Strong Organic Growth in Banking Segments
Robust organic growth was driven by both the commercial and private banking segments, aided by an experienced team of bankers.
Successful Platform Upgrade in Wealth Management
Completed a major platform upgrade, enhancing client and adviser experience, which is expected to facilitate future recruiting and client growth.
Capital and Risk Management Achievements
Capital accretion boosted the TCE ratio to over 8%. Tangible book value grew nearly 5%, and a $5.3 million return was made to shareholders through dividends.
Promising Outlook for Retirement Business
The retirement segment remains a national leader with significant growth opportunities, and the company is bullish due to legislative support and industry growth rates.
Increased Net Interest Income and Stable Margins
Net interest income increased 0.2% over the prior quarter, and the net interest margin remained stable at 3.50%.