Earnings Feed

negative 14.5%

For the second quarter, including the loss contingency accrual of $1.92 per share, we experienced a total economic return of negative 14.5% and minus 1.4% without the accrual.

$24 million

Asset quality and net income were impacted by a single $24 million Twin Cities suburban CRE office loan originated in June 2022 that moved to nonaccrual in the quarter, increasing credit loss expense.

$443 million refinance loans in Q2

We originated $443 million in refinance loans this quarter. This is twice the volume from the same period last year.

$11.3 million charge-offs

Resolved two credit exposures resulting in elevated provision and charge-offs, not indicative of broader credit deterioration.

4.7%

During the quarter, we produced same-store NOI growth of 4.7% with our same-store portfolio 98% leased at quarter end.