Document:

Exhibit 10.5

 

AMENDMENT NO. 1 TO AMENDED AND RESTATED

CUSTODIAN AGREEMENT

 

THIS AMENDMENT NO. 1 (this “Amendment”), dated as December 19, 2014, to the Amended and Restated Custodian Agreement dated as of May 15, 2009 (the “Agreement”), is made by and among ARES CAPITAL CORPORATION (the “Company”) and U.S. BANK NATIONAL ASSOCIATION, as custodian (the “Custodian”).  All capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to such terms in the Agreement.

 

W I T N E S S E T H  T H A T:

 

WHEREAS, the Company desires to amend the Agreement to allow the Custodian to open sub-accounts as more particularly described herein;

 

WHEREAS, Section 19 of the Agreement provides that the Agreement may be amended by an express written instrument duly executed by each of the Company and the Custodian;

 

NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements herein contained, the parties hereto agree as follows:

 

I.                                      Amendments

 

1.                                    Section 1.  DEFINITIONS.

 

i.                                        The definition of “Account” in Section 1.1 of the Agreement shall be deleted in its entirety and replaced by the following:

 

“Account” or “Accounts” shall mean, collectively, the Cash Account, the Securities Account, the Alternative Investment Securities Accounts and the Alternative Investment Cash Accounts.”

 

ii.                                    The definition of “Proceeds” shall be deleted in its entirety and replaced by the following:

 

“Proceeds” means, collectively, (i) the net cash proceeds to the Company of the initial public offering by the Company and any subsequent offering by the Company of any class of securities issued by the Company, (ii) all cash distributions, earnings, dividends, fees and other cash payments paid on the Securities (or, as applicable, Alternative Investment Securities) by or on behalf of the issuer or obligor thereof, or applicable paying agent, (iii) the net cash proceeds of the sale or other disposition of the Securities (or, as applicable, Alternative Investment Securities) pursuant to the terms of this Agreement and (iv) the net cash proceeds to the Company of any borrowing or other financing by the

 

 

Company (and any Reinvestment Earnings from investment of any of the foregoing).”

 

iii.                                The following definitions shall be inserted into Section 1.1 of the Agreement:

 

““Alternative Investment Cash Account” shall have the meaning set forth in Section 3.15(b).

 

“Alternative Investment Securities” means, collectively, the (i) investment securities acquired by an Alternative Investment Vehicle and delivered to the Custodian by such Alternative Investment Vehicle from time to time during the term of, and pursuant to the terms of, this Agreement, and (ii) all dividends in kind (e.g., non-cash dividends) from the securities described in clause (i).

 

“Alternative Investment Securities Account” shall have the meaning set forth in Section 3.15(a).

 

“Alternative Investment Vehicle” means, collectively, any corporation, limited partnership, limited liability company or other entity formed by the Company.”

 

2.                                    Section 2. APPOINTMENT OF CUSTODIAN AND DESIGNATION OF ACCOUNTS.

 

i.                                        The following new Subsection 2.2(d) of the Agreement is hereby added after Subsection 2.2(c):

 

“(d)                      The Custodian is authorized to open any number of sub-accounts or accounts for the convenience of the Custodian in administration of this Agreement or as required by the Company for convenience in administering such accounts, provided that any such accounts shall be opened, held and operated as though they were Accounts under this Agreement. .”

 

ii.                                    Section 3.1 of the Agreement shall be deleted in its entirety and replaced by the following:

 

“3.1  Holding Securities

 

The Custodian shall hold and segregate, or direct its agents or its sub-custodians to hold and segregate, for the account of the Company all Securities and Alternative Investment Securities received by it pursuant to this Agreement other than Securities or Alternative Investment Securities which are held in a Securities System, or which are maintained in one or more omnibus accounts and at the Custodian, its agents or sub-custodians, and shall properly account for all Securities and Alternative Investment Securities held in a Securities System or maintained through one or more omnibus accounts and identify the same on its books and records as held for the account of the Company.”

 

-2-

 

iv.                                The following new Section 3.15 of the Agreement is hereby added after Section 3.14:

 

“3.15  Custody of Alternative Investment Vehicle Securities

 

(a)                               With respect to each Alternative Investment Vehicle identified to the Custodian by the Company, there shall be established at the Custodian a securities account to which the Custodian shall deposit and hold any Alternative Investment Securities received by it (and any Proceeds received by it in the form of dividends in kind) pursuant to this Agreement, which account shall be designated as an “Alternative Investment Securities Account” (each, an “Alternative Investment Securities Account”).

