Financial Data and Key Metrics Changes - The company reported net income of $109.8 million or $1.6 per diluted share in the second quarter, a notable 21% increase year-over-year [10] - Return on assets (ROA) improved to 1.65%, and return on tangible common equity rose to 15.8% [11] - Efficiency ratio improved to 51.63% from 52.83% in the previous quarter, indicating better operating leverage [10][11] - Tangible book value per share increased to $41.32, reflecting a strong 15.5% annualized growth [11] Business Line Data and Key Metrics Changes - Loan growth was primarily driven by commercial and industrial (C&I) loans, with a total loan production of $1.9 billion, up from $1.5 billion in the previous quarter [16] - Non-interest income increased by approximately $4.9 million, largely due to a 36% growth in mortgage production [14] - Total non-interest expense rose by $4.2 million, mainly due to higher salaries and employee benefits related to increased mortgage production [14] Market Data and Key Metrics Changes - Non-interest bearing deposits grew over 3% annualized, increasing their share to 31% of total deposits from 30.8% in the previous quarter [17] - The company experienced a seasonal decline in cyclical municipal deposits, offset by an increase in broker deposits [17] Company Strategy and Development Direction - The company remains focused on organic growth, with plans to utilize excess capital for growth opportunities, stock buybacks, and dividends [28][29] - Management emphasized the importance of maintaining a strong core deposit base and leveraging growth in attractive Southeastern markets [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the remainder of 2025 and into 2026, citing a robust margin, strong capital, and liquidity [9] - There is a cautious but positive outlook on loan growth, with expectations for mid-single-digit growth in loans and deposits [18] Other Important Information - The company repurchased approximately $12.8 million in common stock during the quarter [11] - The provision for credit losses was $2.8 million, with reserves remaining strong at 162% of loans [15] Q&A Session Summary Question: Loan growth trends and competition - Management noted a resurgence in loan activity and expected third-quarter activity to be similar to the second quarter, with increased competition [24][25] Question: Future growth opportunities and capital deployment - The company plans to focus on organic growth first, with stock buybacks and dividends as secondary options, while being cautious about M&A [27][29] Question: Deposit growth and margin outlook - Management indicated that deposit growth would continue, with a focus on non-interest bearing deposits, and anticipated some pressure on deposit costs [44][46] Question: Mortgage segment trends and capacity - The company is prepared for a potential refinancing wave and has the capacity to handle increased production without needing additional hires [66][67] Question: Overall competitive landscape and charge-offs - Management observed increased competition beyond pricing, with a focus on treasury management and deposit growth [55][56]

Financial Data and Key Metrics Changes - The company reported net income of $109.8 million or $1.6 per diluted share in the second quarter, a notable 21% increase year-over-year [11] - Return on assets (ROA) improved to 1.65% and return on tangible common equity increased to 15.8% [12] - Efficiency ratio improved to 51.63% from 52.83% in the previous quarter, indicating better operational efficiency [11][12] - Tangible book value per share increased to $41.32, reflecting a strong 15.5% annualized growth [12] Business Line Data and Key Metrics Changes - Loan growth was primarily driven by commercial and industrial (C&I) loans, with a total loan production of $1.9 billion, up from $1.5 billion in the previous quarter [17] - Non-interest income increased by approximately $4.9 million, largely due to a 36% growth in mortgage production [15] - Total non-interest expense rose by $4.2 million, mainly due to higher salaries and employee benefits related to increased mortgage production [15] Market Data and Key Metrics Changes - Non-interest bearing deposits grew over 3% annualized, maintaining a core focus on this segment [6][8] - The company’s capital ratios strengthened, with common equity Tier 1 increasing to 