 $119,078,000.00 $53,504,000.00 82% No

CBOS Bankshares, Inc. Merritt Island FL Bank $3,893,000.00 $0.00 $46,283,000.00 $26,228,000.00 ($20,055,000.00) -43% No

Ovation Holdings, Inc. Naples FL Bank $5,000,000.00 $0.00 $30,742,000.00 $53,338,000.00 $22,596,000.00 74% No

Florida Community 

Bankshares, Inc. Ocala FL Bank $17,000,000.00 $0.00 $158,498,000.00 $134,771,000.00 ($23,727,000.00) -15% No

Jefferson Bankshares, Inc. 

(Jefferson Bank of Florida) Oldsmar FL Bank $3,367,000.00 $0.00 $18,926,000.00 $57,643,000.00 $38,717,000.00 205% No

Sunshine Bancorp, Inc. 

(Community Southern 

Bank)

Plant City FL Bank $5,700,000.00 $0.00 $71,091,000.00 $113,993,000.00 $42,902,000.00 60% No

Gulfstream Bancshares, Inc. Stuart FL Bank $7,500,000.00 $0.00 $283,018,000.00 $241,543,000.00 ($41,475,000.00) -15% No

HomeBancorp, Inc. Tampa FL Bank $7,398,000.00 $7,398,000.00 $12,298,000.00 $34,726,000.00 $22,428,000.00 182% Yes

Florida Business 

BancGroup, Inc. Tampa FL Bank $15,360,000.00 $0.00 $101,505,000.00 $164,898,000.00 $63,393,000.00 62% No

Resurgens Bancorp Atlanta GA Bank $2,967,000.00 $0.00 $18,065,000.00 $33,899,000.00 $15,834,000.00 88% No

United Community 

Banks, Inc. (Moneytree 

Corporation)

Blairsville GA Bank $9,992,000.00 $0.00 $1,890,093,000.00 $2,228,211,000.00 $338,118,000.00 18% No

The Peoples Bank of 

Talbotton Talbotton GA Bank $890,000.00 $890,000.00 $5,943,000.00 $10,642,000.00 $4,699,000.00 79% Yes

Lowndes Bancshares, Inc. Valdosta GA Bank $6,000,000.00 $0.00 $41,214,000.00 $53,032,000.00 $11,818,000.00 29% No

Two Rivers Financial 

Group, Inc. Burlington IA Bank $23,240,000.00 $0.00 $205,708,000.00 $197,715,000.00 ($7,993,000.00) -4% No

Heartland Financial 

USA, Inc. Dubuque IA Bank $81,698,000.00 $0.00 $1,739,783,000.00 $1,981,525,000.00 $241,742,000.00 14% No

Liberty Financial Services, 

Inc. Sioux City IA Bank $7,000,000.00 $0.00 $67,844,000.00 $123,734,000.00 $55,890,000.00 82% No

Commercial Financial Corp Storm Lake IA Bank $18,000,000.00 $0.00 $254,609,000.00 $282,676,000.00 $28,067,000.00 11% No
SBLF – Final Impact Report. 27

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

D.L. EVANS BANCORP Burley ID Bank $29,891,000.00 $0.00 $380,372,000.00 $429,194,000.00 $48,822,000.00 13% No

Heartland Bancorp, Inc. Bloomington IL Bank $25,000,000.00 $0.00 $589,038,000.00 $537,665,000.00 ($51,373,000.00) -9% No

Southern Illinois Bancorp, 

Inc. Carmi IL Bank $9,000,000.00 $0.00 $93,472,000.00 $145,362,000.00 $51,890,000.00 56% No

First Busey Corporation Champaign IL Bank $72,664,000.00 $0.00 $572,525,000.00 $729,393,000.00 $156,868,000.00 27% No

United Community 

Bancorp, Inc. Chatham IL Bank $22,262,000.00 $0.00 $330,565,000.00 $431,423,000.00 $100,858,000.00 31% No

Signature Bancorporation, 

Inc. Chicago IL Bank $12,500,000.00 $0.00 $123,830,000.00 $199,434,000.00 $75,604,000.00 61% No

Illinois State Bancorp, Inc. Chicago IL Bank $13,368,000.00 $6,684,000.00 $60,188,000.00 $82,800,000.00 $22,612,000.00 38% Yes

Prime Banc Corp. Dieterich IL Bank $10,000,000.00 $0.00 $98,284,000.00 $191,439,000.00 $93,155,000.00 95% No

First Eldorado Bancshares, 

Inc. Eldorado IL Bank $3,000,000.00 $0.00 $41,312,000.00 $121,958,000.00 $80,646,000.00 195% No

First Community Financial 

Corporation Elgin IL Bank $6,100,000.00 $0.00 $32,801,000.00 $33,120,000.00 $319,000.00 1% No

Community First Bancorp, 

Inc.

Fairview 

Heights IL Bank $7,000,000.00 $0.00 $52,195,000.00 $84,876,000.00 $32,681,000.00 63% No

Fisher Bancorp, Inc. Fisher IL Bank $1,000,000.00 $0.00 $15,062,000.00 $26,182,000.00 $11,120,000.00 74% No

Merchants and 

Manufacturers Bank 

Corporation

Joliet IL Bank $6,800,000.00 $0.00 $57,311,000.00 $83,406,000.00 $26,095,000.00 46% No

Tri-County Financial 

Group, Inc. Mendota IL Bank $20,000,000.00 $10,000,000.00 $165,135,000.00 $289,870,000.00 $124,735,000.00 76% Yes

QCR Holdings, Inc. Moline IL Bank $40,090,000.00 $0.00 $568,364,000.00 $490,007,000.00 ($78,357,000.00) -14% No

Bancorp Financial, Inc. Oak Brook IL Bank $14,643,000.00 $0.00 $14,912,000.00 $47,486,000.00 $32,574,000.00 218% No

People First Bancshares, 

Inc. Pana IL Bank $9,198,000.00 $0.00 $129,986,000.00 $197,997,000.00 $68,011,000.00 52% No

First Bankers Trustshares, 

Inc. Quincy IL Bank $10,000,000.00 $0.00 $154,833,000.00 $201,956,000.00 $47,123,000.00 30% No

