A downtrend has been apparent in CB Financial Services (CBFV) lately. While the stock has lost 5.3% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish ...

[PART I – FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents CB Financial Services, Inc.'s unaudited consolidated financial statements for Q2 2025, covering financial condition, income, and cash flows [Consolidated Statements of Financial Condition](index=4&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) As of June 30, 2025, total assets increased to $1.52 billion from $1.48 billion at December 31, 2024, driven by growth in loans and cash, with total liabilities rising to $1.37 billion and stockholders' equity slightly increasing to $148.4 million Consolidated Statements of Financial Condition (Unaudited) | (Dollars in thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **ASSETS** | | | | Total Cash and Due From Banks | $64,506 | $49,572 | | Total Securities | $267,171 | $262,153 | | Loans, Net | $1,101,102 | $1,082,821 | | **TOTAL ASSETS** | **$1,517,984** | **$1,481,564** | | **LIABILITIES** | | | | Total Deposits | $1,309,432 | $1,283,517 | | **TOTAL LIABILITIES** | **$1,369,622** | **$1,334,186** | | **STOCKHOLDERS' EQUITY** | | | | **TOTAL STOCKHOLDERS' EQUITY** | **$148,362** | **$147,378** | | **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | **$1,517,984** | **$1,481,564** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q2 2025 increased to $3.9 million, driven by higher net interest income and lower noninterest expenses Quarterly Income Statement Highlights (Unaudited) | (Dollars in thousands, except per share data) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Interest and Dividend Income | $12,540 | $11,470 | | Total Noninterest Income | $931 | $688 | | Total Noninterest Expense | $8,748 | $8,984 | | **Net Income** | **$3,949** | **$2,650** | | **Diluted EPS** | **$0.74** | **$0.51** | Six-Month Income Statement Highlights (Unaudited) | (Dollars in thousands, except per share data) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Interest and Dividend Income | $23,850 | $23,062 | | Total Noninterest Income | $1,718 | $2,604 | | Total Noninterest Expense | $18,549 | $17,412 | | **Net Income** | **$5,858** | **$6,847** | | **Diluted EPS** | **$1.09** | **$1.33** | [Consolidated Statements of Comprehensive Income](index=8&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Total comprehensive income for Q2 2025 was $5.0 million, driven by higher net income and positive other comprehensive income Comprehensive Income Summary (Unaudited) | (Dollars in thousands) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Income | $3,949 | $2,650 | $5,858 | $6,847 | | Other Comprehensive Income (Loss), Net of Tax | $1,054 | $(271) | $2,919 | $(1,604) | | **Total Comprehensive Income** | **$5,003** | **$2,379** | **$8,777** | **$5,243** | [Consolidated Statements of Changes In Stockholders' Equity](index=9&type=section&id=Consolidated%20Statements%20of%20Changes%20In%20Stockholders'%20Equity) Stockholders' equity increased by $0.98 million for the six months ended June 30, 2025, driven by net income and OCI, offset by share repurchases and dividends - Key changes in stockholders' equity for the six months ended June 30, 2025 include: Net Income of **$5.9 million**, Other Comprehensive Income of **$2.9 million**, treasury stock purchases of **$6.8 million**, and dividends paid of **$2.5 million**[15](index=15&type=chunk) [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash and cash equivalents increased by $14.9 million for the six months ended June 30, 2025, with positive contributions from operating and financing activities Six-Month Cash Flow Summary (Unaudited) | (Dollars in thousands) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $8,159 | $2,094 | | Net Cash Used in Investing Activities | $(10,931) | $(7,755) | | Net Cash Provided by Financing Activities | $17,706 | $80,038 | | **Increase in Cash and Cash Equivalents** | **$14,934** | **$74,377** | [Notes to the Consolidated Financial Statements (Unaudited)](index=14&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements%20(Unaudited)) The notes provide critical context to the financial statements, detailing accounting policies for ACL, loan portfolio, and off-balance-sheet commitments - The company's critical accounting policies, susceptible to significant change, relate to the Allowance for Credit Losses (ACL), valuation of foreclosed real estate, and impairment evaluations of securities and goodwill[24](index=24&type=chunk)[31](index=31&type=chunk) - The company has one reportable segment: community banking services[28](index=28&type=chunk) Loan Portfolio Composition | (Dollars in thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Residential Real Estate | $329,324 | $337,990 | | Commercial Real Estate | $513,197 | $485,513 | | Construction | $40,680 | $54,705 | | Commercial and Industrial | $138,221 | $112,047 | | Consumer & Other | $89,402 | $102,371 | | **Total Loans** | **$1,110,824** | **$1,092,626** | - Nonperforming assets were **$1.9 million** at June 30, 2025, up slightly from **$1.8 million** at year-end 2024, with nonaccrual loans remaining stable at approximately **$1.8 million**[70](index=70&type=chunk) - The Allowance for Credit Losses (ACL) on loans was **$9.7 million** at June 30, 2025, compared to **$9.8 million** at December 31, 2024, representing **0.88%** of total loans[61](index=61&type=chunk)[73](index=73&type=chunk)[74](index=74&type=chunk) - Total off-balance-sheet credit commitments