13% and tangible common equity ratio rising to 11.09% [6][12] - The company experienced a seasonal decline in cyclical municipal deposits, offset by an increase in broker deposits [17] Company Strategy and Development Direction - The company remains focused on organic growth, with a strong emphasis on enhancing revenue generation and maintaining a positive operating leverage [5][10] - Management expressed optimism about future growth opportunities in the Southeastern markets, leveraging a strong deposit base and capital position [9][10] - The company is open to stock buybacks and dividend increases, but M&A activities are not a priority unless a unique opportunity arises [26] Management's Comments on Operating Environment and Future Outlook - Management noted a resurgence of activity in loan production, with expectations for continued growth through the remainder of 2025 and into 2026 [22][9] - There is cautious optimism regarding competition, with indications that competition is becoming more aggressive but manageable [44] - The company anticipates loan and deposit growth in the mid-single-digit range moving forward [18] Other Important Information - The company repurchased approximately $12.8 million of common stock during the quarter [12] - The provision for credit losses was $2.8 million, with reserves remaining strong at 162% of loans [16] Q&A Session Summary Question: Loan growth trends and competition - Management indicated that there is a resurgence of activity in loan production, particularly in mortgage warehouse lending, and expects this trend to continue [22][23] Question: Future growth opportunities and capital deployment - Management emphasized a focus on organic growth, with new hires and potential stock buybacks being considered, while M&A is not a priority [25][26] Question: Margin outlook and deposit costs - Management expects some pressure on deposit costs as loan growth picks up, but remains optimistic about maintaining a strong margin [39][40] Question: Competitive landscape and market challenges - Management noted increased competition across various business lines, with a shift towards more structural underwriting standards rather than just pricing [44] Question: Mortgage segment capacity and trends - Management stated that the mortgage team is prepared for a potential refinancing wave and expects third-quarter production to be consistent with the second quarter [54][56]

Financial Performance - The company's net income for 2Q25 was $109834 thousand, a 25% increase compared to $87935 thousand in 1Q25 and a 21% increase compared to $90785 thousand in 2Q24[19] - Return on average assets (ROA) was 165% in 2Q25, up from 136% in 1Q25 and 141% in 2Q24[19] - Return on average tangible common equity (ROTCE) reached 1582% in 2Q25[18] - Tangible book value per share grew by $154 to $4132 at the end of June 2025, representing a 155% annualized growth[18] Balance Sheet and Capital - The CET1 ratio was 130%[9] - The TCE ratio stood at 1109%, compared to 972% a year prior[18] - Noninterest-bearing deposits remained strong, accounting for 310% of total deposits as of June 30, 2025[18] Revenue and Expenses - Net interest margin (TE) expanded by 4 bps to 377%[18] - Total revenue increased by $149 million, or 209% annualized, from 1Q25[18] - The efficiency ratio improved to 5163%[18] - Mortgage banking activity contributed 13% of total revenue in 2Q25[34] Loan Portfolio and Credit Quality - Loan balances increased by $335 million, or 65% annualized, during 2Q25[57] - The allowance for credit losses (ACL) on loans was 162% of total loans[53] - Net charge-offs totaled $71 million, or 014% annualized, in 2Q25[68]

Core Insights - Ameris Bancorp reported Q2 2025 results with non-GAAP earnings per share of $1.59, exceeding the consensus estimate of $1.33, while GAAP revenue of $231.8 million fell short of expectations by $65.6 million, representing a 22.0% shortfall [1][2] - The company experienced higher profitability with strong capital growth and improved efficiency metrics, despite underlying revenue softness and modest loan and deposit growth [1][5] Financial Performance - Non-GAAP EPS increased by 36.0% year-over-year from $1.17 to $1.59 [2] - Non-GAAP revenue rose to $301.3 million, a 6.1% increase from $284.1 million in Q2 2024 [2] - GAAP net income increased to $109.8 million, up 21.0% from $90.8 million in the prior-year period [5] - Return on average tangible common equity (non-GAAP) improved to 15.76%, up from 13.35% [2] Asset and Loan Growth - Total assets grew by 0.6% to $26.68 billion, with total loans increasing by $335 million to $21.04 billion [6] - The loan portfolio remains diversified, with commercial & industrial loans at $3.18 billion and commercial real estate loans at $8.88 billion [6] Revenue Generation - Net interest income increased to $232.7 million, a 9.3% year-over-year growth, with a net interest margin of 3.77% [7] - Noninterest income grew nearly 8% quarter-on-quarter to $68.9 million, driven by a rebound in mortgage banking revenue [8] Asset Quality and Credit Losses - Provision for credit losses (GAAP) significantly decreased to $2.8 million from $24.7 million a year earlier [9] - Nonperforming assets fell to 0.36% of total assets, down from 0.74% in the prior-year quarter [9] Shareholder Value and Capital Management - The company repurchased 212,472 shares and increased the quarterly dividend to $0.20 per share from $0.15 [10] - The tangible common equity (TCE) ratio (non-GAAP) improved to 11.09%, up from 9.72% a year ago [10] Strategic Focus and Outlook - Ameris Bancorp emphasizes organic growth and selective acquisitions, focusing on expanding its core banking presence in the Southeast [4] - Management anticipates mid-single-digit loan and deposit growth for 2025, with a slight adjustment in margin guidance to settle above 3.60% [11][12]

Core Insights - Ameris Bancorp reported revenue of $301.65 million for the quarter ended June 2025, showing no change year-over-year, with an EPS of $1.59 compared to $1.17 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate by +1.56%, while the EPS surprised by +17.78% over the consensus estimate of $1.35 [1] Financial Performance Metrics - Net interest margin was reported at 3.8%, slightly above the estimated 3.7% [4] - The efficiency ratio stood at 51.6%, better than the average estimate of 52.4% [4] - Book value per share at period end was $57.02, exceeding the estimate of $56.48 [4] - Net charge-offs as a percentage of average loans (annualized) were 0.1%, significantly lower than the estimated 0.3% [4] - Total non-performing assets were reported at $97.26 million, compared to the average estimate of $123.23 million [4] - Average balances of total earning assets were $24.77 billion, slightly above the estimate of $24.72 billion [4] - Net interest income (TE) was $232.74 million, surpassing the average estimate of $224.51 million [4] - Total non-interest income was $68.91 million, below the estimated $72.49 million [4] - Net interest income was reported at $231.81 million, exceeding the estimate of $226.25 million [4] Stock Performance - Ameris Bancorp shares returned +2.3% over the past month, while the Zacks S&P 500 composite increased by +4.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Core Viewpoint - Ameris Bancorp reported quarterly earnings of $1.59 per share, exceeding the Zacks Consensus Estimate of $1.35 per share, and showing an increase from $1.17 per share a year ago, representing an earnings surprise of +17.78% [1][2] Financial Performance - The company posted revenues of $301.65 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.56%, and showing a slight increase from $301.59 million year-over-year [2] - Over the last four quarters, Ameris Bancorp has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Ameris Bancorp shares have increased approximately 6.2% since the beginning of the year, compared to the S&P 500's gain of 8.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.36 on revenues of $302.1 million, and for the current fiscal year, it is $5.35 on revenues of $1.19 billion [7] - The estimate revisions trend for Ameris Bancorp was mixed ahead of the earnings release, which may change following the recent report [6] Industry Context - The Banks - Southeast industry, to which Ameris Bancorp belongs, is currently ranked in the top 6% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) Ameris Bancorp reported strong Q2 2025 financial results, with significant year-over-year growth in net income and EPS, robust profitability, and strong capital growth Q2 2025 vs Q2 2024 Performance | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Income | $109.8 million | $90.8 million | | Diluted