{ "markdown": "Office Loan Portfolio Overview\n\n\n[\ud83c\udfd4\ufe0f]\n\n\n- Since 2021, reduced the office exposure by $(966) million,\nor about 56%, primarily through repayments, paydowns and\nproactive loan resolutions\n- Granular office portfolio across 14 MSAs and 12 States\n- 50% CBD locations, 50% suburban locations\n- 33% Top 5 markets, 67% secondary markets\n- Average unpaid principal balance $37.8 million\n- Weighted average Stabilized LTV at Origination of 66.8%\n- 5-rated office exposure in Minneapolis\n- No office exposure in Washington DC, Downtown LA, San\nFrancisco Bay Area, Chicago, Portland or Seattle\n\n\n
\n\nA vertical bar chart titled \"REDUCTION IN OFFICE EXPOSURE(11) ($ in millions, reflects UPB)\". The chart displays a declining trend in office exposure from 2021 to Q1'26, with a downward-pointing arrow indicating a 56% overall reduction. The x-axis represents the years 2021, 2022, 2023, 2024, 2025, and the period Q1'26. The y-axis values correspond to the height of each blue bar.
YearValue ($ in millions)
20211,723
20221,404
20231,195
20241,004
2025748
Q1'26757
\n\n
OFFICE PORTFOLIO BY REGION(11)(12)
RegionPercentage
Northeast32.5%
Southeast28.8%
West19.5%
Southwest10.7%
Midwest8.5%
\n\nA pie chart titled 'OFFICE PORTFOLIO BY REGION' displays the distribution of an office portfolio across five regions: Northeast (32.5%), Southeast (28.8%), West (19.5%), Southwest (10.7%), and Midwest (8.5%). The chart is color-coded with distinct blue shades for each slice, starting with the largest slice (Northeast) at the top right and proceeding clockwise.
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