Increase in Net Income
Reported net income of $13.2 million or $0.68 per share, an increase from $12.2 million or $0.63 per share in the previous quarter.
Growth in Net Interest Income
Net interest income was $37.2 million, up by $763,000 or 2% on a linked quarter basis.
Strong Mortgage Banking Revenue
Mortgage banking revenues increased by 32% to $3 million, with the mortgage pipeline at $102 million, up by 7% from the end of March.
Increase in Wealth Management Revenues
Wealth management revenues were $10.1 million, up by $229,000 or 2%.
Loan and Deposit Growth
Total loans were up by $44 million or 1%, and in-market deposits increased by $30 million or 1% from the end of the first quarter.