Investor Presentaiton
$ in Thousands
Building Scale and Improving Efficiency
Assets per Employee and Core NIE to Assets
$8,500
3.00%
100%
90%
83.4%
76.9%
$8,000
2.90%
80%
2.84%
$7,729
70%
$7,500
2.80%
60%
50%
$7,000
$6,500
$6,595
T
2.70%
40%
2.64%
30%
2.60%
20%
10%
$6,000
4Q'21
1Q'22
2Q'22
3Q'22
4Q'22
1Q'23
I Assets per Employee
Core Noninterest Expense to Average Assets
2.50%
0%
2Q'23
3Q'23
4Q'21
1Q'22
2Q'22
Efficiency Ratio
3Q'22
4Q'22
IN
73.4%
70.0%
1Q'23
2Q'23
3Q'23
Efficiency Ratio Core Efficiency Ratio
The Company continues to realize the benefit of scale and operational leverage, which is improving efficiency and profitability.
Core noninterest expense ("NIE") and core efficiency ratio excludes intangible amortization and M&A expense. There were no
M&A expenses in 1Q'23, 2Q'23 or 30'23.
1.
Core noninterest expense, efficiency ratio, and core efficiency ratio are non-GAAP measures, see reconciliation tables elsewhere in this presentation
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