Corporate Strategy and Financial Performance
Year to Date Financial Highlights
$11.1 Million
Net Income (1)
$1.68
Diluted EPS (1)
11
*
1.26% 17.88* 3.46%
ROAA (1)
ROATCE(1)
NIM
Total assets increased by $22.6 million, or 1.3% compared to December 31, 2021
Consolidated net income (1) of $11.1 million for six months end June 30, 2022 compared to $10.4
million for six months ended June 30, 2021; pre-provision net revenue of $15.0 million compared to
$14.4 million, respectively
■ Net interest income, on a non-GAAP, FTE basis* increased by 9.1% in first six months of 2022
compared to the first six months of 2021, driven by stable interest income and a 55% decrease in
interest expense
■ The ratio of the allowance for loan losses ("ALL") to loans outstanding was 1.28% at June 30, 2022
compared to 1.38% at December 31, 2021
■ Transferred approximately $139.0 million, fair value, of available for sale securities to held to
maturity in first quarter of 2022
Efficiency ratio of 57.94% (1), expense savings and efficiencies continue to be primary focus; Bank
is poised for upside earnings in a rising interest rate environment
11
(1) See Appendix for a reconciliation of these non-GAAP financial measure
2Q2022 AnnualizedView entire presentation