LOAN DASHBOARD REPORT AIDEA REVOLVING FUND YEAR TO DATE FISCAL YEAR-TO-DATE LOAN PORTFOLIO ACTIVITY (07/01/2016-09/30/2016 ) 07/01/2016 START DATE LOAN CATEGORY STARTING BALANCE NEW LOANS FUNDED SCHEDULED PAYMENTS LOAN ACTIVITY PAYOFFS & PREPAYMENTS PRINCIPAL PAYMENTS RECEIVED ENDING BALANCE INTEREST RECEIVED EARNINGS BANK FEES INTEREST EARNINGS NET OF FEES $384,036,670 STARTING BALANCE $19,284,517 NEW LOANS FUNDED LOAN PARTICIPATIONS 320,610,464 15,291,672 (3,824,210) (8,442,521) (12,266,731) 323,635,404 3,641,228 (192,162) 3,449,066 BOND SALE LOANS 12,637,962 - (133,990) - (133,990) 12,503,972 172,129-172,129 SUBTOTAL 333,248,426 15,291,672 (3,958,200) (8,442,521) (12,400,721) 336,139,376 3,813,357 (192,162) 3,621,196 OREO & OTHER LOANS 273,610 - (5,270) - (5,270) 268,340 3,756-3,756 POWER PROJECT LOANS 16,307,479 - (223,593) - (223,593) 16,083,886 63,427-63,427 DIRECT LOANS 34,207,155 3,992,845 - - - 38,200,000 117,216-117,216 TOTAL 384,036,670 19,284,517 (4,187,063) (8,442,521) (12,629,584) 390,691,602 3,997,756 (192,162) 3,805,595 $12,629,584 PRINCIPAL PAYMENTS MONTHLY LOAN PORTFOLIO ACTIVITY (09/01/2016-09/30/2016 ) 09/30/2016 END DATE LOAN CATEGORY STARTING BALANCE NEW LOANS FUNDED* SCHEDULED PAYMENTS LOAN ACTIVITY PAYOFFS & PREPAYMENTS PRINCIPAL PAYMENTS RECEIVED ENDING BALANCE INTEREST RECEIVED EARNINGS BANK FEES INTEREST EARNINGS NET OF FEES $390,691,602 ENDING BALANCE $3,805,595 INTEREST (Net of Fees) LOAN PARTICIPATIONS 321,464,904 4,117,597 (1,205,958) (741,140) (1,947,097) 323,635,404 1,167,249 (62,070) 1,105,179 BOND SALE LOANS 12,550,081 - (46,109) - (46,109) 12,503,972 55,931-55,931 SUBTOTAL 334,014,985 4,117,597 (1,252,066) (741,140) (1,993,206) 336,139,376 1,223,180 (62,070) 1,161,110 OREO & OTHER LOANS 269,217 - (877) - (877) 268,340 1,379-1,379 POWER PROJECT LOANS 16,204,507 - (120,621) - (120,621) 16,083,886 16,251-16,251 DIRECT LOANS 38,200,000 - - - - 38,200,000 39,418-39,418 TOTAL 388,688,709 4,117,597 (1,373,565) (741,140) (2,114,704) 390,691,602 1,280,228 (62,070) 1,218,158
REGIONAL DIVERSITY OF PARTICIPATION & DIRECT LOANS OUTSTANDING BALANCES & NEW ACTIVITY REGION LOAN PARTICIPATIONS BALANCE DIRECT LOANS NEW LOANS* IN PROCESS NEW APPLICATIONS IN PROCESS TOTAL ANCHORAGE 173,378,899 8,200,000 24,267,275 6,516,000 212,362,174 GULFCOAST 15,727,626 30,000,000 677,990-46,405,616 INTERIOR 6,606,207 - - - 6,606,207 MAT-SU 53,139,656-16,129,086-69,268,742 NORTHERN 26,022,398 - - 1,063,125 27,085,523 SOUTHEAST 55,039,551-31,253,600 5,040,000 91,333,151 SOUTHWEST 6,225,039 - - - 6,225,039 STATEWIDE - - - - - TOTAL 336,139,376 38,200,000 72,327,951 12,619,125 459,286,452 * New Loans include Pending Commitments, Anticipated Fundings, and Outstanding Balance to be Funded on Direct Loans (Does not include OREO or PPF Loans) SOUTHEAST 43% NEW LOANS IN PROCESS SOUTHWEST 0% ANCHORAGE 34% NORTHERN 8% OUTSTANDING PARTICIPATIONS SOUTHEAST 16% SOUTHWEST 2% ANCHORAGE 51% SOUTHEAST 20% NORTHERN 6% COMBINED NEW & OUTSTANDING SOUTHWEST 1% ANCHORAGE 46% MAT SU 15% MAT SU 22% INTERIOR GULFCOAST 0% 1% MAT SU 16% INTERIOR 2% GULFCOAST 5% INTERIOR 2% GULFCOAST 10%
