Strong Organic Growth
The company experienced significant organic growth in both loan and deposit portfolios, positioning the bank well with strong capital ratios.
High Single-Digit Loan Growth Expected
The company expects high single-digit year-over-year loan growth, with a strong current pipeline despite potential lumpy paydowns.
Robust Loan Fee Income
Loan fee income has been strong, representing about 40 basis points of the margin, driven by successful efforts from the sales team.
Stable Credit Trends
Credit performance was strong, with benign migrations in the criticized or classified assets, and overall very neutral to slightly positive credit trends.