The net interest margin increased to 2.98% for the second quarter of 2025 compared to 2.95% for the prior quarter; and The Company’s Common Equity Tier 1 Ratio increased to 11.25% at the end of the second quarter. Stuart Lubow, President and Chief Executive Officer of the Company, stated, “As we continue to execute on our growth plan, we were pleased with the solid growth in core deposits, business loans, net interest margin and capital ratios. We had an active second quarter from a recruiting standpoint, which will aid us in the years ahead as we diversify our balance sheet and continue to take market share. Of note, and recognizing the progress we have made in creating a high quality balance sheet, Kroll Bond Rating Agency revised our outlook from “Stable” to “Positive” in the month of June.”
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