First Robinson Financial 

Corporation Robinson IL Bank $4,900,000.00 $0.00 $35,592,000.00 $59,885,000.00 $24,293,000.00 68% No

Community Illinois 

Corporation Rock Falls IL Bank $4,500,000.00 $0.00 $78,909,000.00 $103,060,000.00 $24,151,000.00 31% No

Town and Country Financial 

Corporation Springfield IL Bank $5,000,000.00 $0.00 $91,149,000.00 $146,115,000.00 $54,966,000.00 60% No

First Savings Financial 

Group, Inc. Clarksville IN Bank $17,120,000.00 $0.00 $58,334,000.00 $91,480,000.00 $33,146,000.00 57% No

Horizon Bancorp Michigan City IN Bank $12,500,000.00 $0.00 $287,720,000.00 $387,617,000.00 $99,897,000.00 35% No

MutualFirst Financial, Inc. Muncie IN Bank $28,923,000.00 $0.00 $182,945,000.00 $167,548,000.00 ($15,397,000.00) -8% No

First Merchants Corporation Muncie IN Bank $90,782,940.00 $0.00 $1,355,533,000.00 $1,091,321,000.00 ($264,212,000.00) -19% No

AMB Financial Corp. Munster IN Bank $3,858,000.00 $0.00 $21,296,000.00 $29,500,000.00 $8,204,000.00 39% No

Your Community 

Bankshares Inc. 

(Community Bank Shares 

of Indiana, Inc.)

New Albany IN Bank $28,000,000.00 $0.00 $260,928,000.00 $311,421,000.00 $50,493,000.00 19% No

Bern Bancshares, Inc. Bern KS Bank $1,500,000.00 $0.00 $23,043,000.00 $37,987,000.00 $14,944,000.00 65% No

Farmers State Bankshares, 

Inc. Holton KS Bank $700,000.00 $0.00 $12,762,000.00 $11,440,000.00 ($1,322,000.00) -10% No

Brotherhood Bancshares, 

Inc. Kansas City KS Bank $16,000,000.00 $0.00 $55,235,000.00 $28,271,000.00 ($26,964,000.00) -49% No

First Financial Bancshares, 

Inc. Lawrence KS Bank $3,905,000.00 $0.00 $31,624,000.00 $28,764,000.00 ($2,860,000.00) -9% No

UBT Bancshares, Inc. Marysville KS Bank $16,500,000.00 $0.00 $159,008,000.00 $284,779,000.00 $125,771,000.00 79% No

Osborne Investments, Inc. Osborne KS Bank $1,000,000.00 $0.00 $15,015,000.00 $30,747,000.00 $15,732,000.00 105% No

Freedom Bancshares, Inc. Overland Park KS Bank $4,000,000.00 $0.00 $31,191,000.00 $38,404,000.00 $7,213,000.00 23% No

CB Bancshares Corp. Weir KS Bank $190,000.00 $0.00 $1,222,000.00 $1,086,000.00 ($136,000.00) -11% No

Equity Bancshares, Inc. Wichita KS Bank $16,372,000.00 $0.00 $274,732,000.00 $374,116,000.00 $99,384,000.00 36% No

Magnolia Bancshares Inc. Hodgenville KY Bank $2,000,000.00 $0.00 $30,631,000.00 $57,565,000.00 $26,934,000.00 88% No

FCB Bancorp, Inc. Louisville KY Bank $9,759,000.00 $0.00 $78,649,000.00 $78,795,000.00 $146,000.00 0% No
28 SBLF – Final Impact Report.

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

First Guaranty Bancshares, 

Inc. Hammond LA Bank $39,435,000.00 $0.00 $186,883,000.00 $253,484,000.00 $66,601,000.00 36% No

MidSouth Bancorp, Inc. LaFayette LA Bank $32,000,000.00 $32,000,000.00 $401,918,000.00 $569,294,000.00 $167,376,000.00 42% Yes

Progressive Bancorp, Inc. Monroe LA Bank $12,000,000.00 $0.00 $104,272,000.00 $172,663,000.00 $68,391,000.00 66% No

Ouachita Bancshares Corp. Monroe LA Bank $17,930,000.00 $0.00 $142,925,000.00 $193,527,000.00 $50,602,000.00 35% No

First NBC Bank Holding 

Company New Orleans LA Bank $37,935,000.00 $37,935,000.00 $370,388,000.00 $613,613,000.00 $243,225,000.00 66% Yes

Origin Bancorp 

(Community Trust Financial 

Corporation)

Ruston LA Bank $48,260,000.00 $48,260,000.00 $387,778,000.00 $804,847,000.00 $417,069,000.00 108% Yes

Provident Bancorp, Inc. Amesbury MA Bank $17,145,000.00 $0.00 $84,302,000.00 $187,947,000.00 $103,645,000.00 123% No

Leader Bancorp, Inc. Arlington MA Bank $12,852,000.00 $0.00 $30,398,000.00 $85,166,000.00 $54,768,000.00 180% No

Mercantile Capital 

Corporation Boston MA Bank $7,000,000.00 $0.00 $98,390,000.00 $136,194,000.00 $37,804,000.00 38% No

Island Bancorp, Inc. Edgartown MA Bank $4,000,000.00 $2,000,000.00 $23,581,000.00 $33,899,000.00 $10,318,000.00 44% Yes

New England Bancorp, Inc. Hyannis MA Bank $4,000,000.00 $4,000,000.00 $50,854,000.00 $85,398,000.00 $34,544,000.00 68% Yes

Hyde Park Bancorp, Inc. Hyde Park MA Bank $18,724,000.00 $0.00 $82,330,000.00 $103,358,000.00 $21,028,000.00 26% No

Rockport National Bancorp, 

Inc. Rockport MA Bank $3,000,000.00 $0.00 $37,136,000.00 $45,798,000.00 $8,662,000.00 23% No

Central Bancorp, Inc. Somerville MA Bank $10,000,000.00 $0.00 $41,313,000.00 $28,493,000.00 ($12,820,000.00) -31% No

StonehamBank, A Cooperative Bank Stoneham MA Bank $13,813,000.00 $0.00 $46,880,000.00 $117,763,000.00 $70,883,000.00 151% No

Monument Bank (MD) Bethesda MD Bank $11,355,000.00 $0.00 $37,823,000.00 $77,922,000.00 $40,099,000.00 106% No

