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U.S. Department of the Treasury, Office of Financial Stability, published on 9/10/2018. This copy of the report is subject to the terms and conditions of download as stated at http://www.treasury.gov/initiatives/financial-stability/reports/Pages/default.aspx. The official version from the U.S. Department of the Treasury, Office of Financial Stability is available as a PDF file at http://www.treasury.gov/initiatives/financial-stability/reports/Pages/Dividends-and-Interest-Reports.aspx Cumulative Dividends, Interest and Distributions Report as of August 31, 2018 Total August Payments: Program Total Life-to-Date Payments: $168,905 Institution Instrument Type Notes Payment Frequency Expected Payment Date $160,668,678 Actual Payment Date AIFP MOTORS LIQUIDATION COMPANY (OLD GM) Debt Obligation with Additional Note CDCI Subordinated Debentures CDCI BUFFALO COOPERATIVE FEDERAL CREDIT UNION CARTER FEDERAL CREDIT UNION Subordinated Debentures 1g Interest N/A N/A N/A CDCI COMMUNITY BANK OF THE BAY Preferred Stock 42 Dividend - Non Cumulative Quarterly 8/15/2018 CDCI COMMUNITY FIRST GUAM FEDERAL CREDIT UNION COOPERATIVE CENTER FEDERAL CREDIT UNION D.C. FEDERAL CREDIT UNION Subordinated Debentures Interest Quarterly Subordinated Debentures Interest Quarterly CDCI CDCI N/A N/A N/A Quarterly 8/15/2018 8/15/2018 Life-To-Date Payments $143,526,108 Next Scheduled Payment Date N/A $725 $22,886 11/15/2018 $690,172 N/A 8/15/2018 $20,300 $619,376 11/15/2018 8/15/2018 8/17/2018 $13,250 $418,258 11/15/2018 8/15/2018 8/7/2018 $13,995 $441,776 11/15/2018 Quarterly 8/15/2018 8/15/2018 $2,500 $206,585 11/15/2018 Interest Quarterly 8/15/2018 8/13/2018 $35 $1,103 11/15/2018 1g Interest N/A N/A N/A $15,067 N/A 18, 42 Dividend - Cumulative Quarterly 8/15/2018 8/15/2018 $85,000 $2,737,976 11/15/2018 Interest Quarterly 8/15/2018 8/15/2018 $22,600 $715,164 11/15/2018 1g, 42 Interest N/A N/A N/A $1,896,706 N/A 1b Interest N/A N/A N/A $46,434 N/A Subordinated Debentures Interest Quarterly 8/15/2018 8/15/2018 $1,415 $44,668 11/15/2018 Subordinated Debentures Interest Quarterly 8/15/2018 8/8/2018 $1,625 $51,206 11/15/2018 1g Interest N/A N/A N/A $54,036 N/A Interest Quarterly 8/15/2018 8/2/2018 $171,893 11/15/2018 Preferred Stock 42 Dividend - Non Cumulative Quarterly N/A N/A $209,936 11/15/2018 TULANE-LOYOLA FEDERAL CREDIT UNION Subordinated Debentures 1g Interest N/A N/A 8/8/2018 $1,955 $66,756 N/A Subordinated Debentures Interest Quarterly 8/15/2018 8/9/2018 $50 $1,578 11/15/2018 CDCI UNION BAPTIST CHURCH FEDERAL CREDIT UNION VIGO COUNTY FEDERAL CREDIT UNION CPP HARBOR BANKSHARES CORPORATION Preferred Stock CPP ONE UNITED BANK Preferred Stock CPP ONEFINANCIAL CORPORATION Subordinated Debentures with Exercised Warrants CPP PINNACLE BANK HOLDING COMPANY, INC. CPP ST. JOHNS BANCSHARES, INC. Subordinated Debentures CDCI EAST END BAPTIST TABERNACLE FEDERAL CREDIT UNION EPISCOPAL COMMUNITY FEDERAL CREDIT UNION FIRST AMERICAN INTERNATIONAL CORP. CDCI HOPE FEDERAL CREDIT UNION Subordinated Debentures CDCI IBC BANCORP, INC. Subordinated Debentures CDCI Subordinated Debentures CDCI LIBERTY COUNTY TEACHERS FEDERAL CREDIT UNION NEIGHBORHOOD TRUST FEDERAL CREDIT UNION NORTH SIDE COMMUNITY FEDERAL CREDIT UNION NORTHEAST COMMUNITY FEDERAL CREDIT UNION OPPORTUNITIES CREDIT UNION CDCI TRI-STATE BANK OF MEMPHIS CDCI CDCI CDCI CDCI CDCI CDCI 167 Interest Interest Payment This Month Interest CDCI Subordinated Debentures 30 Payment Type Subordinated Debentures Preferred Stock Subordinated Debentures Subordinated Debentures Subordinated Debentures $5,455 1b, 163 Interest N/A N/A N/A $132,601 N/A 175 Dividend - Cumulative N/A N/A N/A $2,555,361 N/A Dividend - Non Cumulative Quarterly N/A N/A $93,823 176 Interest N/A N/A N/A $3,782,991 11/15/2018 N/A Preferred Stock with Exercised Warrants 87, 174 Dividend - Cumulative N/A N/A N/A $284,999 N/A Preferred Stock with Exercised Warrants 1a Dividend - Cumulative N/A N/A N/A $1,881,221 N/A Notes to the Cumulative Dividends, Interest, and Distribution Report: 1a This institution repaid Treasury pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009, prior to this month. No current or future dividend payments are required. The life to date payment amount will remain the same on 1b This institution repaid Treasury prior to this month pursuant to one or more of the following, as appropriate: Section 5 of the CDCI Certificate of Designation, Section 6.10 or 6.11 of the CDCI Securities Purchase Agreement, and/or Section 5.11 of the CDCI 1g 18 This institution repaid Treasury during or prior to this month pursuant to one or more of the following, as appropriate: Section 5 of the CDCI Certificate of Designation, Section 6.10 or 6.11 of the CDCI Securities Purchase Agreement, and/or Section 5.11 of the CDCI Exchange Agreement. No current or future dividend payments are required. The life to date payment amount will remain the same on future reports. Accrued dividends or interest paid during this reporting period in respect of a partial capital repayment. 