$75 Million Commercial Real Estate and C&I Loan Sale

October 31, 2022

First Financial Network, Inc. (FFN) is pleased to announce that due diligence is now available for the 4Q2022 Quarterly Loan Sale Event. The sale currently consists of 63 loans being offered on behalf of five sellers. FFN anticipates additional loans being added this week and will distribute an email notification once available.

Highlights

Performing: 97.67%
Non-Performing: 2.33%
Collateral Concentrations
Office: 57.85%
Retail: 17.64%
Hospitality: 13.43%
Residential: 4.59%
Multifamily: 3.72%
Industrial: 1.64%
Mixed CRE: 0.38%
C&I: 0.35%
Land: 0.31%
Unsecured: 0.09%

Collateral Locations

Nationwide with concentrations in North Carolina, Massachusetts and New York

WAC: 5.22%
WAM: 27.28

Key Dates

Due Diligence Begins: October 31, 2022
Bid Date: December 6, 2022 by 12 PM CT
Closing: December 15, 2022

Sale Access & Questions

To request access to the Quarterly Loan Sale Event, please log into your FFN account at ffncorp.com and select 4Q2022.

For questions regarding the offering please contact FFN's Investor Relations Team at 405.748.4100 or at ir@ffncorp.com.