INDUSTRY DIVERSITY OF PARTICIPATION & DIRECT LOANS OUTSTANDING BALANCES & NEW ACTIVITY INDUSTRY SECTOR LOAN PARTICIPATIONS DIRECT LOANS BALANCE NEW LOANS* IN PROCESS NEW APPLICATIONS IN PROCESS TOTAL AIRCRAFT 1,582,541-6,390,000-7,972,541 BUSINESS CONDOMINIUMS 7,030,177 - - - 7,030,177 CAR WASH 7,910,374 - - - 7,910,374 RESTAURANT 1.3% RECREATION 3.7% RETAIL 19.2% COMBINED NEW & OUTSTANDING BALANCES EQUIPMENT 65,422-2,412,185-2,477,607 FUEL DISTRIBUTION 8,476,392 - - - 8,476,392 HANGAR 10,286,536 - - - 10,286,536 HEALTHCARE 11,302,839 8,200,000 10,909,086 3,600,000 34,011,925 MANUFACTURING 2,008,585 - - - 2,008,585 MARITIME - - - - - OIL & GAS SUPPORT 10.7% TOURISM 12.6% VESSEL 3.1% MINING - - - - - OFFICE 70,297,559-12,307,500 5,040,000 87,645,059 OIL & GAS - - - OIL & GAS SUPPORT 19,182,793 30,000,000 - - 49,182,793 OIL & GAS 0.0% WAREHOUSE OFFICE 7.6% RECREATION 10,061,287-7,119,840-17,181,127 RESOURCE EXTRACTION - - - - - RESTAURANT 5,784,229 - - - 5,784,229 RETAIL 76,017,940-11,967,750-87,985,690 TOURISM 37,670,180-20,000,000-57,670,180 VESSEL 13,611,011-677,990-14,289,001 WAREHOUSE - OFFICE 31,353,611-543,600 2,916,000 34,813,211 WAREHOUSE - SHOP 10,993,926 - - 1,063,125 12,057,051 WASTE WATER 12,503,972 - - - 12,503,972 TOTALS 336,139,376 38,200,000 72,327,951 12,619,125 459,286,452 * New Loans include Pending Commitments, Anticipated Fundings, and Outstanding Balance to be Funded on Direct Loans (Does not include OREO or PPF Loans) OFFICE 19.1% MANUFACTURING 0.5% HEALTHCARE 1.5% HANGAR 3.5% FUEL DISTRIBUTION 1.8% EQUIPMENT.4% WAREHOUSE SHOP 2.6% WASTE WATER 2.7% AIRCRAFT.1% BUSINESS CONDOMINIUMS 1.5% CAR WASH 1.7%
INDUSTRY DIVERSITY OF CAPACITY PROJECTS OUTSTANDING BALANCES & NEW ACTIVITY INDUSTRY SECTOR EXISTING PROJECTS APPROVED PROJECTS TOTAL AIRCRAFT - - - BUSINESS CONDOMINIUMS - - - CAR WASH - - - EQUIPMENT - - - FUEL DISTRIBUTION 54,000,000-54,000,000 HANGAR - - - HEALTHCARE - - - MANUFACTURING - - - MARITIME 75,836,781-75,836,781 MINING 148,585,504-148,585,504 WAREHOUSE - OFFICE - - - OIL & GAS 57,705,455 2,154,093 59,859,548 OFFICE 13,672,787-13,672,787 OIL & GAS SUPPORT - - - RECREATION - - - RESOURCE EXTRACTION - - - RESTAURANT - - - RETAIL - - - TOURISM - - - VESSEL - - - WAREHOUSE - SHOP - - - WASTE WATER - - - TOTALS 349,800,526 2,154,093 351,954,619 MINING 42.2% MARITIME 21.5% COMPLETED AND APPROVED CAPACITY PROJECTS HANGAR 0.0% OIL & GAS 17.0% FUEL DISTRIBUTION 15.3% OFFICE 3.9%