Eagle Bancorp, Inc. Bethesda MD Bank $71,900,000.00 $0.00 $588,762,000.00 $899,350,000.00 $310,588,000.00 53% No

Howard Bancorp, Inc. Ellicott City MD Bank $12,562,000.00 $0.00 $207,071,000.00 $294,767,000.00 $87,696,000.00 42% No

The Community Financial 

Corporation (Tri-County 

Financial Corporation)

Waldorf MD Bank $20,000,000.00 $0.00 $244,812,000.00 $327,030,000.00 $82,218,000.00 34% No

Katahdin Bankshares Corp. Houlton ME Bank $11,000,000.00 $0.00 $138,863,000.00 $183,973,000.00 $45,110,000.00 32% No

Birmingham Bloomfield 

Bancshares, Inc. Birmingham MI Bank $4,621,000.00 $0.00 $33,793,000.00 $62,415,000.00 $28,622,000.00 85% No

Level One Bancorp, Inc. Farmington 

Hills MI Bank $11,301,000.00 $0.00 $131,388,000.00 $343,125,000.00 $211,737,000.00 161% No

Huron Valley Bancorp, Inc. 

(Huron Valley State Bank) Milford MI Bank $2,597,000.00 $0.00 $21,470,000.00 $51,514,000.00 $30,044,000.00 140% No

Valley Financial Group, Ltd. Saginaw MI Bank $2,000,000.00 $0.00 $73,968,000.00 $104,528,000.00 $30,560,000.00 41% No

Crestmark Bancorp, Inc. Troy MI Bank $8,250,000.00 $8,250,000.00 $198,199,000.00 $462,819,000.00 $264,620,000.00 134% Yes

MidWest Bancorporation, 

Inc. Eden Prairie MN Bank $5,115,000.00 $0.00 $71,952,000.00 $118,040,000.00 $46,088,000.00 64% No

Financial Services of 

Winger, Inc. Fosston MN Bank $4,069,000.00 $0.00 $60,984,000.00 $106,739,000.00 $45,755,000.00 75% No

Kerkhoven Bancshares, Inc Kerkhoven MN Bank $1,500,000.00 $0.00 $24,950,000.00 $40,479,000.00 $15,529,000.00 62% No

Platinum Bancorp, Inc. Oakdale MN Bank $4,453,000.00 $0.00 $44,920,000.00 $61,821,000.00 $16,901,000.00 38% No

Redwood Financial, Inc. Redwood Falls MN Bank $6,425,000.00 $0.00 $53,010,000.00 $92,551,000.00 $39,541,000.00 75% No

McLeod Bancshares, Inc. Shorewood MN Bank $6,000,000.00 $0.00 $64,344,000.00 $48,443,000.00 ($15,901,000.00) -25% No

Heritage Bancshares 

Group, Inc. Willmar MN Bank $11,000,000.00 $0.00 $149,302,000.00 $220,681,000.00 $71,379,000.00 48% No

Fortune Financial 

Corporation Arnold MO Bank $3,255,000.00 $0.00 $46,918,000.00 $58,328,000.00 $11,410,000.00 24% No

Security State Bancshares, 

Inc. Charleston MO Bank $22,000,000.00 $0.00 $178,876,000.00 $270,759,000.00 $91,883,000.00 51% No

The Landrum Company Columbia MO Bank $20,000,000.00 $0.00 $434,964,000.00 $447,570,000.00 $12,606,000.00 3% No

Triad Bancorp, Inc. Frontenac MO Bank $5,000,000.00 $0.00 $30,753,000.00 $71,096,000.00 $40,343,000.00 131% No

Liberty Bancorp, Inc. Liberty MO Bank $16,169,000.00 $0.00 $114,583,000.00 $134,433,000.00 $19,850,000.00 17% No

Southern Missouri Bancorp, 

Inc. Poplar Bluff MO Bank $20,000,000.00 $0.00 $248,276,000.00 $304,668,000.00 $56,392,000.00 23% No

Liberty Bancshares, Inc. Springfield MO Bank $22,995,000.00 $0.00 $305,465,000.00 $245,017,000.00 ($60,448,000.00) -20% No

Great Southern Bancorp, 

Inc. Springfield MO Bank $57,943,000.00 $0.00 $249,729,000.00 $376,214,000.00 $126,485,000.00 51% No

Cardinal Bancorp II, Inc. Washington MO Bank $6,251,000.00 $0.00 $62,590,000.00 $75,196,000.00 $12,606,000.00 20% No
SBLF – Final Impact Report. 29

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

BankFirst Capital 

Corporation Macon MS Bank $20,000,000.00 $0.00 $176,916,000.00 $191,512,000.00 $14,596,000.00 8% No

Cadence Financial 

Corporation (Encore 

Bancshares, Inc.)

Starkville MS Bank $32,914,000.00 $0.00 $633,113,000.00 $633,001,000.00 ($112,000.00) -0% No

Bancorp of Montana 

Holding Company Missoula MT Bank $1,460,000.00 $0.00 $3,332,000.00 $12,331,000.00 $8,999,000.00 270% No

Premara Financial, Inc. Charlotte NC Bank $6,238,000.00 $0.00 $58,881,000.00 $65,641,000.00 $6,760,000.00 11% No

Park Sterling Corporation 

(Citizens South Banking 

Corporation)

Charlotte NC Bank $20,500,000.00 $0.00 $353,772,000.00 $365,353,000.00 $11,581,000.00 3% No

Select Bancorp, Inc. Dunn NC Bank $7,645,000.00 $0.00 $150,180,000.00 $202,424,000.00 $52,244,000.00 35% No

Union Banc Corp. (Union 

Bank & Trust Company) Oxford NC Bank $6,200,000.00 $0.00 $38,779,000.00 $68,448,000.00 $29,669,000.00 77% No

Providence Bank Rocky Mount NC Bank $4,250,000.00 $0.00 $32,074,000.00 $44,810,000.00 $12,736,000.00 40% No

First Bancorp Troy NC Bank $63,500,000.00 $0.00 $496,528,000.00 $641,365,000.00 $144,837,000.00 29% No

Live Oak Bancshares, Inc. Wilmington NC Bank $6,800,000.00 $0.00 $53,679,000.00 $385,426,000.00 $331,747,000.00 618% No

Western State Agency, Inc. Devils Lake ND Bank $12,000,000.00 $0.00 $154,511,000.00 $375,807,000.00 $221,296,000.00 143% No

Alerus Financial 

Corporation Grand Forks ND Bank $20,000,000.00 $0.00 $299,876,000.00 $499,524,000.00 $199,648,000.00 67% No

Banner County Ban 

Corporation Harrisburg NE Bank $2,427,000.00 $0.00 $50,318,000.00 $80,856,000.00 $30,538,000.00 61% No

First State Holding Co. 

