Net Income (Loss)

5% decrease ($586K vs. $614K)

Net income declined modestly as Q1 2025 saw a 5% drop compared to Q4 2024, driven by a slight reduction in overall interest income and net interest income, partially offset by stronger non–interest income. Increased funding costs (e.g., higher deposits interest expense) and lower yields on core assets contributed to this performance. " "

Total Interest Income

3.9% decline ($3,374K vs. $3,511K)

Total Interest Income decreased by 3.9% primarily due to lower income generated from loans and other interest–earning assets in Q1 2025 relative to Q4 2024, reflecting adjustments in asset balances and yields from one period to the next. " "

Total Non–Interest Income

64% increase ($553K vs. $337K)

Total Non–Interest Income surged by 64%, indicating a significant recovery or improvement in fee-based or ancillary income streams in Q1 2025 versus Q4 2024, which may result from operational initiatives or improved market conditions for non–interest revenue components. " "

Deposits Interest Expense

7.9% increase ($941K vs. $874K)

Deposits Interest Expense rose by 7.9% due to higher average rates paid on deposits and a potentially larger base of interest-bearing deposits, reflecting the ongoing impact of higher funding costs in the current period compared to Q4 2024. " "

Borrowings Interest Expense

62% decrease ($68K vs. $180K)

Borrowings Interest Expense dropped dramatically—by 62%—as a result of a reduced borrowing level or the payoff of higher–cost facilities (such as a Bank Term Funding Program advance), lowering the financing cost in Q1 2025 relative to Q4 2024. " "

Net Interest Income

3.9% decrease ($2,365K vs. $2,457K)

Net Interest Income fell by 3.9%, paralleling the contraction in total interest income while benefits from lower borrowing costs did not fully offset the decline, indicating that the shift in asset yields and balance mix from Q4 2024 to Q1 2025 weighed on overall margins. " "

Earnings per Share (EPS)

33% improvement ($0.16 vs. $0.12)

EPS improved by 33% despite lower net income, largely reflecting the impact of a reduced share count (via share repurchases or similar capital management practices) that boosted the per–share metrics relative to the prior period. " "

Total Assets

1.8% decrease ($271,648K vs. $276,697K)

Total Assets edged down by 1.8% likely due to strategic asset adjustments—such as modest reductions in cash balances or asset sales—reflecting the tactical rebalancing from Q4 2024 to Q1 2025. " "

Total Deposits

2.8% decrease ($180,598K vs. $185,674K)

Total Deposits declined by 2.8%, driven primarily by a reduction in public fund deposits, which can experience seasonal or market–driven fluctuations, thereby lowering the overall deposit base in the current quarter compared to the previous quarter. " "

Total Shareholders’ Equity

Slight increase ($80,591K vs. $80,204K)

Total Shareholders’ Equity rose modestly, reflecting minor gains in retained earnings or other comprehensive income adjustments that outweighed the small decline from previous stock transactions, keeping the balance sheet relatively stable across the two periods. " "