increased to **$196.6 million** at June 30, 2025, from **$167.6 million** at year-end 2024, primarily due to a rise in commercial lines of credit[102](index=102&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses financial performance, highlighting asset and loan growth, increased Q2 2025 net income, and strong capital, despite a six-month net income decline - Total assets increased by **$36.4 million (2.5%)** to **$1.52 billion** at June 30, 2025, from December 31, 2024[138](index=138&type=chunk) - Total loans grew by **$18.2 million (1.7%)** in the first six months of 2025, driven by commercial real estate and commercial & industrial loan growth, offsetting declines in consumer lending[143](index=143&type=chunk) - Total deposits increased by **$25.9 million (2.0%)**, with a strategic shift towards core deposits (demand and savings) and away from time deposits[141](index=141&type=chunk) - Q2 2025 net income increased by **$1.3 million** YoY to **$3.9 million**, primarily due to a **$1.1 million** increase in net interest income and a **$236,000** decrease in noninterest expense[146](index=146&type=chunk)[147](index=147&type=chunk)[158](index=158&type=chunk) - Six-month 2025 net income decreased by **$989,000** YoY to **$5.9 million**, mainly due to a **$2.1 million** increase in salary/benefit costs (including a one-time reduction-in-force expense) and lower noninterest income compared to 2024, which included significant gains[160](index=160&type=chunk)[171](index=171&type=chunk)[173](index=173&type=chunk) - Tangible book value per common share (Non-GAAP) increased by **4.0%** to **$27.88** at June 30, 2025, from **$26.82** at December 31, 2024[137](index=137&type=chunk)[145](index=145&type=chunk) [Quantitative and Qualitative Disclosure about Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20about%20Market%20Risk.) The company's primary market risk is interest rate risk, managed via NII and EVE sensitivity modeling to rate shifts, remaining within policy limits - The company's most significant market risk is interest rate risk, which is monitored through simulation modeling of Net Interest Income (NII) and Economic Value of Equity (EVE)[191](index=191&type=chunk)[192](index=192&type=chunk) Interest Rate Sensitivity Analysis (at June 30, 2025) | Change in Interest Rates (Basis Points) | EVE Percent Change | Net Interest Earnings at Risk Percent Change | | :--- | :--- | :--- | | +400 | (12.6)% | +9.6% | | +200 | (6.4)% | +4.8% | | +100 | (3.0)% | +2.5% | | Flat | 0.0% | 0.0% | | (100) | +2.5% | (2.5)% | | (200) | +3.5% | (5.2)% | [Controls and Procedures](index=53&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management concluded disclosure controls were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[199](index=199&type=chunk) - There were no changes in internal control over financial reporting during the quarter ended June 30, 2025, that materially affected, or are reasonably likely to materially affect, internal controls[200](index=200&type=chunk) [PART II - OTHER INFORMATION](index=54&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=54&type=section&id=Item%201.%20Legal%20Proceedings.) The company is involved in various claims, but management believes no pending legal proceedings will materially affect its financial condition or operations - The company is not a party to any pending legal proceedings that are expected to have a material adverse effect on its financial condition or results of operations[201](index=201&type=chunk) [Risk Factors](index=54&type=section&id=Item%201A.%20Risk%20Factors.) No material changes to risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2024, are reported - The report refers to the risk factors discussed in the Annual Report on Form 10-K for the year ended December 31, 2024, indicating no material changes[202](index=202&type=chunk) [Issuer Purchases of Equity Securities](index=54&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities,%20Use%20of%20Proceeds%20and%20Issuer%20Purchases%20of%20Equity%20Securities.) During Q2 2025, the company repurchased 151,893 common shares at an average of $28.92, completing the July 2024 stock repurchase program Common Stock Purchases for Q2 2025 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 56,397 | $28.33 | | May 2025 | 73,777 | $29.43 | | June 2025 | 21,719 | $28.74 | | **Total** | **151,893** | **$28.92** | - The stock repurchase program announced on July 22, 2024, was completed on June 13, 2025[204](index=204&type=chunk) [Defaults Upon Senior Securities](index=54&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) Not applicable; the company reports no defaults upon senior securities - Not applicable[205](index=205&type=chunk) [Mine Safety Disclosures](index=54&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) Not applicable; the company has no mine safety disclosures to report - Not applicable[206](index=206&type=chunk) [Other Information](index=54&type=section&id=Item%205.%20Other%20Information.) No directors or executive officers adopted or terminated Rule 10b5-1 trading plans during Q2 2025 - No directors or executive officers adopted or terminated any Rule 10b5-1 trading plans during the three months ended June 30, 2025[207](index=207&type=chunk) [Exhibits](index=55&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with Form 10-Q, including CEO and CFO certifications and XBRL financial statements - Exhibits filed include CEO and CFO certifications (Rule 13a-14(a) and Section 906) and XBRL interactive data files[208](index=208&type=chunk)

