Investor Presentaiton
3Q'2023 Highlights
Earnings
Balance Sheet
Profitability
&
Performance
IN
Net income of $2.5 million compared to $2.6 million for the linked quarter, and $3.1 million for 3Q'2022
Earnings per share of $0.21 compared to $0.22 for the linked quarter, and $0.27 for 3Q'2022
Quarterly PPNR¹ of $3.2 million, compared to $3.4 million for the linked quarter, and $5.4 million for 3Q'2022
Loans held for investment (“HFI”) increased $4.0 million, or 0.4%, compared to the linked quarter, and increased
$104.6 million, or 13.1%, compared to the same quarter in 2022
Total deposits decreased $15.4 million, or 1.5%, compared to the linked quarter, and decreased $12.4 million, or
1.2%, compared to the same quarter in 2022
Return on average assets was 0.77%, compared to 0.81% for the linked quarter and 1.01% for 3Q'2022
Net interest margin was 3.56%, compared to 3.59% for the linked quarter and 4.56% for 3Q'2022
Funding costs increased to 1.79%, compared to 1.62% for the linked quarter and 0.30% for 3Q'2022
Core efficiency ratio¹ was 70.0%, compared to 68.1% for the linked quarter and 58.7% for 3Q'2022
1.
PPNR and Core Efficiency Ratio are non-GAAP measures, see reconciliation table elsewhere in this presentation
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