Overview
- Net income was $11.4 million, or $1.46 per diluted share, down 8% from Q3 as net interest margin eased to 4.06% from 4.10%.
- Loans rose $38.1 million to $2.744 billion, while total deposits held near $3.0 billion with core non‑maturity balances up $24.5 million to $2.2 billion.
- Nonperforming assets increased to $36.1 million, primarily from two loan relationships placed on nonaccrual, as the company booked a $480,000 provision and net charge‑offs of $165,000.
- The Board declared a $0.31 quarterly dividend payable February 20, 2026 to holders of record February 9, and the company repurchased 750 shares with 390,222 shares still authorized.
- Shareholders' equity rose to $435.1 million with preliminary Tier 1 leverage and total risk‑based capital ratios of 11.84% and 15.29%, and most certificates of deposit mature within 12 months, which management expects will ease funding costs.