Second Quarter Highlights:

  • Total second quarter originations of $121.5 million, up 30% year-over-year
  • Total Funding Stream loan originations of $7.9 million, up 24.9% from the prior quarter and nearly 15 times higher than a year ago
  • Net income of $4.5 million, up 8% year over year, with EPS of $0.36 per share
  • ROE increased 219 basis points from prior year to 11.66%
  • Total new origination loan and lease yield of 11.78% increased 9 basis points from prior quarter and 66 basis points year-over-year
  • Credit quality remained strong with 30+ and 60+ day delinquencies at 71 basis points and 43 basis points, respectively

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