Question · Q4 2025
Julienne Cassarino asked about the drivers of deposit growth, the sequential reduction in deposit costs, and whether these gains were primarily from local customer relationships and the treasury management platform. She also sought a breakdown of the deposit franchise between commercial and retail.
Answer
Scott McKim, EVP and CFO, attributed deposit growth and cost reduction to the retail and operations teams' efforts in nurturing customer relationships and a more disciplined approach post-SBA 7(a) exit, alongside rate changes. Robin Oliver, President and COO, highlighted the treasury team's role in attracting small to mid-sized business deposits. Scott McKim further characterized the deposit portfolio as granular rather than a distinct commercial/retail split.
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