(Wilber Co.) Lincoln NE Bank $12,000,000.00 $0.00 $149,493,000.00 $220,347,000.00 $70,854,000.00 47% No

Adbanc Inc. Ogallala NE Bank $21,905,000.00 $0.00 $250,743,000.00 $371,089,000.00 $120,346,000.00 48% No

Centrix Bank & Trust Bedford NH Bank $24,500,000.00 $0.00 $238,789,000.00 $409,759,000.00 $170,970,000.00 72% No

Northway Financial, Inc. Berlin NH Bank $23,593,000.00 $0.00 $113,897,000.00 $118,633,000.00 $4,736,000.00 4% No

First Colebrook Bancorp, 

Inc. Colebrook NH Bank $8,623,000.00 $3,623,000.00 $63,431,000.00 $86,488,000.00 $23,057,000.00 36% Yes

Lake Sunapee Bank Group 

(New Hampshire Thrift 

Bancshares, Inc.)

Newport NH Bank $23,000,000.00 $0.00 $177,414,000.00 $227,807,000.00 $50,393,000.00 28% No

Guaranty Bancorp, Inc. Woodsville NH Bank $7,000,000.00 $0.00 $75,321,000.00 $99,923,000.00 $24,602,000.00 33% No

ConnectOne Bancorp Inc. 

(Center Bancorp, Inc.)

Englewood 

Cliffs NJ Bank $11,250,000.00 $0.00 $557,777,000.00 $624,198,000.00 $66,421,000.00 12% No

Harmony Bank Jackson NJ Bank $3,500,000.00 $0.00 $15,897,000.00 $68,389,000.00 $52,492,000.00 330% No

Regal Bank Livingston NJ Bank $7,000,000.00 $7,000,000.00 $25,872,000.00 $67,492,000.00 $41,620,000.00 161% Yes

Freedom Bank Maywood NJ Bank $4,000,000.00 $4,000,000.00 $32,445,000.00 $66,612,000.00 $34,167,000.00 105% Yes

Stewardship Financial 

Corporation Midland Park NJ Bank $15,000,000.00 $0.00 $207,925,000.00 $237,946,000.00 $30,021,000.00 14% No

Hopewell Valley 

Community Bank Pennington NJ Bank $11,000,000.00 $0.00 $92,334,000.00 $140,304,000.00 $47,970,000.00 52% No

Two River Bancorp 

(Community Partners 

Bancorp)

Tinton Falls NJ Bank $12,000,000.00 $0.00 $173,978,000.00 $240,496,000.00 $66,518,000.00 38% No

Highlands Bancorp, Inc. Vernon NJ Bank $6,853,000.00 $0.00 $33,899,000.00 $119,668,000.00 $85,769,000.00 253% No

Crest Savings Bancorp, Inc. Wildwood NJ Bank $2,500,000.00 $0.00 $23,276,000.00 $28,469,000.00 $5,193,000.00 22% No

Meadows Bank Las Vegas NV Bank $8,500,000.00 $0.00 $47,672,000.00 $203,177,000.00 $155,505,000.00 326% No

Alma Bank Astoria NY Bank $19,000,000.00 $19,000,000.00 $91,798,000.00 $317,171,000.00 $225,373,000.00 246% Yes

Elmira Savings Bank (The 

Elmira Savings Bank, FSB) Elmira NY Bank $14,063,000.00 $0.00 $94,555,000.00 $90,976,000.00 ($3,579,000.00) -4% No

Kinderhook Bank Corp. Kinderhook NY Bank $7,000,000.00 $0.00 $52,728,000.00 $79,961,000.00 $27,233,000.00 52% No

Pathfinder Bancorp, Inc. Oswego NY Bank $13,000,000.00 $0.00 $70,953,000.00 $155,221,000.00 $84,268,000.00 119% No

Greater Rochester Bancorp, 

Inc. Rochester NY Bank $7,000,000.00 $0.00 $58,822,000.00 $151,982,000.00 $93,160,000.00 158% No

Catskill Hudson Bancorp, 

Inc. Rock Hill NY Bank $9,681,000.00 $9,681,000.00 $116,393,000.00 $159,139,000.00 $42,746,000.00 37% Yes

Seneca-Cayuga Bancorp, 

Inc. Seneca Falls NY Bank $5,000,000.00 $0.00 $30,067,000.00 $35,928,000.00 $5,861,000.00 19% No

Insight Bank Columbus OH Bank $4,250,000.00 $0.00 $16,410,000.00 $39,280,000.00 $22,870,000.00 139% No
30 SBLF – Final Impact Report.

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

Indebancorp Oak Harbor OH Bank $2,000,000.00 $0.00 $38,335,000.00 $38,379,000.00 $44,000.00 0% No

Community Independent 

Bancorp Inc. West Salem OH Bank $2,250,000.00 $0.00 $12,020,000.00 $19,941,000.00 $7,921,000.00 66% No

Columbus First Bancorp, Inc Worthington OH Bank $6,150,000.00 $0.00 $37,266,000.00 $64,624,000.00 $27,358,000.00 73% No

AmeriBank Holding 

Company Collinsville OK Bank $5,347,000.00 $5,347,000.00 $33,172,000.00 $78,739,000.00 $45,567,000.00 137% Yes

Prime Bank Group Edmond OK Bank $4,456,000.00 $0.00 $20,960,000.00 $72,848,000.00 $51,888,000.00 248% No

Central Service Corporation Enid OK Bank $7,000,000.00 $0.00 $148,029,000.00 $270,621,000.00 $122,592,000.00 83% No

Regent Capital Corporation Nowata OK Bank $3,350,000.00 $0.00 $52,719,000.00 $83,799,000.00 $31,080,000.00 59% No