EPS | $1.60 | $1.32 | Year-to-Date Performance (Six Months Ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Income | $197.8 million | $165.1 million | | Diluted EPS | $2.87 | $2.39 | Q2 2025 Key Performance Indicators | Indicator | Value | | :--- | :--- | | Return on Average Assets | 1.65% | | Return on Average Tangible Common Equity | 15.82% | | Tangible Book Value Growth (Annualized) | 15.5% | | Tangible Book Value per Share | $41.32 | | Net Interest Margin (TE) | 3.77% | | Efficiency Ratio | 51.63% | - CEO Palmer Proctor highlighted the company's **above-peer profitability**, **strong balance sheet**, and strategic focus on **growing tangible book value per share**, positioning Ameris to capitalize on growth opportunities[4](index=4&type=chunk) [Financial Performance Analysis](index=1&type=section&id=Financial%20Performance%20Analysis) Financial performance was driven by strong net interest income growth, expanding net interest margin, increased noninterest income, and well-managed noninterest expenses [Net Interest Income and Net Interest Margin](index=1&type=section&id=Net%20Interest%20Income%20and%20Net%20Interest%20Margin) Net interest income grew quarterly and annually, driven by increased average earning assets and an expanded net interest margin to 3.77% Net Interest Income & Margin Trends | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Interest Income (TE) | $232.7M | $222.7M | $212.8M | | Net Interest Margin | 3.77% | 3.73% | 3.58% | - The growth in average earning assets was primarily due to increases in portfolio loans, loans held for sale, and investment securities[5](index=5&type=chunk) - The total cost of funds was **stable at 2.06%** compared to Q1 2025, and deposit costs **decreased by 3 basis points to 1.95%**[9](index=9&type=chunk) [Noninterest Income](index=3&type=section&id=Noninterest%20Income) Noninterest income increased by 7.6% quarter-over-quarter, primarily fueled by an 11.3% rise in mortgage banking activity Noninterest Income Breakdown (Q2 2025 vs Q1 2025) | Component | Q2 2025 | Q1 2025 | Change | | :--- | :--- | :--- | :--- | | **Total Noninterest Income** | **$68.9M** | **$64.0M** | **+7.6%** | | Mortgage Banking Activity | $39.2M | $35.3M | +11.3% | | Other Noninterest Income | $8.5M | $7.8M | +8.7% | [Noninterest Expense](index=3&type=section&id=Noninterest%20Expense) Noninterest expenses rose slightly by 2.8% due to compensation and merit increases, improving the efficiency ratio to 51.63% - The primary drivers for the increase in noninterest expense were a **$2.7 million** rise in salaries and benefits and an **$862,000** increase in advertising and marketing[11](index=11&type=chunk) Efficiency Ratio Trend | Period | Efficiency Ratio | | :--- | :--- | | Q2 2025 | 51.63% | | Q1 2025 | 52.83% | | Q2 2024 | 51.68% | [Income Tax Expense](index=3&type=section&id=Income%20Tax%20Expense) The effective tax rate for Q2 2025 increased to 23.0% from 22.1% in Q1, driven by reduced equity compensation benefits and state tax changes - The company's effective tax rate increased to **23.0%** in Q2 2025, up from **22.1%** in Q1 2025[12](index=12&type=chunk) [Balance Sheet and Capital](index=3&type=section&id=Balance%20Sheet%20and%20Capital) The company maintained a strong balance sheet with modest asset growth, driven by loan expansion, healthy deposit growth, and improved capital ratios [Balance Sheet Trends](index=3&type=section&id=Balance%20Sheet%20Trends) Total assets grew to $26.68 billion, supported by loan expansion and healthy deposit growth, with noninterest-bearing accounts reaching 31.0% Key Balance Sheet Items (as of June 30, 2025) | Item | June 30, 2025 | March 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | :--- | | Total Assets | $26.68B | $26.51B | $26.26B | | Loans, net | $21.04B | $20.71B | $20.74B | | Total Deposits | $21.93B | $21.91B | $21.72B | - Deposit growth in Q2 was driven by increases in noninterest-bearing accounts, brokered CDs, and interest-bearing demand accounts, which offset declines in retail CDs and money market accounts[14](index=14&type=chunk) [Shareholders' Equity and Capital Ratios](index=3&type=section&id=Shareholders%27%20Equity%20and%20Capital%20Ratios) Shareholders' equity increased by 4.4% to $3.92 billion, driving tangible book value per share to $41.32 and improving the TCE ratio to 11.09% Equity and Capital Metrics (as of June 30, 2025) | Metric | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total Shareholders' Equity | $3.92B | $3.75B | | Tangible Book Value per Share | $41.32 | $38.59 | | TCE / Tangible Assets | 11.09% | 10.59% | - The company repurchased **212,472 shares** in the second quarter of 2025[15](index=15&type=chunk) [Subordinated Debt](index=4&type=section&id=Subordinated%20Debt) The company will redeem $74 million of its 5.875% Fixed-To-Floating Rate Subordinated Notes due 2030, currently yielding 8.22% - Ameris will redeem **$74 million** in subordinated notes, which currently carry an **8.22% interest rate**, on September 1, 2025[16](index=16&type=chunk) [Credit Quality](index=4&type=section&id=Credit%20Quality) Credit quality improved in Q2 2025 with a significantly lower provision for credit losses, strong allowance, and decreased nonperforming assets Key Credit Quality Metrics | Metric | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Provision for Credit Losses | $2.8M | $21.9M | | Allowance for Credit Losses / Loans | 1.62% | 1.67% (Implied) | | Nonperforming Assets / Total Assets | 0.36% | 0.44% | | Net Charge-off Ratio (Annualized) | 0.14% | 0.18% | - Nonperforming assets decreased, with the ratio to total assets falling to **0.36%**. Excluding government-guaranteed loans with minimal loss exposure, this ratio was even lower at **0.32%**[17](index=17&type=chunk) [Segment Reporting](index=17&type=section&id=Segment%20Reporting) The Banking Division was the largest contributor to net income in Q2 2025 at $82.6 million, with all segments reporting positive net income Net Income by Business Segment (in thousands) | Segment | Q2 2025 Net Income | Q2 2024 Net Income | | :--- | :--- | :--- | | Banking Division | $82,581 | $54,319 | | Retail Mortgage Division | $15,556 | $28,309 | | Warehouse Lending Division | $6,189 | $4,324 | | Premium Finance Division | $5,508 | $3,833 | | **Total Consolidated** | **$109,834** | **$90,785** | [Other Information](index=4&type=section&id=Other%20Information) This section provides details for the upcoming investor conference call, an overview of Ameris Bancorp's business, and standard disclaimers [Conference Call](index=4&type=section&id=Conference%20Call) Ameris Bancorp will host a conference call on July 29, 2025, to discuss quarterly results, with dial-in and webcast details provided - The company will host a conference call on July 29, 2025, to discuss its financial results, with details provided for access and replay[18](index=18&type=chunk) [About Ameris Bancorp](index=4&type=section&id=About%20Ameris%20Bancorp) Ameris Bancorp, headquartered in Atlanta, Georgia, manages $26.7 billion in assets, operates in five southeastern states, offering full banking services - Ameris Bancorp is a bank holding company with **$26.7 billion in assets** as of June 30, 2025, operating primarily in the southeastern United States[19](index=19&type=chunk) [Appendix: Financial Tables](index=6&type=section&id=Appendix%3A%20Financial%20Tables) This section contains detailed financial statements and supplementary data tables supporting the earnings release, covering key financial and segment data [Table 1: Financial Highlights](index=6&type=section&id=Table%201%3A%20Financial%20Highlights) [Table 2: Income Statement](index=7&type=section&id=Table%202%3A%20Income%20Statement) [Table 3: Period End Balance Sheet](index=8&type=section&id=Table%203%3A%20Period%20End%20Balance%20Sheet) [Table 4: Asset Quality Information](index=9&type=section&id=Table%204%3A%20Asset%20Quality%20Information) [Table 5: Loan Information](index=10&type=section&id=Table%205%3A%20Loan%20Information) [Table 6: Average Balances](index=10&type=section&id=Table%206%3A%20Average%20Balances) [Table 7: Interest Income and Interest Expense (TE)](index=11&type=section&id=Table%207%3A%20Interest%20Income%20and%20Interest%20Expense%20(TE)) [Table 8: Yields](index=12&type=section&id=Table%208%3A%20Yields) [Tables 9A-9D: Non-GAAP Reconciliations](index=14&type=section&id=Tables%209A-9D%3A%20Non-GAAP%20Reconciliations) [Table 10: Segment Reporting](index=17&type=section&id=Table%2010%3A%20Segment%20Reporting)

