Strong ROA Improvement
ROA improved to 1.46% from 1.32% a year ago, reflecting profitability improvement and progress on the organic growth plan.
Fee Income Growth
Fee income grew for the third consecutive quarter, totaling $106 million, an increase of 8% from the prior quarter, with record high investment in insurance and annuity fees.
Loan Production Increase
Loan production was strong, increasing 6% quarter over quarter and 46% from the same quarter last year, contributing to overall loan growth of $135 million or 2% annualized.
Capital Strength
Capital ratios remain strong with a TCE of 10.01% and common equity Tier one ratio of 14.08%. The company repurchased 662,000 shares of common stock.
Expansion in Dallas Market
Progress on opening five new locations in the Dallas market, with plans to open these branches either in late 2025 or early 2026.