Q2 Quarter 2023
Q2 23 Key Takeaways
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2
Extensive progress completed on Better Bank Initiative during the quarter. On
track to meet or exceed estimated annual cost savings that have been identified
to date by the end of 2023
Balance sheet optimization driven by disciplined loan growth and utilization of
maturities from securities portfolio as a funding source. Deposit growth further
reflects measures instituted to defend our core deposit franchise
3 Credit quality metrics continue to reflect our conservative risk profile and
prudent underwriting standards. Allowance to loan ratio of 1.25%, net charge-off
ratio of 4 basis points and nonperforming assets to total assets of 0.28%
4
Maintained strong capital and liquidity positions. Regulatory capital ratios
significantly above "well-capitalized" guidelines and additional liquidity sources
represent 2.3x uninsured deposits. Loan to deposit ratio ends the quarter at 75%
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