Northeast Bank(NBN) - 2024 Q2 - Earnings Call Presentation

Forward-Looking Statement (1) Unpaid principal balance. (2) National Lending originations for Q2 FY24 were 100% variable rate, of which 37% were Prime-rate based and 63% were SOFR-based. National Lending originations for YTD FY24 were 90% variable rate, of which 50% were Prime-rate based and 50% were SOFR-based. (3) Q2 and YTD FY24 National Lending originations had a weighted average floor rate of 7.78% and 8.09%, respectively. (4) Purchased loan return for Q2 and YTD FY24 included $2.5 million and$5.3 mil ...