Group 1 - CB Financial Services, Inc. (CBFV) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a recent "golden cross" formation [1] - The golden cross occurs when a stock's 50-day simple moving average breaks above its 200-day moving average, indicating a potential bullish breakout [1] - CBFV has moved 6.6% higher over the last four weeks, suggesting it may be on the verge of a breakout [3] Group 2 - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong investor interest [3] - Positive earnings outlook for the current quarter further solidifies the bullish case for CBFV, with no earnings estimates going lower in the past two months and two revisions higher [3] - The Zacks Consensus Estimate for CBFV has also increased, reflecting improved investor sentiment [3] Group 3 - Investors are encouraged to consider adding CBFV to their watchlist due to the important technical indicator and positive movement in earnings estimates [5]

Core Viewpoint - Investors are encouraged to consider CB Financial Services (CBFV) due to improving earnings estimates and positive stock momentum [1][2] Earnings Estimates - Analysts are increasingly optimistic about the earnings prospects of CB Financial Services, leading to higher earnings estimates that are expected to positively impact the stock price [2] - The current-quarter earnings estimate is projected at $0.65 per share, reflecting an 18.2% year-over-year increase, with a 30% rise in the Zacks Consensus Estimate over the last 30 days [6] - For the full year, the earnings estimate stands at $2.57 per share, indicating a 26.6% increase from the previous year, supported by two upward revisions and no negative changes [7] Zacks Rank - CB Financial Services has achieved a Zacks Rank 1 (Strong Buy) due to strong agreement among analysts in revising earnings estimates upward, which historically correlates with stock performance [3][8] - The Zacks Rank system has shown that stocks rated 1 have generated an average annual return of +25% since 2008, indicating a strong potential for outperformance [3] Stock Performance - The stock has experienced a 15.4% gain over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9]

Group 1: Stock Recommendations - Hasbro, Inc. (HAS) has seen a 3.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 3.7%, significantly higher than the industry average of 0.0% [1] - CB Financial Services, Inc. (CBFV) has experienced an 18.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, with a dividend yield of 3.1%, compared to the industry average of 2.7% [2] - MAG Silver Corp. (MAG) has had a 17.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 2: Additional Information - Another Zacks Rank 1 company has a dividend yield of 1.1%, which is above the industry average of 0.3% [3]

CB Financial Services (CBFV) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +85.00%. A quarter ago, it was expected that this holding company for Pennsylvania-based Community Bank would post earnings of $0.43 per share when it actually produced earnings of $0.5, delivering a surprise ...

EXHIBIT 99.1 CB Financial Services, Inc. Announces Second Quarter 2025 Financial Results and Declares Quarterly Cash Dividend Increase of 4% WASHINGTON, PA., July 22, 2025 -- CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM: CBFV), the holding company of Community Bank (the "Bank"), today announced its second quarter and year-to-date 2025 financial results. | | | | | Three Months Ended | | | | Six Months Ended | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 6/30/25 | 3/3 ...

