Cash and Cash Equivalents

+37% (from $126,329K to $173,041K)

The significant rebound in cash reflects a reversal from the prior period’s liquidity deployment into loans and securities. Improved operational inflows and possibly reduced funding outlays (such as dividend payments) have contributed to this strong cash balance compared to Q4 2024. "

Other Assets

+47% (from $51,003K to $74,982K)

The sharp increase indicates a substantial reallocation within the asset mix relative to previous periods. It likely includes higher valuations or additions such as increased internal-use software assets and related adjustments, suggesting a strategic asset remeasurement compared with the previous quarter. "

Total Assets

+3.3% (from $1,892,503K to $1,954,437K)

Growth in total assets comes from a combination of modest loan portfolio expansion and deposit increases. The continued asset growth is consistent with the strategy deployed in the previous period to optimize balance sheet composition. "

Loans, Net of Allowance

+1.45% (from $1,376,042K to $1,396,397K)

A modest increase in net loans is driven by a slight rise in outstanding loans alongside a reduction in the allowance for credit losses, indicating improved credit quality relative to Q4 2024 and the continuation of the expansion trend noted in FY 2024. "

Total Stockholders’ Equity

+5.7% (from $237,094K to $250,724K)

Strengthened equity is primarily driven by retained earnings from strong net income, with only minor offsets from dividends and other adjustments. This improvement continues the positive momentum seen in FY 2024 while underpinning a stronger capitalization profile. "

Total Deposits

+2.8% (from $1,642,236K to $1,688,120K)

The steady deposit growth reflects successful relationship banking and sustained customer funding, building on last quarter’s momentum. The increase in core deposits demonstrates enhanced client confidence and effective deposit diversification strategies compared to the previous period. "

Securities Available-for-Sale

-1.2% (from $241,746K to $236,919K)

The slight decline in available-for-sale securities likely results from portfolio rebalancing as management adjusts liquidity allocations in response to market conditions. This minor reduction continues the trend observed previously, underscoring a cautious repositioning rather than a radical shift in investment strategy. "

Securities Held-to-Maturity

-2.9% (from $68,660K to $66,736K)

The decrease is attributable to ongoing portfolio amortization and principal repayments. This measured reduction is in line with historical trends and the overall strategy to manage the bond portfolio efficiently, which had already been observed in earlier periods. "