Strong Loan and Deposit Growth
The company experienced strong loan and deposit growth, credited to the talented group of bankers. Loan growth in particular was highlighted as strong, with Q1 being strong and Q2 slightly stronger.
Maintained High Net Interest Margin (NIM)
The company maintained its NIM on the higher end of its historical range, which contributed to strong core earnings.
High-Quality Credit Portfolio
The company is very comfortable with asset quality, maintaining a high-quality credit book while growing the portfolio.
Continued Strong Performance in Key Markets
Performance in Oklahoma and Texas was described as economically strong, contributing to a robust deal pipeline.
Improved Recovery on Oil and Gas Assets
The company has recovered 75% of its cash outlay from oil and gas assets, up from 68% at the end of the last quarter, with full recovery expected by mid-next year.