Investor Presentaiton
Net Interest Revenue / Margin
$ in millions
Net Interest Revenue & Net Interest Margin
$209.9
$199.8
3.57%
3.76%
$137.6
3.74%
3.53%
2.81%
2.66%
4Q21
I Net Interest Revenue
3Q22
Net Interest Margin
(1)
4Q22
(2)
Core Net Interest Margin
0.01%
3.57%
4Q22 NIM Expansion
0.20%
(1)
Net interest revenue increased $10.1 million from 3Q22, or 20%
annualized
Net interest margin increased 19 bps from 3Q22, primarily
driven by increased interest rates
Core net interest margin of 3.74%, which excluded purchased
loan accretion
Purchased loan accretion totaled $1.3 million and contributed 2
bps to the margin, down 2 bps from 3Q22
Approximately $5.3 billion or 35% of total loans are floating rate
with another $1.9 billion that will adjust beyond one year
25% of securities were variable rate, of which 19% is floating or
reprices within one year
Yields & Costs
5.22%
(0.02%)
3.76%
4.71%
4.33%
4.18%
4.18%
다
3.76%
3.57%
3.19%
ㅁ
2.97%
2.81%
□
2.44%
2.15%
1.81%
1.46%
1.55%
□
0.96%
0.44%
0.22%
0.22%
0.26%
ㅁ
□
4Q21
1Q22
2Q22
3Q22
4Q22
3Q22 NIM
Mix Change
Higher Interest Loan Accretion
4Q22 NIM
-Loan Yield
-NIM
-Securities Yield
-Cost of IBL
Rates
(1) Net interest margin is calculated on a fully-taxable equivalent basis
(2) Core net interest margin excludes PPP fees and purchased loan accretion
14 U
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