Investor Presentaiton
Growth in Net Interest Margin
Core NIM1 vs NIM
3.29%
3.18%
3.12%
3.06%
2.99%
2.93%
2.89%
2.81%
2.75%
2.73%
Q2-21
Q3-21
Q4-21
Q1-22
Q2-22
NIM
Core NIM
Q2-22 NIM Bridge
3.18%
(0.03)%
0.08%
0.06%
3.29%
Q1-22 NIM
Purchase
accounting impact
11
Impact of
prepayment fees
Rate environment,
change in balances
and funding mix,
and other, net
Q2-22 NIM
(1) Core NIM excludes purchase accounting and prepayment fee income. Refer to the Earnings Release for additional information.
Tailwinds
Asset-sensitive balance sheet well-positioned for
rising interest rates.
■ Average loan growth since Q4-21 totaled
~$414MM and the loan pipeline of $385MM
remains strong at June 30, 2022. In addition, end
of period loan balances are $176MM higher than
average balances for the quarter.
Headwinds
Competitive market environment as peers
compete on rate for quality credit.
Maintaining a healthy loan-to-deposit ratio while
remaining disciplined on deposit pricing and
managing funding costs.
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