Net Income

+2.2% (from $732K to $748K)

Net Income increased marginally, reflecting steady profitability and modest revenue improvement compared to the previous period, which indicates consistent operational performance. " "

Net Interest Income

+6.1% (from $4,404K to $4,674K)

The improvement is largely due to a 16% decline in deposit interest expense (from $3,194K to $2,675K), which more than offset other factors, even though Total Interest Income fell over the period. " "

Total Interest Income

-5.9% (from $7,890K to $7,425K)

The decrease is primarily driven by a 33% decline in income from investment securities (from $124K to $83K), even though income from other interest–earning assets surged by 220% (from $34K to $109K); this suggests a shift in revenue mix with reduced reliance on the investment securities segment. " "

Total Non‑Interest Income

+6.3% (from $506K to $538K)

A moderate increase in non‑interest income points to improved fee revenue or diversified income sources, indicating operational gains relative to the previous period. " "

Non‑Interest Expense

+6.5% (from $3,991K to $4,251K)

The rise in non‑interest expense is likely due to higher operating costs and inflationary pressures impacting various expense categories compared to the past period. " "

Cash and Cash Equivalents

+280% (from $8,019K to $30,439K)

The significant jump in cash balances suggests a deliberate liquidity enhancement, possibly through asset reallocation or improved funding strategies, contrasting sharply with the much lower level in the previous period. " "

Loans Receivable

-8.2% (from $499,267K to $458,301K)

The decline likely reflects reduced loan originations or a strategic deleveraging effort as part of enhanced risk management, marking a notable contraction from the previous period’s level. " "

Total Assets

-3.6% (from $643,026K to $619,624K)

The decrease in total assets may be indicative of a broader balance sheet contraction due to lower loan growth and diminishing deposits, a shift that contrasts with earlier expansionary trends. " "

Total Deposits

-3.8% (from $578,881K to $556,763K)

A decline in deposits suggests challenges in attracting or retaining funds, aligning with the overall reduction in balance sheet size and possibly reflecting market conditions affecting depositor behavior compared to the previous period. " "

Shareholders’ Equity

+4.1% (from $52,550K to $54,719K)

The modest rise in equity, likely driven by retained earnings and conservative dividend policies, demonstrates resilience despite the contraction in other balance sheet items relative to the previous period. " "