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SEC filingStrong quarter driven by net interest margin expansion and lower funding costs, with net income up 51% YoY.
Noninterest income and expense trends were consistent with the company's focus on operational efficiency. The company continues to manage expenses while investing in growth.
Non-accrual loans were included in average volume for the entire period. The allowance for credit losses remains adequate based on current economic conditions and portfolio performance.
The company's operating model is structured with banking locations and divisions serving a similar base of commercial and retail customers, providing similar products and services through similar processes and technology platforms.