 

(b)                              With respect to each Alternative Investment Vehicle identified to the Custodian by the Company, there shall be established at the Custodian a deposit account to which the Custodian shall deposit and hold any cash Proceeds received by it from time to time from or with respect to Alternative Investment Securities, which deposit account shall be designated as an “Alternative Investment Cash Proceeds Account” (each, an “Alternative Investment Cash Account”).

 

(c)                               To the maximum extent possible, the provisions of this Agreement regarding Securities of the Company, the Securities Account and the Cash Account shall be applicable to Alternative Investment Securities, the Alternative Investment Securities Accounts and the Alternative Investment Cash Accounts, respectively; furthermore, the parties hereto agree that (i) any Alternative Investment Vehicle shall have the same rights and obligations as the Company under this Agreement and (ii) the Company shall notify the Custodian in writing (including email) of any Accounts the Custodian is required to establish for an Alternative Investment Vehicle.”

 

v.                                    The following new Section 27 of the Agreement is hereby added after Section 26:

 

“Section 27.  The Company acknowledges receipt of the following notice:

 

“ IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT.

 

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.  For a non-individual person such as a business entity, a charity, a trust or other

 

-3-

 

legal entity the Custodian will ask for documentation to verify its formation and existence as a legal entity.  The Custodian may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation.””

 

II.                                Miscellaneous

 

1.                                    Ratification.  Any sub-accounts or accounts including Alternative Investment Securities Accounts and Alternative Investment Cash Accounts established prior to the date hereof are ratified and shall be treated as Accounts.  Except as expressly amended and waived hereby, the Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.

 

2.                                    Counterparts.  This Amendment may be executed in several counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

 

3.                                    Facsimile Signatures.  The exchange of copies of this Amendment and of signature pages by facsimile or email transmission shall constitute effective execution and delivery of this Amendment as to the parties and may be used in lieu of the original Amendment for all purposes.  Signatures of the parties transmitted by facsimile  or email shall be deemed to be their original signatures for all purposes.

 

4.                                    Effect of Amendment.  Except as expressly set forth in this Amendment, the Agreement remains in full force and effect on the date hereof.

 

[Remainder of Page Intentionally Left Blank]

 

-4-

 

IN WITNESS WHEREOF, the parties hereto have executed or caused this Amendment to be duly executed as a sealed instrument as of the day and year first above written.

 

 

	
Witness:
    	
 
    	
ARES CAPITAL CORPORATION
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
/s/   Ian Fitzgerald
    	
 
    	
By:
    	
/s/ Joshua Bloomstein
    	
 
    
	
Name:
    	
Ian Fitzgerald
    	
 
    	
Name:
    	
Joshua Bloomstein
    	
 
    
	
Title:
    	
Authorized Signatory
    	
 
    	
Title:
    	
Authorized Signatory
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Witness:
    	
 
    	
U.S. BANK NATIONAL ASSOCIATION,   as Custodian
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
/s/   John F. Delaney, Jr.
    	
 
    	
By:
    	
/s/ John Leurini
    	
 
    
	
Name:
    	
John F.   Delaney, Jr.
    	
 
    	
Name:
    	
John Leurini
    	
 
    
	
Title:
    	
Vice President
    	
 
    	
Title:
    	
Vice President
    	
 
    
							

 

-5-Exhibit 10.1

 

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH OMITS THE INFORMATION SUBJECT TO THE CONFIDENTIALITY REQUEST. OMISSIONS ARE INDICATED BY INCLUSION OF THE SYMBOL *.  A COMPLETE UNREDACTED VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 

Eagle Bancorp, Inc.

Senior Executive Annual Incentive Plan

 

Performance Year 2014

 

 

Eagle Bancorp, Inc. and EagleBank

Executive Annual Incentive Plan

Plan Document and Administrative Guidelines

 

This Annual Incentive Plan is for the Executive Management Team of Eagle Bancorp, Inc. (“Company”) and EagleBank.  The annual incentive plan is designed to compensate plan participants for the attainment of specified overall bank and individual goals.  The objective is to align the interests of senior executives with the interests of the Bank in obtaining superior financial results.

 

The Plan operates on a calendar year basis (January 1st to December 31st).  This same calendar year is the performance-period for determining the amount of incentive awards to be paid following year end.

 

PERFORMANCE CRITERIA

 

·              Bank Performance - For all plan participants, a portion of the annual incentive will be based on overall bank performance.  The Compensation Committee will approve bank wide goals for each senior staff member on an annual basis.  In addition, they will review the Bank’s annual incentive programs to ensure they do not encourage risky behavior.

