- Business loans grew over $110 million in Q2 and over $370 million or 15% year-over-year.
- Common equity Tier 1 ratio increased to 11.25% and total capital ratio to 15.8%, indicating strong capital levels.
- Core cash operating expenses were $59.9 million, primarily due to hiring production staff.
- Core deposits increased by $1.2 billion year-over-year, with deposit teams hired since 2023 growing portfolios to approximately $2.2 billion.
- Core EPS was $0.64 per share, up 12% linked-quarter and 49% year-over-year.
- Core pretax pre-provision income was $49 million in Q2 2025 compared to $28 million a year ago, translating into a core ROA of 85 basis points.
- Cost of total deposits was 2.09% in Q2, and NIM increased for the fifth consecutive quarter, approaching 3%.
- Credit loss provision was $9.2 million, with allowance to loans increasing to 86 basis points.
- Loan originations including new lines of credit increased to $450 million for the quarter with a weighted average rate of approximately 7%.
- Loan pipelines stand at $1.2 billion with a weighted average rate of approximately 6.85%.
- Non-brokered deposits increased by approximately $210 million quarter-over-quarter.
- Noninterest income was $11.6 million, reflecting increased loan swap income.
- Reported NIM increased to 2.98%, with an adjusted NIM of 2.95% excluding prepayment fees and purchase accounting.
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Dafinchi