Financial Performance - Net income for Q2 2024 was $2.7 million, with diluted earnings per share of $0.51[24] - Net interest income was $11.5 million, a decrease of 1.0% from Q1 2024 but an increase of 3.1% from Q2 2023[24] - Net interest margin was 3.18%, down 18 bps from Q1 2024 and 11 bps from Q2 2023[24] - Return on average tangible common equity was 8.99% for Q2 2024, compared to 12.20% in Q2 2023[24] Balance Sheet - Net loans decreased 1.6% from March 31, 2024, to $1.07 billion, and 2.9% from December 31, 2023[24] - Deposits increased 6.9% from March 31, 2024, to $1.35 billion, and 6.5% from December 31, 2023[24] - Core deposits (non-time) were 74% of total deposits at June 30, 2024[24] Asset Quality and Capital - Nonperforming loans to total loans was 0.17% and nonperforming assets to total assets was 0.13% as of June 30, 2024[24] - The Bank's Tier 1 Leverage ratio was 9.98% at June 30, 2024, compared to 10.19% at December 31, 2023[24] - Available liquidity covers 337% of uninsured/non-collateralized deposits[24] Stock Information - CBFV Share Price was $22.66 as of July 22, 2024[9] - Shares Outstanding were 5.1 million[9] - Market Cap was $120.1 million[9]

Financial Performance - Net income for the three months ended March 31, 2025, was $1.9 million, a decrease of $2.3 million compared to $4.2 million for the same period in 2024[139]. - Net interest income decreased by $280,000, or 2.4%, to $11.3 million for the three months ended March 31, 2025, compared to $11.6 million for the same period in 2024[140]. - Noninterest income decreased by $1.1 million, or 58.9%, to $787,000 for the three months ended March 31, 2025, compared to $1.9 million for the same period in 2024[151]. - Noninterest expense increased by $1.4 million, or 16.3%, to $9.8 million for the three months ended March 31, 2025, primarily due to a $1.5 million increase in salaries and benefits[152]. - Income tax expense was $427,000 for the three months ended March 31, 2025, compared to $920,000 for the same period in 2024, driven by a decrease in pre-tax income[153]. Asset and Liability Management - Total assets increased by $1.9 million, or 0.1%, to $1.483 billion as of March 31, 2025, compared to $1.482 billion at December 31, 2024[131]. - Total deposits decreased by $2.4 million to $1.281 billion as of March 31, 2025, compared to $1.284 billion at December 31, 2024[134]. - The Company's total loans amounted to $1.088 billion, reflecting a decrease of $4.1 million, or 0.4%, from $1.093 billion at December 31, 2024[165]. - The Company's most liquid assets, cash and due from banks, totaled $61.3 million at March 31, 2025, while unpledged securities provided an additional liquidity source of $95.6 million[157]. - At March 31, 2025, 88.6% of total time deposits, amounting to $237.3 million, are set to mature within one year, indicating potential liquidity challenges if deposits are not retained[158]. Credit Quality - Nonperforming loans increased to $2.4 million at March 31, 2025, from $1.8 million at December 31, 2024, resulting in a nonperforming loans to total loans ratio of 0.22%[136]. - The allowance for credit losses (ACL) was $9.82 million at March 31, 2025, remaining stable compared to $9.81 million at December 31, 2024[136]. - Net charge-offs for the three months ended March 31, 2025, were $54,000, or 0.02% of average loans on an annualized basis[136]. - Provision for credit losses recorded a net recovery of $40,000 for the three months ended March 31, 2025, compared to a net recovery of $37,000 for the same period in 2024[150]. Capital Adequacy - Stockholders' equity increased by $911,000, or 0.6%, to $148.3 million at March 31, 2025, compared to $147.4 million at December 31, 2024[137]. - The Bank's Common Equity Tier 1 capital ratio was 14.94% as of March 31, 2025, exceeding the minimum requirement of 4.50% for capital adequacy purposes[164]. - The Bank's total capital ratio was 15.95% as of March 31, 2025, well above the 10.00% required to be considered well capitalized[164]. Interest Income and Expense - Interest income on a fully tax-equivalent (FTE) basis was $17.903 million for the three months ended March 31, 2025, compared to $18.025 million for the same period in 2024[129]. - Interest and dividend income decreased by $139,000, or 0.8%, to $17.8 million for the three months ended March 31, 2025, compared to $18.0 million for the same period in 2024[143]. - Interest income on loans decreased by $310,000, or 2.1%, to $14.5 million for the three months ended March 31, 2025, with the average balance of loans decreasing by $12.8 million to $1.08 billion[143]. - Interest income on taxable investment securities increased by $474,000, or 20.6%, to $2.8 million for the three months ended March 31, 2025, driven by a $42.6 million increase in average balances[143]. - Interest expense increased by $141,000, or 2.2%, to $6.5 million for the three months ended March 31, 2025, compared to $6.4 million for the same period in 2024[143]. Interest Rate Risk Management - The Company actively monitors interest rate risk, utilizing a simulation model to assess the impact of interest rate changes on net interest income and economic value of equity[169]. - EVE decreased by $28,500, resulting in a 13.5% change at an interest rate increase of 400 basis points[174]. - A decrease of 400 basis points led to a net interest income change of $7,355, reflecting a 3.5% increase[174]. - The earnings at risk increased by $3,481, representing a 6.8% change at an interest rate increase of 400 basis points[174]. - The EVE ratio at a flat interest rate is 14.83[174].

