Increase in Loan Originations
Loan originations are up 19.2% year-to-date compared to the same period last year, with business loan production under $2.5 million up 22.9%.
Expansion of Noninterest-Bearing Deposits
Noninterest-bearing deposits increased by $158.6 million or 8.6% quarter-over-quarter.
Improvements in Treasury Management and Loan Fees
Treasury management fee income increased 7% year-over-year, and loan and swap fees rose 62% during the same period.
Positive Trends in Net Interest Margin (NIM)
Net interest margin expanded by 4 basis points during the quarter to 3.65%.
Tangible Book Value Growth
Tangible book value grew sequentially to $33.95, marking the 12th consecutive quarter of growth.