Collateral Diversification. Commercial loan portfolio has evolved over time, with increasing concentration in multifamily, industrial and data center collateral types. The chart is a stacked bar graph displaying the composition of a commercial loan portfolio from Q2'21 to Q2'26. The legend includes: Multifamily (dark blue), Office (light purple), Hotel (bright blue), Mixed Use (light gray), Industrial (light green), Data Center (teal), Retail (dark gray), and Other (medium gray). A stacked bar chart illustrating the shifting composition of a commercial loan portfolio over time. The x-axis represents time periods from Q2'21 to Q2'26. The y-axis represents percentage from 0% to 100%. The data shows a significant increase in the proportion of Multifamily loans (dark blue) and a decrease in the proportion of Office loans (light purple) over the displayed time period.

Period	Multifamily	Office	Hotel	Mixed Use	Industrial	Data Center	Retail	Other
Q2'21	27%	28%	20%	14%	3%	0%	3%	5%
Q3'21	26%	28%	21%	14%	3%	0%	3%	5%
Q4'21	29%	30%	18%	12%	3%	0%	3%	5%
Q1'22	34%	27%	16%	6%	7%	0%	3%	7%
Q2'22	35%	24%	15%	9%	7%	0%	2%	8%
Q3'22	35%	24%	16%	9%	6%	1%	2%	7%
Q4'22	35%	23%	16%	9%	7%	1%	2%	7%
Q1'23	35%	23%	16%	9%	7%	1%	2%	7%
Q2'23	36%	23%	16%	8%	7%	1%	2%	7%
Q3'23	37%	24%	14%	7%	8%	1%	2%	7%
Q4'23	38%	23%	15%	7%	8%	1%	2%	6%
Q1'24	39%	23%	14%	7%	8%	1%	2%	6%
Q2'24	39%	22%	14%	7%	8%	1%	2%	7%
Q3'24	36%	21%	14%	9%	8%	1%	1%	10%
Q4'24	36%	22%	12%	8%	9%	2%	1%	10%
Q1'25	36%	21%	11%	9%	9%	2%	1%	11%
Q2'25	36%	20%	10%	9%	10%	2%	1%	12%
Q3'25	39%	20%	9%	4%	13%	2%	1%	12%
Q4'25	39%	18%	8%	5%	14%	4%	1%	11%
Q1'26	37%	18%	8%	4%	14%	4%	4%	11%
Q2'26	35%	18%	10%	0%	18%	4%	4%	11%

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