INDUSTRY DIVERSITY OF COMBINED CAPACITY PROJECTS and LOANS EXISTING AND APPROVED PROJECTS AND LOANS INDUSTRY SECTOR PROJECTS LOANS TOTAL AIRCRAFT 7,972,541 7,972,541 BUSINESS CONDOMINIUMS 7,030,177 7,030,177 CAR WASH 7,910,374 7,910,374 EQUIPMENT 2,477,607 2,477,607 FUEL DISTRIBUTION 54,000,000 8,476,392 62,476,392 HANGAR 10,286,536 10,286,536 HEALTHCARE 30,411,925 30,411,925 MANUFACTURING 2,008,585 2,008,585 MARITIME 75,836,781 75,836,781 MINING 148,585,504 148,585,504 OFFICE 13,672,787 82,605,059 96,277,846 OIL & GAS 59,859,548 59,859,548 OIL & GAS SUPPORT 49,182,793 49,182,793 RECREATION 17,181,127 17,181,127 RESOURCE EXTRACTION RESTAURANT 5,784,229 5,784,229 RETAIL 87,985,690 87,985,690 TOURISM 57,670,180 57,670,180 VESSEL 14,289,001 14,289,001 WAREHOUSE OFFICE 31,897,211 31,897,211 WAREHOUSE SHOP 10,993,926 10,993,926 WASTE WATER 12,503,972 12,503,972 TOTALS 351,954,619 446,667,326 798,621,943 TOTAL EXISTING AND APPROVED CAPACITY PROJECTS AND LOANS AS OF SEPTEMBER 30, 2016 OFFICE 12.1% MINING 18.6% MARITIME 9.5% MANUFACTURING 0.3% HEALTHCARE 3.8% HANGAR 1.3% OIL & GAS 7.5% FUEL DISTRIBUTION 7.8% OIL & GAS SUPPORT 6.2% CAR WASH 1.0% RECREATION 2.2% RETAIL 11.0% TOURISM 7.2% BUSINESS CONDOMINIUMS 0.9% RESTAURANT 0.7% VESSEL 1.8% WAREHOUSE OFFICE 4.0% WAREHOUSE SHOP 1.4% WASTE WATER 1.6%
SUMMARY OF LOAN AND CAPACITY PROJECTS OUTSTANDING BALANCES & AGENDA ITEMS $200,000,000 REVOLVING FUND "LOANS" AND "CAPACITY PROJECTS" AT NBV + APPROVED PROJECTS AND LOANS BY INDUSTRY + FUNDING REQUESTS ON OCTOBER 27, 2016 AGENDA $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 Projects on Agenda Loans on Agenda Balance on Approved Projects Balance on Approved Loans Projects Loans $40,000,000 $20,000,000 $0
SETS LOANS TOTAL APPROVED & AMOUNTS OUTSTANDING TOTAL FUND ACTIVITY BUSINESS NAME PROJECT DESCRIPTION REGION CITY CODE INDUSTRY PERMANENT JOBS TEMPORARY JOBS AMOUNT OUTSTANDING TOTAL LOAN AMOUNT SETS LOANS FUNDED FAIRBANKS NATURAL GAS LLC (LOC) GAS DISTRIBUTION SYSTEM INTERIOR FAIRBANKS FUELDIST 5 100 14,670,291 15,000,000 INTERIOR ALASKA NATURAL GAS UTILITY DBA IGU (LOC) DEVELOPMENT OF GAS DISTRIBUTION SYSTEM INTERIOR FAIRBANKS FUELDIST 5 24 29,689,476 37,780,000 SETS LOANS FUNDED: 10 124 44,359,767 52,780,000 Loan Amounts Drawn for Construction Total Amounts of SETS Loans Committed Millions 40 35 30 30 m 38 m 15,000,000 25 20 15 10 15 m 15 m 5 37,780,000 FAIRBANKS NATURAL GAS LLC (LOC) INTERIOR ALASKA NATURAL GAS UTILITY DBA IGU (LOC) AMOUNT OUTSTANDING TOTAL LOAN AMOUNT FAIRBANKS NATURAL GAS LLC (LOC) INTERIOR ALASKA NATURAL GAS UTILITY DBA IGU (LOC) Direct Jobs Created or Retained 120 100 100 80 60 40 20 24 5 5 FAIRBANKS NATURAL GAS LLC (LOC) INTERIOR ALASKA NATURAL GAS UTILITY DBA IGU (LOC) PERMANENT JOBS TEMPORARY JOBS
