Maintaining our strength and stability in unstable times.
2023 tested the financial services industry with a heightened regulatory environment and increased focus on capital levels, and the stress banks felt was compounded by pressures in the broader economy. Despite the challenges around us and this “new normal,” we achieved solid results – thanks in large part to our strong foundation and financial discipline.
Strength in our financial position
Strength in our liquidity position
Strength in our diversified business
A strong deposit base
+50% of our deposit base consists of consumer deposits
~50% of our deposit base consists of wholesale deposits
Investment portfolio
~90% of our investments are backed by the U.S. government