Core Insights - Ameris Bancorp (ABCB) has performed well for shareholders since being rated a "Buy" in October 2023, despite some negative aspects identified at that time [1] Company Analysis - The company is recognized for its potential in generating cash flow, which is crucial for value and growth prospects [1] Industry Context - Crude Value Insights focuses on the oil and natural gas sector, emphasizing cash flow and the companies that generate it, indicating a strategic approach to investment in this industry [1]

Core Viewpoint - Ameris Bancorp (ABCB) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which have a strong correlation with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling activity that affects stock prices [4]. Recent Performance and Projections - For the fiscal year ending December 2025, Ameris Bancorp is projected to earn $5.35 per share, consistent with the previous year's figure [8]. - Over the past three months, the Zacks Consensus Estimate for Ameris Bancorp has increased by 5.7%, reflecting a positive trend in earnings outlook [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating [9][10]. - The upgrade of Ameris Bancorp to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Financial Performance - Ameris reported net income of $87.9 million, or $1.27 per diluted share, for Q1 2025, up from $74.3 million, or $1.08 per diluted share, in Q1 2024, representing a 18.8% increase in net income [128]. - The return on average assets increased to 1.36% in Q1 2025 from 1.18% in Q1 2024, while the return on average shareholders' equity rose to 9.39% from 8.63% [128]. - Income before income tax expense rose to $112.936 million in Q1 2025, up from $97.450 million in Q1 2024, representing a 15.9% increase [129]. Interest Income and Expenses - Total interest income for Q1 2025 was $333.778 million, compared to $329.452 million in Q1 2024, reflecting a slight increase of 1% [129]. - Net interest income increased to $221.839 million in Q1 2025 from $201.388 million in Q1 2024, marking a growth of 10.2% [129]. - The net interest margin for Q1 2025 was 3.73%, up 22 basis points from 3.51% in Q1 2024 [1]. - Total interest income for Q1 2025 was $334.7 million, compared to $330.4 million in Q1 2024 [2]. Noninterest Income and Expenses - Noninterest income for Q1 2025 was $64.023 million, compared to $65.878 million in Q1 2024, showing a decline of 2.8% [129]. - Total noninterest expense increased to $151.034 million in Q1 2025 from $148.711 million in Q1 2024, reflecting a rise of 1.6% [129]. - Total noninterest income for Q1 2025 was $64.0 million, a decrease of $1.9 million, or 2.8%, from $65.9 million in Q1 2024 [4]. Credit Losses and Asset Quality - Provision for credit losses decreased to $21.892 million in Q1 2025 from $21.105 million in Q1 2024, indicating a reduction of 3.7% [129]. - The provision for credit losses in Q1 2025 was $21.9 million, compared to $21.1 million in Q1 2024 [3]. - Non-performing assets as a percentage of total assets decreased to 0.44% at March 31, 2025, from 0.47% at December 31, 2024 [8]. - The net charge-off ratio as a percentage of average loans decreased to 0.18% for the first three months of 2025, down from 0.25% for the same period in 2024 [148]. Loans and Deposits - As of March 31, 2025, gross loans outstanding were $21.25 billion, a slight decrease of $33.3 million or 0.2% from $21.27 billion at December 31, 2024 [147]. - Total deposits increased by $190.0 million, or 0.9%, to $21.91 billion at March 31, 2025, compared to $21.72 billion at December 31, 2024 [164]. - Noninterest-bearing deposits rose by $246.5 million, or 3.8%, while interest-bearing deposits decreased by $56.5 million, or 0.4% during the first three months of 2025 [164]. Capital and Liquidity - As of March 31, 2025, the Company maintained a Tier 1 Leverage Ratio of 11.00% and a CET1 Ratio of 12.87% [170]. - The Company’s liquidity ratios were considered satisfactory, with investment securities available-for-sale to total deposits at 8.87% as of March 31, 2025 [176]. - The Company had availability with the FHLB and FRB Discount Window of $3.52 billion and $2.29 billion, respectively, at March 31, 2025 [175]. Risk Management - Management emphasized the importance of monitoring various risks, including economic conditions and regulatory changes, which could impact future performance [124]. - The company regularly assesses the valuation of other real estate owned (OREO), which totaled $863,000 at March 31, 2025, a decrease of 64.5% from $2.4 million at December 31, 2024 [156].