AIDEA Loans Funded & Jobs Supported as a Result of Loan Participations 7/1/16-9/30/16 for the 10/27/2016 Board Meeting Applicant Name Originator Total Amount AIDEA Portion Funded Construction Jobs Supported SOUTHEAST FURNITURE WAREHOUSE, INC. FIRST BANK $795,000 $636,000 7/6/16 0 0 ERICKSON INVESTMENTS, LLC FIRST NATIONAL BANK ALASKA $2,700,000 $2,430,000 7/6/16 0 60 CRESCENT KEY, INC. FIRST BANK $4,437,750 $3,993,975 7/20/16 0 0 8300 HOMER HOLDINGS, LLC NORTHRIM BANK $1,702,500 $1,532,000 7/26/16 65 20 THE DUANE & EUNICE HEDRICK 2006 TRUST NORTHRIM BANK $848,000 $763,200 7/26/16 0 1 INGRIM JR, WILLIAM PAUL FIRST NATIONAL BANK ALASKA $521,000 $468,900 8/19/16 0 0 YUK, JAY & HEE FIRST NATIONAL BANK ALASKA $1,500,000 $1,350,000 8/19/16 0 0 CITY CENTER WASILLA, LLC FIRST NATIONAL BANK ALASKA $1,200,000 $1,080,000 9/1/16 0 0 MAGNUM OPUS ENTERPRISES, LLC FIRST NATIONAL BANK ALASKA $678,750 $610,875 9/15/16 0 0 SENATE PROPERTIES, LLC FIRST BANK $1,882,229 $1,505,783 9/26/16 0 0 KETCHIKAN BEAR FALLS PROPERTY, LLC NORTHRIM BANK $1,023,266 $920,939 9/30/16 0 0 Permanent Jobs Supported Totals: $17,288,495 $15,291,672 65 81
AIDEA Anticipated Fundings as of : 09/30/2016 Applicant Name Originator AIDEA Portion Anticipated Funding Funding Expiration Date AIDEA Officer KALININ PARTNERS, LLC FIRST NATIONAL BANK ALASKA $6,390,000 10/5/2016 10/28/16 Leona Hakala DENALI MATERIALS, INC. FIRST NATIONAL BANK ALASKA $2,412,185 10/5/2016 12/27/16 Leona Hakala DANGER ISLAND, LLC FIRST BANK $543,600 10/15/2016 12/13/16 Leona Hakala BP INVESTMENT GROUP, LLC FIRST NATIONAL BANK ALASKA $1,350,000 10/15/2016 12/12/16 Leona Hakala O'MALLEY ICE AND SPORTS CENTER, LLC NORTHRIM BANK $7,119,840 10/15/2016 12/23/16 William S. Phelan CENTENNIAL PLAZA, LLC ALASKA USA FCU $1,575,000 10/15/2016 2/17/17 William S. Phelan WILLIAMS, INC. (R/E) NORTHRIM BANK $1,431,000 10/24/2016 10/24/16 Leona Hakala X'UNA KAAWU ANNEE CORPORATION (XKA) NORTHRIM BANK $20,000,000 10/26/2016 10/26/16 William S. Phelan WESTDAHL, LLC NORTHRIM BANK $6,297,750 11/30/2016 10/24/16 Leona Hakala WILLIAMS, INC. (EQUIP) NORTHRIM BANK $2,889,000 12/5/2016 12/5/16 Leona Hakala MERIDIAN PARK MOB, LLC FIRST NATIONAL BANK ALASKA $7,020,000 12/20/2016 4/17/17 Leona Hakala SUPPORT VESSELS OF ALASKA, INC. FIRST NATIONAL BANK ALASKA $407,990 3/20/2017 3/20/17 Leona Hakala Q105, LLC FIRST NATIONAL BANK ALASKA $270,000 3/20/2017 3/20/17 Leona Hakala OLD SCHOOL 1925, LLC NORTHRIM BANK $2,133,000 3/21/2017 3/21/17 Leona Hakala HARREN, R. & CHAPELLE, M. FIRST NATIONAL BANK ALASKA $2,295,000 7/23/2017 7/23/17 William S. Phelan NEISH INVESTMENTS, LLC NORTHRIM BANK $1,756,086 8/8/2017 8/8/17 William S. Phelan Grand Total: $63,890,451 10/6/2016 Page 1 of 1