Grand Capital Corporation Tulsa OK Bank $5,200,000.00 $0.00 $82,639,000.00 $84,221,000.00 $1,582,000.00 2% No

F & M Bancorporation, Inc. Tulsa OK Bank $38,222,000.00 $0.00 $290,250,000.00 $641,103,000.00 $350,853,000.00 121% No

Enterprise Financial 

Services Group, Inc. Allison Park PA Bank $5,000,000.00 $5,000,000.00 $87,306,000.00 $109,799,000.00 $22,493,000.00 26% Yes

Team Capital Bank Bethlehem PA Bank $22,412,000.00 $0.00 $127,776,000.00 $189,590,000.00 $61,814,000.00 48% No

CBT Financial Corp. Clearfield PA Bank $10,000,000.00 $0.00 $64,719,000.00 $113,556,000.00 $48,837,000.00 75% No

DNB Financial Corporation Downingtown PA Bank $13,000,000.00 $0.00 $128,733,000.00 $149,911,000.00 $21,178,000.00 16% No

Monument Bank (PA) Doylestown PA Bank $2,970,000.00 $2,970,000.00 $19,715,000.00 $53,074,000.00 $33,359,000.00 169% Yes

Covenant Financial Inc. 

(MileStone Bank) Doylestown PA Bank $5,100,000.00 $0.00 $46,778,000.00 $121,989,000.00 $75,211,000.00 161% No

Emclaire Financial Corp. Emlenton PA Bank $10,000,000.00 $0.00 $56,761,000.00 $68,294,000.00 $11,533,000.00 20% No

First Resource Bank Exton PA Bank $5,083,000.00 $0.00 $32,586,000.00 $63,480,000.00 $30,894,000.00 95% No

Centric Financial 

Corporation Harrisburg PA Bank $7,492,000.00 $0.00 $51,985,000.00 $121,403,000.00 $69,418,000.00 134% No

AmeriServ Financial, Inc. Johnstown PA Bank $21,000,000.00 $0.00 $116,684,000.00 $186,411,000.00 $69,727,000.00 60% No

Jonestown Bank and Trust 

Company Jonestown PA Bank $4,000,000.00 $0.00 $40,820,000.00 $65,243,000.00 $24,423,000.00 60% No

The Victory Bancorp, Inc. Limerick PA Bank $3,431,000.00 $0.00 $30,846,000.00 $74,846,000.00 $44,000,000.00 143% No

Mid Penn Bancorp, Inc. 

(Phoenix Bancorp, Inc.) Millersburg PA Bank $3,500,000.00 $0.00 $47,153,000.00 $243,730,000.00 $196,577,000.00 417% No

Valley Green Bank Philadelphia PA Bank $5,000,000.00 $0.00 $27,493,000.00 $71,858,000.00 $44,365,000.00 161% No

Penn Liberty Financial Corp. Wayne PA Bank $20,000,000.00 $0.00 $137,340,000.00 $201,605,000.00 $64,265,000.00 47% No

Franklin Security Bancorp, 

Inc. Wilkes-Barre PA Bank $6,955,000.00 $0.00 $26,190,000.00 $39,204,000.00 $13,014,000.00 50% No

York Traditions Bank York PA Bank $5,115,000.00 $0.00 $80,687,000.00 $101,428,000.00 $20,741,000.00 26% No

Codorus Valley Bancorp, 

Inc. York PA Bank $25,000,000.00 $0.00 $173,982,000.00 $294,432,000.00 $120,450,000.00 69% No

GrandSouth 

Bancorporation Greenville SC Bank $15,422,000.00 $0.00 $92,718,000.00 $150,086,000.00 $57,368,000.00 62% No

TCB Corporation Greenwood SC Bank $8,640,000.00 $0.00 $56,579,000.00 $75,803,000.00 $19,224,000.00 34% No

Carolina Alliance Bank Spartanburg SC Bank $5,000,000.00 $0.00 $129,064,000.00 $188,004,000.00 $58,940,000.00 46% No

BHCB Holding Company Rapid City SD Bank $2,000,000.00 $0.00 $34,982,000.00 $76,082,000.00 $41,100,000.00 117% No

Merchants and Planters 

Bancshares, Inc. Bolivar TN Bank $2,000,000.00 $0.00 $19,097,000.00 $21,462,000.00 $2,365,000.00 12% No

CapitalMark Bank & Trust Chattanooga TN Bank $18,212,000.00 $0.00 $134,549,000.00 $436,785,000.00 $302,236,000.00 225% No

Planters Financial Group, 

Inc. Clarksville TN Bank $20,000,000.00 $0.00 $135,095,000.00 $189,787,000.00 $54,692,000.00 40% No

Southern Heritage 

Bancshares, Inc. Cleveland TN Bank $5,105,000.00 $0.00 $58,099,000.00 $56,317,000.00 ($1,782,000.00) -3% No

Landmark Community 

Bank Collierville TN Bank $8,000,000.00 $0.00 $30,355,000.00 $71,827,000.00 $41,472,000.00 137% No

Evolve Bancorp, Inc. Cordova TN Bank $4,699,000.00 $3,099,000.00 $19,101,000.00 $147,024,000.00 $127,923,000.00 670% Yes

Sequatchie Valley 

Bancshares, Inc. Dunlap TN Bank $5,000,000.00 $0.00 $43,802,000.00 $19,392,000.00 ($24,410,000.00) -56% No

Franklin Financial Network, 

Inc. Franklin TN Bank $10,000,000.00 $0.00 $86,339,000.00 $237,396,000.00 $151,057,000.00 175% No

Sumner Bank & Trust Gallatin TN Bank $4,264,000.00 $0.00 $27,039,000.00 $31,254,000.00 $4,215,000.00 16% No

Carroll Financial Services, 

Inc. Huntingdon TN Bank $3,000,000.00 $0.00 $61,317,000.00 $91,124,000.00 $29,807,000.00 49% No
SBLF – Final Impact Report. 31

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

SmartFinancial, Inc. Knoxville TN Bank $12,000,000.00 $12,000,000.00 $150,898,000.00 $250,566,000.00 $99,668,000.00 66% Yes

Magna Bank Memphis TN Bank $18,350,000.00 $0.00 $66,375,000.00 $77,559,000.00 $11,184,000.00 17% No

