The decline in working, non-interest cost had been mainly as a result of recognition of around $16.4 million loss on financial obligation extinguishment within the 3rd quarter, caused by the payment of around $140 million in Federal mortgage Bank improvements in addition to termination of associated cashflow hedges.

June 2, 2020 / 0 comments
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The decline in working, non-interest cost had been mainly as a result of recognition of around $16.4 million loss on financial obligation extinguishment within the 3rd quarter, caused by the payment of around $140 million in Federal mortgage Bank improvements in addition to termination of associated cashflow hedges. Salaries and benefits declined by $2.5 million,…

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