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U.S. Department of the Treasury, Office of Financial Stability, published on 2/12/2018. 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 January 31, 2018 Total January Payments: Program CDCI Instrument Type CDCI BUFFALO COOPERATIVE FEDERAL CREDIT UNION CARTER FEDERAL CREDIT UNION Subordinated Debentures CDCI COMMUNITY BANK OF THE BAY Preferred Stock CDCI COMMUNITY FIRST GUAM FEDERAL CREDIT UNION COOPERATIVE CENTER FEDERAL CREDIT UNION D.C. FEDERAL CREDIT UNION CDCI CDCI Total Life-to-Date Payments: $43,665 Institution Notes Subordinated Debentures $14,230,049 Payment Type Payment Frequency Expected Payment Date Actual Payment Date Payment This Month Life-To-Date Payments Next Scheduled Payment Date Interest Quarterly N/A N/A $20,711 2/15/2018 Interest Quarterly N/A N/A $659,350 2/15/2018 Dividend - Non Cumulative Quarterly N/A N/A $558,476 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $378,508 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $399,791 2/15/2018 Interest Quarterly N/A N/A $199,085 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $998 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $14,256 2/15/2018 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 Preferred Stock CDCI TULANE-LOYOLA FEDERAL CREDIT UNION CDCI CDCI CDCI CDCI CDCI CDCI Subordinated Debentures 42 Preferred Stock 167 42 Dividend - Cumulative Quarterly N/A N/A $2,482,976 2/15/2018 Interest Quarterly N/A N/A $647,364 2/15/2018 Interest Quarterly N/A N/A $1,799,921 2/15/2018 Interest Quarterly N/A N/A $46,038 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $40,423 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $46,331 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $49,992 2/15/2018 2/15/2018 42 Subordinated Debentures Interest Quarterly N/A N/A $155,528 Dividend - Non Cumulative Quarterly N/A N/A $209,936 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $60,561 2/15/2018 Subordinated Debentures Interest Quarterly N/A N/A $1,428 2/15/2018 CDCI UNION BAPTIST CHURCH FEDERAL CREDIT UNION VIGO COUNTY FEDERAL CREDIT UNION Interest N/A N/A 1/17/2018 CPP HARBOR BANKSHARES CORPORATION Preferred Stock Dividend - Cumulative Quarterly N/A N/A CPP ONE UNITED BANK Preferred Stock Dividend - Non Cumulative Quarterly N/A N/A $93,823 2/15/2018 CPP ONEFINANCIAL CORPORATION Subordinated Debentures with Exercised Warrants Interest Quarterly N/A N/A $3,782,991 2/15/2018 CPP PINNACLE BANK HOLDING COMPANY, INC. Preferred Stock with Exercised Warrants 87 Dividend - Cumulative Quarterly N/A N/A $284,999 2/15/2018 CPP ST. JOHNS BANCSHARES, INC. Preferred Stock with Exercised Warrants 2a Dividend - Cumulative N/A N/A 1/10/2018 Subordinated Debentures 42 2b, 163 $353 $43,313 $132,601 N/A $282,744 2/15/2018 $1,881,221 N/A Notes to the Cumulative Dividends, Interest, and Distribution Report: 2a This institution repaid Treasury pursuant to Title VII, Section 7001 of the American Recovery and Reinvestment Act of 2009, in this month. No future dividend payments are required. The life to date payment amount will remain the same on future reports. 2b This institution repaid Treasury in 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 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. 167 CAPITAL PURCHASE PROGRAM (CPP) MISSED DIVIDENDS & INTEREST PAYMENTS AS OF JANUARY 31, 2018 Total CPP Investment Amount (Note 24) $204,894,726,320 Total CPP Dividends/Interest Paid as of January 31, 2018 (Note 1) $12,133,951,115 Non-Current CPP Dividends/Interest (Note 3) Notes Institution Name Portfolio? Purchase Amount (Note 6) Unpaid Dividends/Interest (Note 2) $24,637,083 Non-Current Cumulative Dividends: $5,842,160 Non-Current Non-Cumulative Dividends: $7,087,013 Non-Current S-Corp Interest: $11,707,911 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 HARBOR BANKSHARES CORPORATION Y $6,800,000 $3,604,000 $170,000 $3,434,000 30 15 PINNACLE BANK HOLDING COMPANY, INC. Y $4,389,000 $2,408,160 $0 $2,408,160 30 Y $12,063,000 $7,087,013 $0 $7,087,013 35 Y $17,300,000 $11,707,911 $0 $11,707,911 23 NON-CUMULATIVE DIVIDENDS: 37 ONE UNITED BANK S-CORPORATION INTEREST: 15 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 Treasurys 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. COMMUNITY DEVELOPMENT CAPITAL INITIATIVE (CDCI) MISSED DIVIDENDS & INTEREST PAYMENTS AS OF JANUARY 31, 2018 Total CDCI Investment Amount $570,073,000 Total CDCI Dividends/Interest Paid as of January 31, 2018 $64,772,847 Non-Current CDCI Dividends/Interest (Note 1) Notes Institution Name Portfolio? Purchase Amount Unpaid Dividends/Interest (Note 1) $215,950 Non-Current Cumulative Dividends: $0 Non-Current Non-Cumulative Dividends: $215,950 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 $251,550 $55,900 $195,650 14 NEIGHBORHOOD TRUST FEDERAL CREDIT UNION Y $283,000 $4,245 $4,245 $0 0 UNION BAPTIST CHURCH FEDERAL CREDIT UNION Y $10,000 $50 $50 $0 0 NON-CUMULATIVE DIVIDENDS: 6 CREDIT UNION INTEREST: 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.
@FedFRASER