Independent Holdings, Inc. Memphis TN Bank $34,900,000.00 $0.00 $44,702,000.00 $77,751,000.00 $33,049,000.00 74% No

InsCorp, Inc. Nashville TN Bank $3,000,000.00 $0.00 $27,512,000.00 $99,364,000.00 $71,852,000.00 261% No

Avenue Financial Holdings, 

Inc. Nashville TN Bank $18,950,000.00 $0.00 $74,788,000.00 $204,158,000.00 $129,370,000.00 173% No

Algodon de Calidad 

Bancshares, Inc. Abilene TX Bank $600,000.00 $0.00 $6,159,000.00 $9,513,000.00 $3,354,000.00 54% No

Liberty Capital Bancshares, 

Inc. Addison TX Bank $1,500,000.00 $0.00 $16,656,000.00 $40,181,000.00 $23,525,000.00 141% No

Happy Bancshares, Inc. Amarillo TX Bank $31,929,000.00 $0.00 $434,816,000.00 $761,996,000.00 $327,180,000.00 75% No

Frontier Bancshares, Inc. Austin TX Bank $6,184,000.00 $0.00 $65,133,000.00 $237,656,000.00 $172,523,000.00 265% No

Southwestern Bancorp, Inc. Boerne TX Bank $1,500,000.00 $0.00 $22,454,000.00 $32,434,000.00 $9,980,000.00 44% No

BMC Bancshares, Inc. Dallas TX Bank $1,206,000.00 $0.00 $8,021,000.00 $14,018,000.00 $5,997,000.00 75% No

Veritex Holdings, Inc. Dallas TX Bank $8,000,000.00 $0.00 $137,518,000.00 $285,449,000.00 $147,931,000.00 108% No

Sovereign Bancshares, Inc. Dallas TX Bank $24,500,000.00 $24,500,000.00 $183,263,000.00 $272,981,000.00 $89,718,000.00 49% Yes

Hilltop Holdings, Inc. 

(PlainsCapital Corporation) Dallas TX Bank $114,068,000.00 $0.00 $1,283,036,000.00 $1,175,356,000.00 ($107,680,000.00) -8% No

Pioneer Bancshares, Inc. 

(Pioneer Bank, SSB)

Dripping 

Springs TX Bank $3,004,000.00 $0.00 $33,150,000.00 $86,205,000.00 $53,055,000.00 160% No

First Texas BHC, Inc. Fort Worth TX Bank $29,822,000.00 $0.00 $137,852,000.00 $272,022,000.00 $134,170,000.00 97% No

Third Coast Bancshares, Inc. 

(Third Coast Bank SSB) Humble TX Bank $8,673,000.00 $0.00 $58,731,000.00 $225,118,000.00 $166,387,000.00 283% No

Joaquin Bankshares Inc. Huntington TX Bank $3,908,000.00 $1,000,000.00 $40,722,000.00 $48,012,000.00 $7,290,000.00 18% Yes

AIM Bancshares, Inc. Levelland TX Bank $9,100,000.00 $0.00 $109,834,000.00 $318,404,000.00 $208,570,000.00 190% No

Independent Bank Group, 

Inc. (BOH Holdings, Inc.) McKinney TX Bank $23,938,350.00 $0.00 $770,748,000.00 $1,011,336,000.00 $240,588,000.00 31% No

Vista Bancshares, Inc. 

(McLaughlin Bancshares, 

Inc.)

Ralls TX Bank $6,600,000.00 $0.00 $47,152,000.00 $117,912,000.00 $70,760,000.00 150% No

FB BanCorp San Antonio TX Bank $12,000,000.00 $3,000,000.00 $39,335,000.00 $130,304,000.00 $90,969,000.00 231% Yes

The ANB Corporation Terrell TX Bank $37,000,000.00 $0.00 $402,694,000.00 $563,152,000.00 $160,458,000.00 40% No

Steele Holdings, Inc. Tyler TX Bank $8,282,000.00 $0.00 $31,142,000.00 $54,374,000.00 $23,232,000.00 75% No

FVNB Corp. Victoria TX Bank $18,000,000.00 $0.00 $668,934,000.00 $758,574,000.00 $89,640,000.00 13% No

Cache Valley Banking 

Company Logan UT Bank $11,670,000.00 $0.00 $218,868,000.00 $390,556,000.00 $171,688,000.00 78% No

LCA Bank Corporation Park City UT Bank $2,727,000.00 $2,727,000.00 $14,000.00 $2,762,000.00 $2,748,000.00 19629% Yes

Continental Bancorporation Salt Lake City UT Bank $4,724,000.00 $0.00 $92,728,000.00 $23,439,000.00 ($69,289,000.00) -75% No

Medallion Bank Salt Lake City UT Bank $26,303,000.00 $26,303,000.00 $233,231,000.00 $374,011,000.00 $140,780,000.00 60% Yes

Blue Ridge Bankshares, Inc. Luray VA Bank $4,500,000.00 $0.00 $18,920,000.00 $34,887,000.00 $15,967,000.00 84% No

Heritage Bankshares, Inc. Norfolk VA Bank $7,800,000.00 $0.00 $68,967,000.00 $77,667,000.00 $8,700,000.00 13% No

TowneBank Portsmouth VA Bank $76,458,000.00 $0.00 $814,570,000.00 $1,019,655,000.00 $205,085,000.00 25% No

WashingtonFirst 

Bankshares, Inc. Reston VA Bank $17,796,000.00 $0.00 $217,686,000.00 $365,189,000.00 $147,503,000.00 68% No

Xenith Bankshares, Inc. Richmond VA Bank $8,381,000.00 $0.00 $98,587,000.00 $246,127,000.00 $147,540,000.00 150% No

CCB Bancshares, Inc. 

