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      "text": "Net income of $15.1 million, or $0.71 per diluted share, compared to $12.5 million, or $0.58 per diluted share, in 4Q21; Pre-tax, pre-provision income of $20.0 million, an increase of 24% from $16.1 million in 4Q21; Growth in net interest income offset lower net gain on sale of mortgage loans; Strong profitability results in 5.2% increase in tangible book value per share from end of prior quarter",
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      "text": "6.6% annualized growth in total loans primarily driven by increase in commercial portfolio; 16.5% annualized growth in commercial portfolio with good diversification across sectors and markets; Expansion into new markets and impact of commercial banker additions generating larger volume of opportunities and resulting in strong commercial loan growth while being selective in new loan production",
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      "text": "No shares repurchased during 4Q22 in order to preserve capital to build TCE and support strong organic loan growth; Loan-to-deposit ratio of 79% provides significant liquidity to continue funding loan growth; While asset quality remains excellent, IBCP is well reserved ahead of potential economic weakness with ACL/Total Loans increasing to 1.51%",
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      "text": "Net interest margin increased 3 bps to 3.52%; Asset quality remained exceptional with NPAs/Total Assets stable at 0.08% and net loan recoveries in the quarter, with delinquencies in installment portfolio remaining stable and at low levels; Capital ratios strengthened with bank level Total Capital to Total Risk-weighted Assets Ratio increasing 5 bps to 12.22%",
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