The group's principal activities are to originate, sell and service loans to businesses secured by real estate and other business assets. The group operates through three segments: loan origination, servicing and treasury and funding. The loan origination segment originates business purpose loans secured by real estate and other business assets, home equity loans and loans secured by one-to-four family residential real estate. The servicing segment services the loans and leases originated by the group. This segment includes billing and collecting payments from borrowers, transmitting payments to trust investors, accounting for principal and interest, collections and foreclosure activities. The treasury and funding segment offers subordinated debt securities to obtain funds for the group's operating and lending activities.
