Financials
Capital Impact Partners and Subsidiaries |
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2013 (AS OF DECEMBER 31) AND 2012 |
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| 2013 | 2012 | |
| Assets | ||
| Cash and cash equivalents - unrestricted | $16,824,376 | $11,301,781 |
| Cash and cash equivalents - restricted | 35,530,070 | 34,900,973 |
| Accounts and interest receivable | 2,559,694 | 3,292,379 |
| Contributions receivable | 7,174,778 | 1,179,363 |
| Investments | 4,623,745 | 4,571,409 |
| Investment in joint venture | 2,661,129 | 2,647,181 |
| Loans receivable | 159,897,403 | 143,904,975 |
| Less: allowance for loan losses | (8,915,755) | (9,114,558) |
| Loans receivable, net | 150,981,648 | 134,790,417 |
| Loans receivable - subsidiaries | 36,709,530 | 41,474,750 |
| Other real estate owned, net of valuation allowance of $0 and $570,178 in 2013 and 2012, respectively | 394,929 | 1,313,330 |
| Other assets | 3,256,266 | 2,530,456 |
| Total assets | $260,716,165 | $238,002,039 |
| Liabilities and Net Assets | ||
| Liabilities | ||
| Accounts payable and accrued expenses | 2,917,710 | 3,614,878 |
| Revolving line of credit | 21,000,000 | 7,500,000 |
| Notes payable | 62,363,844 | 51,102,851 |
| Subordinated debt | 8,218,000 | 8,218,000 |
| Notes payable - subsidiaries (Note 12) | 36,729,152 | 41,491,344 |
| Total liabilities | 131,228,706 | 111,927,073 |
| Commitments and Contingencies (Notes 15 and 16) | ||
| Net Assets | ||
| Unrestricted | 79,215,513 | 79,024,200 |
| Temporarily restricted | 48,784,471 | 45,478,724 |
| Permanently restricted | 1,487,475 | 1,572,042 |
| Total net assets | 129,487,459 | 126,074,966 |
| Total liabilities and net assets | $260,716,165 | $238,002,039 |
Key Performance Indicators
| TOTAL DISBURSEMENTS | |||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| On B/S | 45 | 33 | 33.7 | 69.1 | 86.6 | 61 | 32.4 | 62.4 | 58.8 |
| 71.1 | 105.1 | 136.7 | 208.2 | 147.6 | 195.8 | 153.1 | 124 | 106.6 | |
| TOTAL LOANS OUTSTANDING | |||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| Capital Impact Partners | 79.8 | 68.9 | 67 | 86.1 | 114.8 | 136.5 | 139.1 | 144 | 160.335 |
| Managed | 111.5 | 161.7 | 298.8 | 427.9 | 503.6 | 610.8 | 735.6 | 786.6 | 752.068 |
| Total All | 191.3 | 230.6 | 365.8 | 514 | 618.4 | 747.3 | 874.7 | 930.6 | 912.403 |
| CREDIT QUALITY | |||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | |
| Non-Performing | 1.50% | 1.50% | 2.00% | 2.60% | 2.80% | 2.70% | 4.00% | 3.20% | 1.30% |
| D30 | 0.70% | 4.80% | 2.60% | 0.70% | 0.10% | 0.10% | 0.30% | 0.20% | 0.30% |
| D60 | 0.00% | 0.70% | 0.60% | 0.60% | 2.20% | 0.60% | 0.10% | 0.40% | 0.20% |
| Alowance for LLR (%of Total Loans) | 7.10% | 8.00% | 7.50% | 6.40% | 5.70% | 5.80% | 6.50% | 6.30% | 5.60% |
