2nd Quarter 2021 Investor Presentation
Net Interest Income
$ in millions
2020
2021
2021 SCHEDULED ACCRETION
Q2
Q3
Q4
Q1
Q2
Loan Yield(1)
4.84% 4.54% 4.74% 4.75%
4.73%
Q1 (Actual)
$6.6
Core Loan Yield (1)(2)
Security Yield(1)
4.52% 4.29% 4.47%
2.50% 2.60% 2.48%
4.53%
4.54%
2.36%
1.97%
Q2 (Actual)
$5.6
Cost of Interest Bearing Deposits
0.59%
0.54% 0.47%
0.41%
0.32%
Cost of Deposits
0.44%
0.39% 0.34%
0.30%
0.24%
Q3 (Estimated)
$2.2
Cost of Borrowed Funds
1.84%
1.85% 1.88% 1.91%
1.97%
Net Interest Margin (1)
3.42%
Core Net Interest Margin (1)(2)
3.18%
3.21% 3.22% 2.99% 2.89%
3.02% 3.04% 2.86% 2.78%
Q4 (Estimated)
$2.0
FY21 (Estimated)
$16.4
Fed Funds Target Rate
0.25%
0.25% 0.25% 0.25% 0.25%
$120
$114
$100
$80
$60
$77
HISTORICAL LOAN DISCOUNT BALANCE & ACCRETION INCOME
$89
887
$87
$40
$40
$38
$20
$56
$46
$36
$28
$24
$49
$41
$35
440
$42
$28
$-
$12
2013
2014
2015
2016
2017
2018
2019
2020
1H21
■Loan Discount Balance
Accretion Income
F
(1) Fully tax equivalent using an effective tax rate of 26.135%.
(2) Non-GAAP measure that management believes aids in the discussion of results. See Appendix for Non-GAAP reconciliation.
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