- For the quarter ended June 30, 2012, new loans grew $501.2 million to $2.9 billion. For the second quarter and first six months of 2012, growth in new loans outpaced the resolution of covered loans, resulting in net growth in the loan portfolio. Total loans, net of discount and deferred fees and costs, grew $369.4 million for the quarter to $5.1 billion.
- At June 30, 2012, total demand deposits exceeded 20% of total deposits.
- The cost of deposits continues to trend downward. The cost of deposits was 0.84% for the second quarter of 2012 as compared to 0.90% for the first quarter of 2012 and 1.12% for the second quarter of 2011.
- Book value and tangible book value per common share grew to $17.42 and $16.68, respectively, at June 30, 2012.
|Tier 1 leverage||12.8||%|
|Tier 1 risk-based capital||34.8||%|
|Total risk-based capital||36.2||%|