Total Revenue

+9% (from $37.23M to $40.62M)

Total Revenue increased as a result of stronger overall business performance, driven by higher interest and dividend income compared to the previous period. This growth builds on prior improvements in asset yields and increased loan activity seen previously. " "

Interest and Dividend Income

+11.1% (from $32.05M to $35.63M)

The rise in Interest and Dividend Income reflects the company’s success in enhancing yields on both loans and securities by deploying improved rate strategies and optimizing cash flow reinvestments seen in earlier periods. " "

Interest and Fees on Loans

+14% (from $24.89M to $28.29M)

Interest and Fees on Loans increased due to higher rates on new and renewed loans and larger loan balances, which continue trends from earlier quarters where improved rate adjustments and increased loan volume contributed to revenue gains. " "

Interest on Securities

+26% (from $3.66M to $4.62M)

The significant jump in Interest on Securities is driven by a proactive reinvestment strategy that moved cash flows from lower-yielding securities into higher-yielding ones, further enhancing yields relative to the previous period’s performance. " "

Net Interest Income

+11% (from $21.294M to $23.687M)

Net Interest Income grew as the favorable mix of increased interest income from loans and securities outweighed the rise in interest expense, a shift that builds upon previous period trends of improved asset yields amid evolving deposit cost dynamics. " "

Net Income

+12% (from $8,292K to $9,306K)

The increase in Net Income is attributed to the higher net interest income combined with improved noninterest income and controlled operating expenses, continuing the performance improvement trajectory noted in prior periods. " "

Basic Earnings per Share (EPS)

+17% (from $1.16 to $1.36)

Basic EPS rose significantly due to the combination of increased net income and a reduction in weighted average shares outstanding, thereby magnifying earnings per share. This change is consistent with past period improvements in profitability and capital structure management. " "

Total Cash and Cash Equivalents

-12% (from $305,426K to $268,975K)

The decline in Total Cash and Cash Equivalents suggests a tighter liquidity position, potentially due to a strategic reallocation of funds into higher-yielding investments or operational outlays, diverging from the larger cash balances in the prior year. " "