Bank of New Hampshire

John Mercier · 11-14-2023, 12:06 PM

BNH is looking at the cost of originating loans.
These aren't loans that they put their own capital or depositors' money behind (being a mutual bank, the depositors are the owners).
They are loans they write for others - like FHA - but have to service (take the payments and transfer them to the FHA/etc). When the costs for the services are greater than the payment for the services; it is a drain on finances.

The best current investments for them are more likely treasuries... and wealth management.

LRGH stopped having large grants gifted to the hospital as charity when the general population became abusive. Concord is also having trouble as it is outside the regional sphere of those charitable donations.

11-14-2023, 12:06 PM	#4
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,390 Thanks: 3 Thanked 598 Times in 494 Posts	BNH is looking at the cost of originating loans. These aren't loans that they put their own capital or depositors' money behind (being a mutual bank, the depositors are the owners). They are loans they write for others - like FHA - but have to service (take the payments and transfer them to the FHA/etc). When the costs for the services are greater than the payment for the services; it is a drain on finances. The best current investments for them are more likely treasuries... and wealth management. LRGH stopped having large grants gifted to the hospital as charity when the general population became abusive. Concord is also having trouble as it is outside the regional sphere of those charitable donations.