30 General Motors Corporation (Old GM) is now known as Motors Liquidation Company. Although interest accrues quarterly, payment is not due until the maturity date of the note. 42 This institution qualified to participate in the Community Development Capital Initiative (CDCI), and has exchanged its Capital Purchase Program investment for an equivalent amount of investment with Treasury under the CDCI program terms. 87 On 7/27/2012, Treasury entered into an agreement with Pinnacle Bank Holding Company, Inc. (“Pinnacle”) pursuant to which Treasury agreed to sell its CPP preferred stock back to Pinnacle at a discount subject to the satisfaction of the conditions 163 On 12/27/2016, Treasury entered into an agreement with Vigo County Federal Credit Union (the “Company”), pursuant to which Treasury agreed to sell 389,150 of its CDCI senior subordinated securities to the Company for fair value of $358,018 plus accrued and unpaid interest to the date of closing, subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 12/27/2016. On 12/30/2016, Treasury entered into an agreement with D.C. Federal Credit Union (the “Company”), pursuant to which Treasury agreed to sell 1,022,000 of its CDCI senior subordinated securities to the Company for fair value of $970,900 plus accrued and unpaid interest to the date of closing, subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 12/30/2016. On 5/22/2018, Treasury entered into an agreement with Pinnacle Bank Holding Company, Inc. (the “Company”) pursuant to which Treasury agreed to sell its CPP preferred stock back to the Company at a discount subject to the satisfaction of the conditions specified in the agreement. The sale was completed on 5/22/2018. On 7/13/2018, Treasury exchanged its preferred stock in Harbor Bankshares Corporation (“Harbor”) and all accrued, unpaid dividends on that stock for 5,491,843 shares of common stock and payment of $2,272,617 pursuant to the terms of the exchange agreement between Treasury and Harbor entered into on that day. On 8/15/2018, Treasury determined that its securities holdings in One Financial Corporation (OFC) were worthless and wrote off the investment. Additional information can be found in the TARP Investment Program Transaction Report. 167 174 175 176 CAPITAL PURCHASE PROGRAM (CPP) MISSED DIVIDENDS & INTEREST PAYMENTS AS OF AUGUST 31, 2018 $204,894,726,320 Total CPP Dividends/Interest Paid as of August 31, 2018 (Note 1) Total CPP Investment Amount (Note 24) $12,136,223,732 $7,901,265 Non-Current CPP Dividends/Interest (Note 3) Notes Institution Name Portfolio? Purchase Amount (Note 6) Unpaid Dividends/Interest (Note 2) Non-Current Cumulative Dividends: $0 Non-Current Non-Cumulative Dividends: $7,901,265 Non-Current S-Corp Interest: $0 Payments Made Later (Note 4) Non-Current Dividends/Interest (Note 3) Number of Missed Payments (Note 5) CUMULATIVE DIVIDENDS: 8, 15, 36, 60 BROADWAY FINANCIAL CORPORATION Y $15,000,000 $2,137,500 $2,137,500 $0 0 15, 92 HARBOR BANKSHARES CORPORATION Y $6,800,000 $3,910,000 $1,615,000 $0 15 PINNACLE BANK HOLDING COMPANY, INC. N $4,389,000 $2,615,520 $0 $0 32 Y $12,063,000 $7,901,265 $0 $7,901,265 38 N $17,300,000 $13,552,384 $0 $0 26 91 NON-CUMULATIVE DIVIDENDS: 37 ONE UNITED BANK S-CORPORATION INTEREST: 93 ONEFINANCIAL CORPORATION Notes 1 "Dividends and Interest Paid" includes amounts paid in respect of exercised warrants. 2 3 "Unpaid Dividends/Interest" includes unpaid cumulative dividends, non-cumulative dividends and s-corp/interest, but does not include interest accrued on unpaid cumulative dividends. "Unpaid Dividends/Interest" are stated for the period until the institution (i) exited their investment in the Capital Purchase Program or (ii) entered bankruptcy or its bank subsidiary was placed into receivership. "Non-current dividends/interest" includes unpaid cumulative dividends, non-cumulative dividends and s-corp/interest, but does not include interest accrued on unpaid cumulative dividends. "Non-current dividends/interest" excludes institutions that missed payments but (i) have fully caught-up on missed payments, (ii) exited their investment in the Capital Purchase Program, (iii) completed an exchange with Treasury for new securities (such as common stock), or for which Treasury has sold its investment, or (iv) are in, or have completed, receivership or bankruptcy proceedings. 