The source is the third quarter 2024 earnings release for Unity Bancorp, Inc. (UNTY), a publicly traded bank holding company. The release reports that the company had its highest quarterly earnings ever, exceeding $10.9 million in net income. The company's strong performance was driven by an expanding net interest margin and growth in both commercial and residential loans, coupled with sustained deposit momentum. Unity Bancorp also highlights its commitment to supporting local communities by providing credit to small and medium-sized businesses and its ongoing share repurchase program.

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