Strong Loan Growth
Loan growth was approximately $170 million or 2.6% in the third quarter, with year-to-date growth of over $750 million or more than 12%.
Robust Deposit Growth
Core deposits were up approximately $280 million or 4.1% in the quarter, with year-to-date growth of over $1 billion or 18%.
Net Interest Margin Expansion
The net interest margin increased 5 basis points to 3.88%, marking the eighth consecutive quarter of margin expansion.
Introduction of AI Strategy
The bank launched an AI strategy and hired its first AI Director, indicating a commitment to innovation and future growth.
Shareholder Returns
Board approved a $50 million share repurchase program and payment of the first common stock dividend.