The Ledger Community banks build loans The red-hot construction market continues to thrive. And smaller financial institutions have driven construction lending in recent years, boosting their share of the loan market. Post-recession construction lending remains high $300 $400 $500 $600 $100 $200 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 FORECASTED Percentage of construction loans made by community banks 2015 2016 2017 2018 through Q2 10 20 30 40 23% 30% 37% 33% Where was construction booming in 2018? 13-year average: $313 billion Multifamily Dallas saw 4,734 units added. Retail New York City saw 327,000 square feet built. Office San Francisco saw 1.4 million more square feet. independentbanker.org Q 11 U.S. commercial real estate transactions (billions) Source: Construction Lender Risk Managment, The Journal 2019http://www.independentbanker.org