 

·              Strategic Performance - All participants are encouraged to work towards our strategic plan, with certain participants rated on their participation. Those individuals will have a level of fifteen percent (15%) up to twenty-five percent (25%) of the annual incentive will be based on achievement of bank strategic goals.

 

·              Individual Performance - For all participants, individual performance in meeting outlined expectations, as determined by annual performance evaluations, will represent at least fifteen percent (15%) of the plan participant’s incentive payout.

 

PERFORMANCE STANDARDS

 

For each performance factor (Overall Bank, and Individual), an appropriate standard of performance must be established with three essential performance points:

 

·              Threshold Performance:  That level of performance for each objective below which no award will be given.  Threshold performance will be 85% of target expectations.

 

·              Target Performance:  The level of performance for each objective at budgeted goals.  The budgeted, or expected, level of performance is based upon historical data, and management’s best judgment as to expected performance during the upcoming performance period.  The Compensation Committee will approve bank wide goals on an annual basis.

 

·              Target Plus Performance:  The target plus performance level is not capped, and will be paid in proportion to the results achieved in excess of 15% above target; however we include it to show potential payouts if we exceed target goals by 15%.

 

 

·      Peer Performance Factor:   Assuming Target Plus Performance is achieved, and assuming individual performance warrants, an additional Peer Performance Factor will be applied to the bonus amount based on alignment with peer performance and compensation.

 

NOTE ON PEER PERFORMANCE FACTOR:  The peer performance factor is an additional adjustment based on overall performance of Bank and Executive.  Overall performance above the target performance levels will be measured against that of peers, so that participants are eligible to be compensated relative to peer performance within the construct of the SEIP.  For example, participants who perform at the 75th percentile, relative to peers, will be eligible to be compensated at the 75th percentile as compared to peers, subject to individual performance.  Likewise, participants who perform at the 90th percentile, relative to peers, will be eligible to be compensated at the 90th percentile as compared to peers, subject to individual performance.  Peer performance will be measured on overall bank performance and/or specific performance metrics (e.g., NPA’s) for areas of primary responsibility.

 

PLAN PAYOUTS

 

The Net Operating Income, Threshold level, must be met for there to be any payment made for the Bank Performance and Strategic Performance categories.  Participants will still be eligible to receive a payout for Individual Performance.

 

After all performance results are available at year-end, the awards will be calculated for each Plan participant and approved by the CEO, and Compensation Committee.  The Compensation Committee has the discretion to pay out annual incentives in cash or awards of restricted stock under the 2006 Stock Plan.

 

The actual award payouts will be calculated using a ratable approach, where award payouts are calculated as a proportion of minimum, target and target plus award opportunities.  If actual performance falls between a performance level, the payout will also fall between the pre-defined performance level on a pro-rated basis.  A Plan participant must be an employee at the time of the award payout in order to receive a payout.  The result of the performance criteria is calculated as a percent of base salary for participants during the current Plan year.  Plan payouts will be made no later than 75 days after the year end.

 

EGBN has the right to recover any incentive payments that were made based on material misstatements or inaccurate performance metrics.

 

PLAN ADMINISTRATION

 

Responsibilities of the Compensation Committee:  The Compensation Committee has the responsibility to approve, amend, or terminate the Plan as necessary.  The actions of the Compensation Committee shall be final and binding on all parties.  The Compensation Committee shall also review the operating rules of the Plan on an annual basis and revise these rules if necessary.  The Compensation Committee also has the sole ability to decide if an extraordinary event(1) totally outside of management’s influence, be it a windfall or a shortfall, has occurred during the current Plan year, and whether the figures should be adjusted to neutralize the effects of such events.  After approval by the Compensation Committee, management shall, as soon as practical, inform each of the Plan participants under the Plan of their potential award under the operating rules adopted for the Plan year.

 

Responsibilities of the CEO:  The CEO of the Company administers the program directly and provides liaison to the Compensation Committee, including the following specific responsibilities: recommend the

 

 

Plan participants to be included in the Plan each year.  This includes determining if additional employees should be added to the Plan and if any Plan participants should be removed from participating in the Plan. Provide recommendations for the award opportunity amounts at threshold, target and target plus for tiers II and below.  The CEO will review the objectives and evaluations, adjust guideline awards for performance and recommend final awards to the Compensation Committee.  Provide other appropriate recommendations that may become necessary during the life of the plan.  This could include such items as changes to Plan provisions.

