Northeast Bank(US:NBN)2023-10-24 15:34Deposit Portfolio - Grand Total Deposits increased by $638728 thousand, a 48% increase, from $1328399 thousand on September 30, 2022 to $1967127 thousand on September 30, 2023[2] - Certificate of Deposit increased by $749985 thousand, a 315% increase, from $237991 thousand to $987976 thousand[2] - Brokered Deposits increased significantly by $616298 thousand, an 808% increase[2] Loan Portfolio - Total Loans reached $2528210 thousand with an average LTV of 47%[44, 70] - Purchased Loans constitute $1516379 thousand of the total loan portfolio, with an average balance of $439 thousand and WA LTV of 46%[70] - Direct Originated Loans amounted to $516754 thousand, with an average balance of $4655 thousand and WA LTV of 54%[70] - Lender Finance Loans totaled $441478 thousand, with an average balance of $4551 thousand and WA LTV of 45%[70] Financial Performance - Net Income for Q1 FY24 was $152 million[68] - Net Interest Margin was 530%[68] - Purchased Loan Return was 904% for Q1 FY24, including $28 million of transactional income[68] National Lending Portfolio - The National Lending portfolio's balance at the end of Q1 FY24 was $24746 million[47, 74] - Total National Lending originations for Q1 FY24 were $68 million, with a weighted average rate of 927% and a weighted average floor rate of 798%[68] - Regularly Scheduled Interest & Accretion for purchased loans was 829%, while Originated loans was 972%[24]