(Citizens Community Bank) South Hill VA Bank $4,000,000.00 $0.00 $38,520,000.00 $57,034,000.00 $18,514,000.00 48% No

United Financial Banking 

Companies, Inc. Vienna VA Bank $3,000,000.00 $0.00 $76,307,000.00 $87,914,000.00 $11,607,000.00 15% No

Puget Sound Bank Bellevue WA Bank $9,886,000.00 $0.00 $118,567,000.00 $199,873,000.00 $81,306,000.00 69% No

Peoples Bancorp Lynden WA Bank $18,000,000.00 $0.00 $282,334,000.00 $287,725,000.00 $5,391,000.00 2% No

U&I Financial Corp Lynnwood WA Bank $5,500,000.00 $0.00 $39,884,000.00 $57,910,000.00 $18,026,000.00 45% No

W.T.B. Financial 

Corporation Spokane WA Bank $89,142,000.00 $0.00 $878,103,000.00 $1,204,237,000.00 $326,134,000.00 37% No

Deerfield Financial 

Corporation Deerfield WI Bank $3,650,000.00 $0.00 $21,564,000.00 $29,509,000.00 $7,945,000.00 37% No

Nicolet Bankshares, Inc. Green Bay WI Bank $24,400,000.00 $12,200,000.00 $627,377,000.00 $685,268,000.00 $57,891,000.00 9% Yes

Sword Financial 

Corporation Horicon WI Bank $17,000,000.00 $0.00 $205,125,000.00 $296,863,000.00 $91,738,000.00 45% No
32 SBLF – Final Impact Report.

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

First American Investment, 

Inc. Hudson WI Bank $1,705,710.00 $0.00 $39,254,000.00 $40,411,000.00 $1,157,000.00 3% No

County Bancorp, Inc. Manitowoc WI Bank $15,000,000.00 $0.00 $379,555,000.00 $588,616,000.00 $209,061,000.00 55% No

Northern Bankshares, Inc. McFarland WI Bank $22,000,000.00 $0.00 $138,447,000.00 $141,559,000.00 $3,112,000.00 2% No

First Menasha Bancshares, 

Inc. Neenah WI Bank $10,000,000.00 $0.00 $65,519,000.00 $122,634,000.00 $57,115,000.00 87% No

PFSB Bancorporation, Inc. Pigeon Falls WI Bank $1,500,000.00 $0.00 $26,844,000.00 $30,011,000.00 $3,167,000.00 12% No

First Bank of Charleston Inc. Charleston WV Bank $3,345,000.00 $0.00 $24,923,000.00 $32,211,000.00 $7,288,000.00 29% No

MVB Financial Corp. Fairmont WV Bank $8,500,000.00 $8,500,000.00 $86,952,000.00 $234,796,000.00 $147,844,000.00 170% Yes

Financial Security 

Corporation Basin WY Bank $5,000,000.00 $0.00 $67,715,000.00 $89,287,000.00 $21,572,000.00 32% No

 Main Street Launch (OBDC 

Small Business Finance) Oakland CA CDLF $219,000.00 $219,000.00 $2,473,000.00 $6,711,000.00 $4,238,000.00 171% Yes

California Coastal Rural 

Development Corporation Salinas CA CDLF $870,000.00 $870,000.00 $9,545,000.00 $9,619,000.00 $74,000.00 1% Yes

Low Income Investment 

Fund San Francisco CA CDLF $7,490,000.00 $7,490,000.00 $26,595,000.00 $124,612,000.00 $98,017,000.00 369% Yes

Opportunity Fund Northern 

California San Jose CA CDLF $2,236,000.00 $2,236,000.00 $5,935,000.00 $54,377,000.00 $48,442,000.00 816% Yes

Valley Economic 

Development Center, Inc. Van Nuys CA CDLF $661,000.00 $661,000.00 $11,450,000.00 $39,248,000.00 $27,798,000.00 243% Yes

Rural Community 

Assistance Corporation

West 

Sacramento CA CDLF $4,300,000.00 $4,300,000.00 $6,104,000.00 $9,693,000.00 $3,589,000.00 59% Yes

Colorado Enterprise 

Fund, Inc. Denver CO CDLF $463,000.00 $463,000.00 $5,721,000.00 $17,905,000.00 $12,184,000.00 213% Yes

Capital for Change, Inc. 

(Greater New Haven 

Community Loan Fund)

New Haven CT CDLF $525,000.00 $525,000.00 $758,000.00 $3,744,000.00 $2,986,000.00 394% Yes

Partners for the Common 

Good, Inc. Washington DC CDLF $1,009,000.00 $1,009,000.00 $4,888,000.00 $4,916,000.00 $28,000.00 1% Yes

BUILDING HOPE...A 

CHARTER SCHOOL 

FACILITIES FUND

Washington DC CDLF $2,091,000.00 $2,091,000.00 $23,190,000.00 $31,609,000.00 $8,419,000.00 36% Yes

Access to Capital for 

Entrepreneurs, Inc. 

(Appalachian Community 

Enterprises, Inc.)

Cleveland GA CDLF $188,000.00 $188,000.00 $2,773,000.00 $14,649,000.00 $11,876,000.00 428% Yes

IFF Chicago IL CDLF $8,294,000.00 $8,294,000.00 $108,261,000.00 $191,026,000.00 $82,765,000.00 76% Yes

Federation of Appalachian 

Housing Enterprises, Inc. Berea KY CDLF $2,063,000.00 $2,063,000.00 $4,137,000.00 $5,029,000.00 $892,000.00 22% Yes

Community Ventures 

Corporation Lexington KY CDLF $1,045,000.00 $1,045,000.00 $3,451,000.00 $16,645,000.00 $13,194,000.00 382% Yes

Community Health Center 

Capital Fund, Inc. (Capital 

Link, Inc.)

Boston MA CDLF $198,000.00 $198,000.00 $1,420,000.00 $5,172,000.00 $3,752,000.00 264% Yes

Common Capital, Inc. (The 

Western Massachusetts 

Enterprise Fund, Inc.)

Holyoke MA CDLF $200,000.00 $0.00 $3,526,000.00 $4,853,000.00 $1,327,000.00 38% No

Boston Community Loan 

Fund, Inc. Roxbury MA CDLF $4,410,000.00 $4,410,000.00 $11,378,000.00 $24,581,000.00 $13,203,000.00 116% Yes

Enterprise Community 

Loan Fund, Inc. Columbia MD CDLF $8,817,000.00 $8,817,000.00 $8,849,000.00 $28,596,000.00 $19,747,000.00 223% Yes

Coastal Enterprises, Inc. Brunswick ME CDLF $2,316,000.00 $2,316,000.00 $17,640,000.00 $32,871,000.00 $15,231,000.00 86% Yes

Midwest Minnesota 

Community Development 

Corporation

Detroit Lakes MN CDLF $4,600,000.00 $0.00 $29,638,000.00 $47,872,000.00 $18,234,000.00 62% No

Nonprofits Assistance Fund Minneapolis MN CDLF $686,000.00 $686,000.00 $6,979,000.00 $16,871,000.00 $9,892,000.00 142% Yes

Community Reinvestment 

Fund, Inc. Minneapolis MN CDLF $5,100,000.00 $5,100,000.00 $43,655,000.00 $44,606,000.00 $951,000.00 2% Yes

Montana Community 

Development Corporation Missoula MT CDLF $585,000.00 $0.00 $9,345,000.00 $15,426,000.00 $6,081,000.00 65% No
SBLF – Final Impact Report. 33

Institution 

Bank 

or 

CDLF?

