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

The decline in working, non-interest cost had been mainly because of the recognition of around $16.4 million loss on financial obligation extinguishment into the 3rd quarter, caused by the payment of around $140 million in Federal mortgage loan Bank improvements while the termination of associated cashflow hedges. Salaries and benefits declined by $2.5 million, mainly […]