Investor Presentaiton
NIM and Cost of Funds
5.00%
4.50%
4.00%
3.50%
3.31%
3.14%
3.00%
2.50%
4.56%
4.43%
4.17%
3.93%
3.59%
3.56%
2.00%
1.50%
1.79%
1.62%
1.16%
1.00%
0.55%
0.50%
0.29%
0.29%
0.27%
0.30%
0.00%
4Q'21
1Q'22
2Q'22
3Q'22
4Q'22
1Q'23
2Q'23
3Q'23.
Cost of Funds
NIM
IN
MRQ NIM of 3.56%, compared to 3.59% for
2Q'2023
Cost of funds of 1.79%, an increase of 17 bps
from the linked quarter and an increase of 149
bps from 3Q'2022
Total loan yield of 5.77% for 3Q'2023
MRQ yield on investment securities of 3.62%
Net loan to deposit ratio of 85.6% as of
September 30, 2023
1.
3Q'2022 net interest margin and loan yield were favorably impacted by a one-time recognition of $983,000 in loan interest and fee income collected from a nonaccrual real estate loan sold during the quarter.
2. 2Q'2022 net interest margin and loan yield were favorably impacted by a one-time recognition of $766,000 in prior period charged-off loan interest income collected on purchased credit impaired loans.
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