SBLF Funding Received SBLF Funding 

Outstanding

Qualified Small Business Lending as of 6/30/2016

Current 

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

% 

Change 

over 

Baseline

Mountain BizCapital, Inc. Asheville NC CDLF $197,000.00 $197,000.00 $2,190,000.00 $5,188,000.00 $2,998,000.00 137% Yes

Nebraska Enterprise Fund Oakland NE CDLF $197,000.00 $197,000.00 $1,454,000.00 $7,645,000.00 $6,191,000.00 426% Yes

Community Loan Fund of 

the Capital Region, Inc. Albany NY CDLF $478,000.00 $0.00 $6,760,000.00 $8,627,000.00 $1,867,000.00 28% No

La Fuerza Unida 

Community Development 

Corporation

East Norwich NY CDLF $42,000.00 $0.00 $86,000.00 $465,000.00 $379,000.00 441% No

Leviticus 25:23 Alternative 

Fund, Inc. Elmsford NY CDLF $750,000.00 $750,000.00 $2,218,000.00 $3,561,000.00 $1,343,000.00 61% Yes

TruFund Financial Services 

(Seedco Financial Services, 

Inc.)

New York NY CDLF $2,500,000.00 $2,500,000.00 $33,651,000.00 $14,998,000.00 ($18,653,000.00) -55% Yes

Primary Care Development 

Corporation New York NY CDLF $4,000,000.00 $4,000,000.00 $33,280,000.00 $16,201,000.00 ($17,079,000.00) -51% Yes

Economic and Community 

Development Institute, Inc. Columbus OH CDLF $203,000.00 $203,000.00 $2,728,000.00 $15,937,000.00 $13,209,000.00 484% Yes

Citizen Potawatomi 

Community Development 

Corporation

Shawnee OK CDLF $490,000.00 $490,000.00 $6,505,000.00 $12,849,000.00 $6,344,000.00 98% Yes

The Progress Fund Greensburg PA CDLF $1,052,000.00 $1,052,000.00 $12,109,000.00 $22,582,000.00 $10,473,000.00 86% Yes

Community First Fund Lancaster PA CDLF $862,000.00 $862,000.00 $11,002,000.00 $24,456,000.00 $13,454,000.00 122% Yes

The Reinvestment Fund, 

Inc. Philadelphia PA CDLF $11,708,000.00 $11,708,000.00 $113,268,000.00 $213,275,000.00 $100,007,000.00 88% Yes

Northside Community 

Development Fund Pittsburgh PA CDLF $250,000.00 $250,000.00 $2,190,000.00 $3,628,000.00 $1,438,000.00 66% Yes

Bridgeway Capital, Inc. Pittsburgh PA CDLF $1,820,000.00 $1,820,000.00 $18,674,000.00 $40,957,000.00 $22,283,000.00 119% Yes

Charleston Citywide Local 

Development Corporation Charleston SC CDLF $1,000,000.00 $1,000,000.00 $1,799,000.00 $3,453,000.00 $1,654,000.00 92% Yes

South Carolina 

Community Loan Fund 

(Lowcountry Housing Trust, 

Incorporated)

North 

Charleston SC CDLF $392,000.00 $392,000.00 $96,000.00 $5,601,000.00 $5,505,000.00 5734% Yes

Rural Electric Economic 

Development, Inc. Madison SD CDLF $1,230,000.00 $1,230,000.00 $11,116,000.00 $11,849,000.00 $733,000.00 7% Yes

South Eastern 

Development Foundation Sioux Falls SD CDLF $240,000.00 $240,000.00 $2,486,000.00 $7,217,000.00 $4,731,000.00 190% Yes

Northeast South Dakota 

Economic Corporation Sisseton SD CDLF $1,000,000.00 $1,000,000.00 $11,758,000.00 $13,542,000.00 $1,784,000.00 15% Yes

CEN-TEX Certified 

Development Corporation Austin TX CDLF $489,000.00 $489,000.00 $3,435,000.00 $6,879,000.00 $3,444,000.00 100% Yes

PeopleFund Austin TX CDLF $500,000.00 $500,000.00 $8,598,000.00 $12,386,000.00 $3,788,000.00 44% Yes

ECDC Enterprise 

Development Group Arlington VA CDLF $320,000.00 $320,000.00 $1,402,000.00 $3,520,000.00 $2,118,000.00 151% Yes

Capital Impact Partners 

(NCB Capital Impact) Arlington VA CDLF $8,218,000.00 $8,218,000.00 $95,578,000.00 $185,891,000.00 $90,313,000.00 94% Yes

Vermont Community Loan 

Fund, Inc. Montpelier VT CDLF $1,247,000.00 $1,247,000.00 $12,787,000.00 $15,201,000.00 $2,414,000.00 19% Yes

Craft3 (ShoreBank 

Enterprise Group, Pacific) Ilwaco WA CDLF $1,867,000.00 $1,867,000.00 $24,108,000.00 $73,810,000.00 $49,702,000.00 206% Yes

Impact Seven, Incorporated Almena WI CDLF $4,000,000.00 $4,000,000.00 $13,344,000.00 $22,610,000.00 $9,266,000.00 69% Yes

Forward Community 

Investments, Inc. Madison WI CDLF $470,000.00 $470,000.00 $3,964,000.00 $8,051,000.00 $4,087,000.00 103% Yes

Wisconsin Women’s 

Business Initiative 

Corporation

Milwaukee WI CDLF $391,000.00 $391,000.00 $4,562,000.00 $17,820,000.00 $13,258,000.00 291% Yes