Quarter end features

<strong><em>Quarter end features</em></strong>

Fourth quarter net gain increased $824 thousand ($0.06 per diluted share), or 11.4percent, when compared to 4th quarter of 2018, mainly driven by increased interest that is net fueled by loan development as well as the FDIC little bank premium credit, partially offset by a decline in our web interest margin and a rise https://speedyloan.net/installment-loans-hi in salaries and employee advantages cost, occupancy cost, legal charges, and merger and acquisition expenses. Fourth quarter net gain reduced $211 thousand ($0.02 per diluted share), or 2.6%, compared to the 3rd quarter of 2019, as a result of a reduction in non-interest earnings, and a rise in salaries and employee advantages cost, partially offset by a rise in web interest earnings driven by loan development, partially offset with a 17 basis point reduction in web interest margin.

We proceeded to have quite strong loan that is year-over-year deposit development. At the time of 31, 2019, loans were $2.45 billion, an increase of 17.8% compared to loans of $2.08 billion as of December 31, 2018, and an increase of 3.7% compared to loans of $2.37 billion as of September 30, 2019 december. Total deposits increased by 12.3per cent in comparison to $2.09 billion at the time of December 31, 2018, and core deposits, understood to be total deposits excluding brokered deposits and detailing solution deposits, increased by 13.7per cent when compared to same duration. Total deposits increased 0.3% to $2.35 billion at the time of 31, 2019, compared to $2.34 billion as of September 30, 2019 december. [Read more…]