Cadence in general has a higher-yielding portfolio than many other banks – their average originated loan this quarter had a yield of 5.4% as a result of doing a great deal of business lending. You.
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The Federal Home Loan Bank of Dallas awarded nearly $8M in Affordable Housing Program grants to 27 projects, including four Texas properties. FHLB Dallas returns 10% of its annual profits in AHP.
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One reason for this result is that many food businesses do not qualify for traditional bank loans. New Jersey, Texas, and California all did well – particularly in IT and, somewhat surprisingly, in.