Quote:
Originally Posted by Slickcraft
BNH has stopped taking applications for any residential, mortgage and consumer loans. See WMUR article. This strikes me as unusual. The CEO states that high origination costs make such loans unprofitable. There must be more to the story.
https://www.wmur.com/article/bank-of...tions/45828789
Alan |
Small banks’ margins are getting crushed in the current deposit environment. They have made a lot of fixed rate loans and customers are demanding more on their deposits. Not a good combination. I wonder what this bank’s loan to deposit ratio is? Anything approaching 100% or above is concerning for regulators.