C&I Loan and Deposit Growth
C&I loans increased by $105 million, while average C&I deposits grew by 8.6% or $134.2 million for the second quarter, reflecting relationship growth and new account activity.
Reduction in Nonperforming Loans
Nonperforming loans declined by $108 million from the prior quarter, reflecting transfers to held for sale, charge-offs, and loan payoffs.
Independent Loan Review Validation
An independent review confirmed that Eagle Bancorp's reserves are adequate, covering 88% of potential losses identified in the baseline scenario.
Improvement in Noninterest Expense
Noninterest expense declined by $1.6 million, showing effective cost management.