Sponsor Support and Credit Quality
The quarter saw strong sponsor support with 41 loans reaching maturity being extended and modified, nearly $70 million of additional reserve deposits, $13.5 million in fees collected, and over $80 million of unscheduled paydowns.
CIB's Record Origination Growth
CIB originated nearly two dozen new relationships and upsized nearly a half dozen, showing record origination growth for the segment.
Successful Resolution of Foreclosed Assets
The sale of the Lincoln Yards land in Chicago at book value and the expected neutral to positive gains on two other largest OREO assets under contract reflect effective asset management.
Multifamily and Office Leasing Strength
Strong performance in the multifamily sector, with improved lease activity in both office and industrial spaces.
Strategic Focus on CIB for Growth
CIB is expected to carry the growth baton, contributing significantly to the loan book with more diversified and high-quality originations.