 

Amendments and Plan Termination:  The Company has developed the Plan on the basis of existing business, market and economic conditions, current services, and staff assignments.  If substantial changes occur that affect these conditions, services, assignments, or forecasts, the Company may add to, amend, modify or discontinue any of the terms or conditions of the Plan at any time with approval from the Compensation Committee.  The Compensation Committee may, at its sole discretion, terminate, change or amend any of the Plan as it deems appropriate.

 

MISCELLANEOUS

 

Reorganization:  If the Company shall merge into or consolidate with another company, or reorganize, or sell substantially all of its assets to another company, firm, or person such succeeding or continuing company, firm, or person shall succeed to, assume and discharge the obligations of the Company under this Plan.  Upon the occurrence of such event, the term “Company” as used in this Plan shall be deemed to refer to the successor or survivor company.

 

Tax Withholding:  The Company shall withhold any taxes that are required to be withheld from the benefits provided under this Plan.

 

Designated Fiduciary:  The Company shall be the named fiduciary and Plan Administrator under the Plan.  The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals.

 

No Guarantee of Employment:  This Plan is not an employment policy or contract.  It does not give the Plan participant the right to remain an employee of the Company, nor does it interfere with the Company’s right to discharge the Plan participant.

 

(1) An extraordinary event may include a merger, acquisition or divestiture that was not outlined in strategic plan, investment gains or losses, changes in capital cost structure, unplanned branch openings, unexpected and strong sales oriented addition to staff, and increase of 50% or more of collection expenses.

 

 

 

INCENTIVE RANGES AND AWARD OBJECTIVES

 

Eagle Bancorp, Inc.

 

	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Proposed Incentive Ranges
    
	
Tier
    	
 
    	
Name
    	
 
    	
Position
    	
 
    	
Threshold
    	
 
    	
Target
    	
 
    	
Target
   Plus
    
	
I
    	
 
    	
Ron   Paul
    	
 
    	
Chairman   and CEO
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
II
    	
 
    	
Susan   Riel
    	
 
    	
Sr.   EVP & COO of the Bank
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
III
    	
 
    	
James   Langmead
    	
 
    	
EVP &   Chief Financial Officer
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
III
    	
 
    	
Antonio   Marquez
    	
 
    	
Chief   Lending Officer — CRE
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
III
    	
 
    	
Janice   Williams
    	
 
    	
EVP &   Chief Credit Officer
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
III
    	
 
    	
Steven   Reed
    	
 
    	
EVP &   Chief Deposit Officer
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
IV
    	
 
    	
Michael   Flynn
    	
 
    	
EVP &   COO of Eagle Bancorp
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
IV
    	
 
    	
Thomas   Murphy
    	
 
    	
President   Community Banking
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
IV
    	
 
    	
Larry   Bensignor
    	
 
    	
EVP &   General Counsel
    	
 
    	
*
    	
 
    	
*
    	
 
    	
*
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
Percent of Salary
    

 

NOTE:           Threshold, target and target plus payout thresholds have been established for each tier in order to ensure competitive payouts and budget costs associated with this program.

 

 

2014 Senior Staff Incentive Goals

 

	
 
    	
 
    	
Paul
    	
 
    	
Riel
    	
 
    	
Murphy
    	
 
    	
Flynn
    	
 
    	
Marquez
    	
 
    	
Langmead
    	
 
    	
Williams
    	
 
    	
Bensignor
    	
 
    	
Reeder
    	
 
    	
Target
    	
 
    
	
Net   Income
    	
 
    	
35
    	
%
    	
20
    	
%
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
NPAs
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
30
    	
%
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Strategic   Alignment
    	
 
    	
25
    	
%
    	
20
    	
%
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
20
    	
%
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Total   Loan Growth (Average Balance)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Average   Core Deposit Growth 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
DDA   Deposit Growth
    	
 
    	
 
    	
 
    	
 
    	
 
    	
25
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
MMA   Deposit Growth
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Non   Interest Income
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Efficiency   Ratio
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Non   Traditional Fee Income (aggregate)
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
%
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Non   Interest Expenses 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
 
    	
 
    	
20
    	
%
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
NIM
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
15
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Average   Annual Individual Deposits
    	
 
    	
 
    	
 
    	
 
    	
 
    	
25
    	
%
    	
25
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Average   Annual Individual Loans
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
20
    	
%
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
15
    	
%
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Charge   Offs
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
30
    	
%
    	
 
    	
 
    	
 
    	
 
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Dept/Individual   Performance
    	
 
    	
40
    	
%
    	
25
    	
%
    	
15
    	
%
    	
25
    	
%
    	
20
    	
%
    	
20
    	
%
    	
20
    	
%
    	
20
    	
%
    	
20
    	
%
    	
*
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%
    	
100
    	
%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}]]