AIDEA Pending Applications for Participation as of: 09/30/2016 Applicant Name Date Received AIDEA Portion Total Loan Amount Project Description Originator AIDEA Officer HCH, INC. 8/15/16 $576,000 $640,000 REFI COMMERCIAL R/E FIRST NATIONAL BANK ALASKA William S. Phelan JUNEAU I, LLC 7/5/16 $5,040,000 $5,600,000 REFI COMMERCIAL OFFICE BUILDING NORTHRIM BANK Leona Hakala SPUR DEVELOPMENT, LLC 9/2/16 $3,600,000 $4,000,000 REFI COMMERCIAL BUILDING NORTHRIM BANK Leona Hakala SANDVENTURE, LLC 9/19/16 $1,063,125 $1,181,250 JIFFY LUBE NORTHRIM BANK Leona Hakala EKLUTNA 5TH AVENUE PROPERTIES, LLC 9/23/16 $2,340,000 $2,600,000 REFI OFFICE/WAREHOUSE BLDG NORTHRIM BANK William S. Phelan Grand Total: $12,619,125 $14,021,250 10/6/2016 Page 1 of 1
AIDEA Pending Commitments For Participation as of: 09/30/2016 Applicant Name Date Received AIDEA Portion Commitment Due Originator L o a n AIDEA Officer ALEUTIAN PRIBILOF ISLANDS ASSOCIATION, INC 8/11/16 $8,437,500 10/6/16 FIRST NATIONAL BANK ALASKA Leona Hakala Grand Total: $8,437,500 10/6/2016 Page 1 of 1
ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY Delinquencies to Outstandings For Fiscal Year 2017 Historical Delinquency (Total Portfolio) Total % of Delinquent Portfolio Loans Delinquent Portfolio Loans Loans to 12-Month FYE Balance Delinquent Loans Balance Delinquent Portfolio Rolling 6/30/2000 $227,615,585 $5,698,987 2.50% Date $ $ Balance Average 6/30/2001 $208,094,608 $3,249,730 1.56% 7/31/2016 351,916,934 0 0.00% 0.21% 6/30/2002 $209,974,246 $4,892,365 2.33% 8/31/2016 350,488,710 0 0.00% 0.17% 6/30/2003 $223,265,696 $12,230,962 5.48% 9/30/2016 352,491,602 231,727 0.07% 0.13% 6/30/2004 $276,365,031 $4,131,900 1.50% 10/31/2016 6/30/2005 $332,067,524 $888,355 0.27% 11/30/2016 6/30/2006 $361,467,739 $1,206,256 0.33% 12/31/2016 6/30/2007 $385,155,721 $4,427,029 1.15% 1/31/2017 6/30/2008 $381,761,976 $2,490,306 0.65% 2/29/2017 6/30/2009 $368,208,744 $3,552,607 0.96% 3/31/2017 6/30/2010 $377,656,960 $3,365,986 0.89% 4/30/2017 6/30/2011 $480,691,556 $3,127,860 0.65% 5/31/2017 6/30/2012 $468,824,508 $516,304 0.11% 6/30/2017 6/30/2013 $433,091,518 $2,222,280 0.51% 6/30/2014 $376,034,203 $1,474,681 0.39% 6/30/2015 $363,529,415 $1,703,086 0.47% All Alaska Bank Delinquencies 6/30/2016 $349,829,514 $0 0.00% (including nonaccrual) Delinquency FYE Rate 6/30/2006 2.55% 6/30/2007 3.73% 6/30/2008 6.35% 6/30/2009 4.97% 6/30/2010 3.27% 6/30/2011 2.73% 6/30/2012 2.22% 6/30/2013 1.82% 6/30/2014 0.79% * This is the most current information available 6/30/2015 0.78% through Banking and Securites (as of 9/30/16). *6/30/2016 1.04% These percentages do not include national banks such as Wells Fargo and KeyBank. 10/10/2016
