Special Questions

Results Tables

What share of your loan balance is currently on payment deferral or otherwise modified due to the coronavirus (COVID-19)?

NOTES: 65 responses. Shown is the trimmed mean with the lowest and highest five percent of responses omitted.

When Section 4013 of the CARES Act expires on 12/31/2020, what percentage of your modified loan balance do you expect would become past due in the subsequent quarter?

NOTES: 48 responses. This question was only posed to those indicating they have a portion of their loan balance currently on payment deferral or otherwise modified due to COVID-19. Shown is the trimmed mean with the lowest and highest five percent of responses omitted.

How are you preparing for a potential increase in past due loans? Please select all that apply.

NOTE: 71 responses.

Do you expect lower profitability over the next six months?

NOTE: 71 responses.

How are you approaching cost cutting in response to expected lower profits? Please select all that apply.

NOTES: 49 responses. This question was only posed to those indicating they expect lower profitability over the next six months. The most common ‘other’ responses were reducing general discretionary or non-interest expenses, and implementing a hiring freeze.

Which loan type has the greatest downside risk in terms of credit performance over the next six months?

NOTE: 70 responses.

Special Questions Comments

These comments have been edited for publication.

• Our outlook continues to be highly dependent on whether additional fiscal stimulus is provided over the next six months, as well as the trajectory of COVID-19.
• We are not expecting a significant increase in past-due loans, but out of an abundance of caution, we will continue to add to our reserves and monitor our loans closely.