PAR Advisors is a firm that can help banks meet their Community Reinvestment Act (CRA) investment requirements. They source, underwrite, monitor and provide accounting for low-income housing tax credit investments to satisfy CRA exams. Using PAR Advisors reduces a bank's workload and ensures CRA investment goals are met. PAR Advisors was founded by R. Wayne Koehler, who has extensive experience developing and managing a large CRA investment portfolio at a previous institution.

1. What
PAR Advisors
Can Do For
You
R. Wayne Koehler
President
614.403.2242
wayne.koehler@PARadvisorsllc.com
www.PARadvisorsllc.com
Sept 12, 2009PAR Advisors Presentation

2. 2
CRA Investing
Based on the support the US Treasury has given
to banks recently, regulators are looking even
more closely at banks’ CRA investments
Banks need to meet CRA requirements or expect
to be written up on next CRA Exam

3. 3
CRA Investing
Investing in CRA qualified investments can be:
• Profitable
• Rewarding to your community
• Rewarding to your employees
• Uncomplicated
• Low risk

4. 4
CRA Investing
Common Bank Goals:
• Keep operating expenses manageable
• Increase net income year over year
• Preserve risk-based capital
• Meet CRA requirements
• Meet Safety & Soundness requirements
The right CRA investments can meet these goals

5. 5
No! A third party can:
• Perform all sourcing, underwriting and monitoring of investments to
meet CRA investment needs and obtain a Satisfactory or
Outstanding rating
• Generate a CRA report on each investment for the bank to submit
to the agency conducting the CRA Exam (OCC, FED, OTS, FDIC)
• Provide necessary documents to complete credit files to satisfy
Safety & Soundness exams
• Provide necessary accounting documentation to book and amortize
investments
Does a bank need to staff a department or a Community
Development Corporation to meet CRA investment goals?
CRA Investing

6. 6
CRA Investing
The OCC encourages multi-bank CDCs
• Fall 2008 Newsletter: Multi-bank CDCs –
Pooling Resources to Strengthen Communities
• OCC recognizes most banks do not have:
 Investment volume to fully staff a CDC
 Expertise to underwrite investments
 Expertise to monitor investments
 Dedicated accounting personnel to account for these
investments

7. 7
PAR Advisors is the firm to provide all of your
community investment needs to satisfy the CRA
Investment portion of your CRA Exam
• Only firm of its kind that represents banks for their CRA
investment needs
• Staffed by former bank CDC personnel with experience
in acquiring, underwriting, monitoring, and accounting
for LIHTC investments since 1994
• Staffed by personnel who grew a CRA investment
portfolio from $50 million under management to $1.4
billion in 9 years
• Exceeded profitability goals 7 out of 8 years
PAR Advisors

8. 8
Working with PAR Advisors will:
• Provide your institution with experts experienced in
running a CDC
• Provide a single source for all of your community
investment goals
• Reduce your accounting duties
• Reduce your corporate tax duties
PAR Advisors

9. 9
PAR Advisors provides:
• Investment opportunities in line with CRA Investment
goals for approval by your institution
• Asset management for any current CDC investments
• Regular management reporting:
 Quarterly CRA investment reports
 Quarterly accounting reports including updated benefit schedules
 Quarterly asset management reports including risk grading of all
investments
 Annual GAAP audited financial statements on funds
 Other reports as deemed appropriate
PAR Advisors

10. 10
PAR offers:
• Customized accounting solutions to fill the needs of your
organization
• Programs ranging from turn-key operations to on-call
accounting support agreements, scaled to fit your needs
• An expert staff equipped to serve you with accurate and
timely reporting
PAR Advisors

11. 11
PAR’s accounting staff:
• Is experienced with the intricacies of the Equity Method
of Accounting, the prescribed method of accounting for
tax credit financed investments
• Has developed proprietary schedules to provide
accurate and straight-forward reporting of the entries
required to properly account for your investments
• Can provide guidance related to FASB No. 46 –
Revised, Consolidation of Variable Interest Entities
• Can assist you with your annual impairment analysis to
insure your investments are properly recorded and
balances are supported
PAR Advisors

12. 12
Additional services/benefits available with PAR:
• Training for lenders and CRA staff on tax credits and
underwriting loans to tax credit projects
• Referrals for deposit and lending opportunities
• Assistance during CRA examinations
• Merger & acquisition evaluation on LIHTC portfolios of
acquired banks
PAR Advisors

13. 13
R. Wayne Koehler: President, PAR Advisors LLC
• Former President of Fifth Third Community Development Corp (9.5
years)
 Grew CDC from $50 million in assets to $1.4 billion
 2004 to 2008 - Compounded annual net income growth of 24%
 2000, 2002, 2004, 2006 – CRA Investment Test results
Outstanding from the Federal Reserve
 Over 300 investments in low income housing, historic and new
market tax credit investments underwritten, approved, and
closed
• Has spoken at numerous affordable housing industry conferences
and seminars on underwriting, CRA investing and monitoring
investments
PAR Advisors

14. 14
Questions, Comments……
R. Wayne Koehler
President
PAR Advisors LLC
229 Huber Village Blvd, Suite 210
Westerville, OH 43081
(614) 403-2242
wayne.koehler@PARadvisorsllc.com
PAR Advisors