0001628280-26-032754
SEC filingStrong quarter driven by net interest income growth and credit provision recapture, though non-performing loans surged on senior housing exposure.
Net interest income increased due to originations of new loans and favorable repricing of deposits, partially offset by a decrease in lower-costing deposits. The net interest margin expanded as deposit costs fell faster than asset yields, though specific margin figures are not disclosed in this report.
The company recorded a provision recapture, contributing to net income growth. Non-performing loans increased, driven by senior housing exposure, but specific amounts are not provided in the authoritative packet. Management evaluates credit losses using macroeconomic forecasts and fair value estimates based on judgment.
Key judgments involve macroeconomic forecasts for credit loss estimates and fair value measurements. The company expects to retain a significant share of deposits based on pricing strategy and customer retention experience.