4 "Payments Made Later" refers to an institution that paid accrued and unpaid dividends after missing the initial scheduled payment date(s). 5 "Number of Missed Payments" are stated for the period until the institution (i) exited their investment in the Capital Purchase Program or (ii) entered bankruptcy or its bank subsidiary was placed into receivership. 6 "Purchase Amount" includes the investment amount for child institutions from mergers, acquisitions. 8 This institution repaid dividends by way of capitalization at the time of exchange. 15 As of the date of this report, this institution has agreed to have a Treasury observer attend board of directors meetings and an observer has been assigned. 24 Total CPP Investment Amount includes the capitalization of accrued dividends / interest referred to in footnote 8. 36 For information related to the exchange of Treasurys investment, please see footnote 78 to the Cumulative Dividends, Interest and Distributions Report in the notes preceding this table. 37 As of the date of this report, this institution has declined Treasury's request to have a Treasury observer attend board of directors meetings. 60 For information related to the exchange of Treasury's investment, please see footnote 110 to the Cumulative Dividends, Interest and Distributions Report in the notes preceding this table. 91 For information related to the sale of Treasury's investment, please see footnote 174 to the Cumulative Dividends, Interest and Distributions Report in the notes preceding this table. 92 For information related to the exchange of Treasury's investment, please see footnote 175 to the Cumulative Dividends, Interest and Distributions Report in the notes preceding this table. 93 For information related to the disposition of Treasury's investment, please see footnote 176 to the Cumulative Dividends, Interest and Distributions Report in the notes preceding this table. COMMUNITY DEVELOPMENT CAPITAL INITIATIVE (CDCI) MISSED DIVIDENDS & INTEREST PAYMENTS AS OF AUGUST 31, 2018 $570,073,000 Total CDCI Dividends/Interest Paid as of August 31, 2018 Total CDCI Investment Amount $65,412,751 $257,875 Non-Current CDCI Dividends/Interest (Note 1) Notes Institution Name Portfolio? Purchase Amount Unpaid Dividends/Interest (Note 1) Non-Current Cumulative Dividends: $0 Non-Current Non-Cumulative Dividends: $257,875 Non-Current S-Corp Interest: $0 Non-Current Credit Union Interest: $0 Payments Made Later (Note 2) Non-Current Dividends/Interest (Note 1,4) Number of Missed Payments CUMULATIVE DIVIDENDS: 3, 6 CARVER BANCORP, INC. Y $18,980,000 $284,700 $284,700 $0 0 FIRST AMERICAN INTERNATIONAL CORP. Y $17,000,000 $765,000 $765,000 $0 0 COMMUNITY BANK OF THE BAY Y $4,060,000 $20,300 $0 $20,300 1 TRI-STATE BANK OF MEMPHIS Y $2,795,000 $293,475 $55,900 $237,575 17 Y $283,000 $4,245 $4,245 $0 0 Y $10,000 $50 $50 $0 0 NON-CUMULATIVE DIVIDENDS: 6 CREDIT UNION INTEREST: NEIGHBORHOOD TRUST FEDERAL CREDIT UNION UNION BAPTIST CHURCH FEDERAL CREDIT UNION Notes 1 "Non-current dividends/interest" includes unpaid cumulative dividends, non-cumulative dividends and s-corp/interest, but does not include interest accrued on unpaid cumulative dividends. 2 "Payments Made Later" refers to an institution that paid accrued and unpaid dividends after missing the initial scheduled payment date(s). 3 For information related to the exchange of Treasury's investment, please see footnote 71 to the Cumulative Dividends, Interest and Distributions Report in the notes preceding this table. 4 "Non-current dividends/interest" excludes institutions that missed payments but (i) have fully caught-up on missed payments, (ii) have repaid their investment amounts and exited the Community Development Capital Initiative Program, (iii) completed an exchange with Treasury for new securities (such as common stock), or for which Treasury has sold its investment, or (iv) are in, or have completed, receivership or bankruptcy proceedings. 6 As of the date of this report, this institution has agreed to have a Treasury observer attend board of directors meetings and an observer has been assigned.
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