Increased Net Income
Atrium generated net income of $11.9 million in the third quarter, an increase of 2.5% over the prior year.
Earnings Per Share Exceeds Dividend
Basic and fully diluted earnings per share was $0.25 for the quarter, exceeding the fixed dividend of $0.2325 per share.
Portfolio Growth
The mortgage portfolio increased to $917.3 million from $886.7 million at December 31, 2024.
Increase in Credit Facility
Atrium exercised its right to increase its credit facility by $40 million to $380 million.
Strong Loan Production
Loan advances were $63 million in the quarter and $287 million for the first 3 quarters of 2025, more than 23% ahead of last year's loan production.
Stable Loan-to-Value Ratio
The average loan-to-value ratio decreased slightly to 60.8%, within the desired range of 65%.