Results
Financial Results
Balance Sheet (in thousands)
Income Statement (in thousands)
Commentary
Net interest margin is the difference between the yield generated by our assets (loans and investments) and the yield we pay on our deposits. It’s influenced significantly by the macroeconomic environment. In general, deposit yields adjust faster than loan yields - meaning that when rates go down, net interest margin looks better (relatively higher loan yields with cheaper deposits) than it does when rates go up (relatively lower loan yields with more expensive deposits). That’s part of the story with our net interest margin in 2023 and 2024 - where rates were at historic lows at our opening, and gradually increased over the course of 2024.
Net Interest Margin
Total Assets
