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PPP Loans and Capital

PPP Loans and Capital
Jul 15, 2025 4:18:18 PM

That is the way I am interpreting. 
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------Original Message------

I have read the guidance from the regulatory agencies and it appears that we can exclude PPP loans from our average assets if we take an advance against the loans from the Federal Reserve using their PPPL program.  If you do not use the Federal Reserve to fund your PPP loans or only fund a portion of the loans through the Federal Reserve, then do you include the unpledged loans in your average assets?

Thanks,

Tim​

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Timothy Foreman
CFO
Axiom Bank, National Association
Maitland FL
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