Pre-development Projects: Transactions Through: Arctic Port & Harbor Development Ambler Access Road Mustang Field Access Road Port Mackenzie Development Shoreline Resources Dredging System Interior Energy Project Blue Crest Energy Seward Marine Industrial Center Unallocated Totals: Financial Activity Report for Resolution No. G11-18 10/12/2016 FY 2013 FY 2014 FY 2015 FY 2016 Project Budget Total Total Total Total Committed Encumbered Expended Total Grand Total Balance Uncommitted 174,346.65 147,322.98 27,023.67 - - - - - - 174,346.65-72,174.56 29,000.00 43,174.56 - - - - - - 72,174.56-24,645.20 24,645.20 - - - - - - - 24,645.20-27,860.25 26,899.41 960.84 - - - - - - 27,860.25-10,817.60 10,817.60 - - - - - - - 10,817.60-602,725.65 566,658.65 36,067.00 - - - - - - 602,725.65-18,052.79 - - 38,052.79 (20,000.00) - - - - 18,052.79-87,000.00 - - 30,551.99 56,431.53 - - - - 86,983.52 16.48 482,377.30 - - - - - - - - - 482,377.30 $ 1,500,000.00 $ 805,343.84 $ 107,226.07 $ 68,604.78 $ 36,431.53 $ - $ - $ - $ - $ 1,017,606.22 $ 482,393.78 $ 1,500,000.00 FY 2017
Status Reports - Resolution No. G11-18 Blue Crest Energy - SOT Under a cost sharing agreement with BlueCrest, AIDEA completed Pre Feasibility Studies related to the potential oil and gas development from the Cosmopolitan leases. Three primary studies were completed that provided the foundation for AIDEA s potential investment in the development. These included: (1) Technical/Financial Review of BlueCrest, (2) Engineering and Project Cost/Schedule Review, and (3) Geological and Oil/Gas Reserves Analysis. These studies are complete and were used as a portion of the due diligence activities for the direct project financing loan that AIDEA authorized under Board Resolution G15 04. These studies may also provide information for other future investments. Under terms of the loan agreement, a partial reimbursement of AIDEA's cost sharing agreement expenditures was provided. Seward Marine Industrial Center - SMIC Under a cost sharing agreement with the City of Seward, AIDEA contracted with Arcadis to create a Business Plan for the development of the Seward Marine Industrial Center (SMIC). AIDEA initially contributed $75k with an additional $12k; the City of Seward contributed a total of $162k. Arcadis conducted interviews with current and potential stakeholders to understand the needs and opportunities for the uplands area of the SMIC. Arcadis organized a work session for stakeholders to discuss potential plans for the industrial area which was held in January 2016. The final business plan will be delivered in October 2016. The SMIC development may result in potential future investment opportunities for AIDEA.