Net Income

Increased ~18% (from $9,882K to $11,753K)

Higher net income in Q4 2024 was driven by increased net interest income and strong loan growth, consistent with prior period trends where improved yields on commercial loans played a key role (similar to Q3 drivers discussed earlier). These factors, alongside controlled operating expenses, enabled an 18% YoY rise in net income. " "

Basic Earnings per Share

Increased ~17% (from 1.27 to 1.49)

The rise in Basic EPS reflects the higher net income and favorable earnings allocation, following a similar pattern from previous quarters where profit growth outpaced expense increases, leading to a solid 17% YoY improvement. " "

Net Interest Income

Increased ~18.5% (from $22,670K to $26,886K)

Net interest income grew due to both expansion of interest‐earning assets and improved loan yields—as seen in earlier periods (e.g., Q3 2024 gains of $4.1 million)—with higher yields on variable rate loans driving the 18.5% increase. " "

Total Assets

Increased ~17% (from $1,616,876K to $1,892,503K)

The significant growth in total assets was fueled by robust loan growth and a strategic increase in the securities portfolio, similar to previous strategies where liquidity was redeployed into higher-yield investments, resulting in a nearly 17% YoY rise. " "

Total Deposits

Increased ~16.7% (from $1,407,299K to $1,642,236K)

Total deposits expanded thanks to substantial gains in Savings, NOW, Money Market, and especially IOLTA/escrow deposits, continuing the positive momentum from earlier periods, and supporting asset funding through a 16.7% YoY increase. " "

Cash and Cash Equivalents

Decreased ~23.5% (from $165,209K to $126,329K)

The drop in cash and cash equivalents is a result of the ongoing strategic deployment of liquidity into higher-yielding commercial loans and agency securities, continuing a trend observed in previous periods where excess cash was reinvested. " "

Operating Cash Provided

Decreased ~29% (from $16,523K to $11,685K)

Operating cash flow weakened as adjustments from changes in other assets, larger increases in accrued interest receivable, and the absence of a net gain on equity investments (present in prior periods) outweighed the modest net income improvements, leading to a 29% YoY decline. " "

Financing Cash Provided

Decreased ~17% (from $122,658K to $101,544K)

The decline in financing cash provided resulted from lower net deposit inflows, coupled with higher cash dividend payments and increased share repurchase activity—factors that, while partially offset by stronger deposit growth previously, led to a 17% YoY reduction. " "