“Our recent acquisitions continue steadily to deliver outstanding stability sheet development and offer opportunities for further expansion of y our bottom-line. Total loans increased 3.4% through the quarter and 26.3% year-over-year, reflecting both acquired loans and strong natural loan manufacturing. Also, agricultural and farmland loans are up substantially in comparison to last year, caused by our current purchase of Big Muddy Bancorp, Inc., ” said Johnson. Total loans had been $779.2 million at 31, 2019, compared to $616.9 million a year earlier and $753.6 million three months earlier december.
Eagle originated $164.9 million in brand new domestic mortgages through the quarter, excluding construction loans, and sold $151.0 million in domestic mortgages, with a typical gross margin available for sale of home loans of approximately 3.46%. This production even compares to mortgage that is residential of $161.8 million within the preceding quarter with product sales of $155.4 million. For the full 12 months, Eagle originated $524.6 million in brand new domestic mortgages, excluding construction loans, and offered $480.0 million in domestic mortgages, with a typical gross margin for sale of home mortgages of around 3.47%.
Commercial estate that is real increased 28.9% to $331.1 million at December 31, 2019, in comparison to $256 https://speedyloan.net/installment-loans-ma.8 million per year early in the day. Domestic home mortgages increased 2.0% to $119.3 million, when compared with $116.9 million an earlier year. Agricultural and farmland loans increased 90.7% to $90.8 million at 31, 2019, compared to $47.6 million a year earlier december. Commercial loans increased 23.3% to $72.8 million, house equity loans increased 8.2% to $56.4 million, commercial construction and development loans increased 26.2% to $52.7 million, domestic construction loans increased 42.1% to $38.6 million, and customer loans increased 14.0% to $18.9 million, when compared with last year.
Total deposits had been $809.0 million at December 31, 2019, a 29.1% enhance in comparison to $626.6 million at December 31, 2018, and a 2.5% enhance in comparison to $789.5 million at September 30, 2019. Continue reading “Balance Sheet Outcomes”