Financial Performance - Net income for Q1 2025 was $1.909 million, a decrease of 24.5% from $2.529 million in Q4 2024 and a decrease of 54.4% from $4.196 million in Q1 2024[3] - Basic Earnings Per Share (EPS) for the three months ended March 31, 2025, was $0.37, a decrease of 54.9% compared to $0.82 for the same period last year[32] - Diluted EPS for the same period was $0.35, down 57.3% from $0.82 year-over-year[32] - Adjusted Net Income (Non-GAAP) decreased to $1,909 thousand in Q1 2025 from $4,537 thousand in Q1 2024, a decline of 57.9%[40] - Net Income for Q1 2025 was $1,909 thousand, down 54.5% from $4,196 thousand in Q1 2024[40] Asset and Equity Management - Total assets increased by $1.9 million, or 0.1%, to $1.48 billion at March 31, 2025, compared to $1.48 billion at December 31, 2024[4] - Stockholders' equity increased by $911,000, or 0.6%, to $148.3 million as of March 31, 2025, compared to $147.4 million at December 31, 2024[22] - Book value per common share rose to $29.08 at March 31, 2025, an increase of $0.37 from $28.71 at December 31, 2024[23] - Total assets as of March 31, 2025, were $1,467,695, a decrease from $1,536,100 on December 31, 2024[36] Income and Expense Analysis - Total interest and dividend income decreased to $17.847 million for the three months ended March 31, 2025, compared to $19.431 million for the previous quarter[31] - Total noninterest expense increased to $9.802 million for the three months ended March 31, 2025, compared to $9.453 million for the previous quarter[31] - Noninterest income decreased by $1.1 million, or 58.9%, to $787,000 for Q1 2025, primarily due to a prior period gain on bank-owned life insurance[14] - Noninterest expenses increased by $1.4 million, or 16.3%, to $9.8 million for Q1 2025, largely due to $1.0 million in one-time expenses related to a reduction in force[15] Loan and Deposit Trends - Total loans decreased by $4.1 million, or 0.4%, to $1.088 billion as of March 31, 2025, with notable decreases in consumer, commercial, and industrial loans[25] - Total deposits decreased by $2.4 million to $1.281 billion as of March 31, 2025, with time deposits decreasing by $29.1 million[20] - The average yield on loans remained stable at 5.50% despite a 100 basis point reduction in the federal funds rate since September 2024[12] Efficiency and Profitability Ratios - Return on Average Assets decreased to 0.53% from 1.17% in the prior year, indicating a decline in asset efficiency[32] - Return on Average Equity fell to 5.24% from 12.03% year-over-year, showing a significant reduction in profitability[32] - The Efficiency Ratio increased to 81.02% from 62.40% a year ago, suggesting a decline in operational efficiency[32] - Common Equity Tier 1 Capital ratio remained strong at 14.94%, up from 14.50% year-over-year, indicating solid capital management[32] Interest Margin and Rate Analysis - Net interest margin improved to 3.27% for Q1 2025, up from 3.12% in Q4 2024, driven by a reduction in the cost of funds to 2.03% from 2.29%[4] - Net interest margin (FTE) for the quarter was 3.28%, up from 3.13% in the previous quarter[36] - Net interest rate spread (FTE) increased to 2.63% from 2.42% in the previous quarter[36] - Total interest-earning assets amounted to $1,404,371, with a yield of 5.17%[36] Credit Quality and Losses - Asset quality remained strong, with nonperforming loans to total loans at 0.22% at March 31, 2025[4] - The allowance for credit losses (ACL) was $9.82 million at March 31, 2025, maintaining a ratio of 0.90% to total loans[25] - Nonperforming loans increased to $2.4 million at March 31, 2025, resulting in a nonperforming loans to total loans ratio of 0.22%[25] - The company recorded a net recovery for credit losses of $40,000 during the current year[25] Future Initiatives - The company is implementing a Specialty Treasury Payments & Services program, with initial implementation expected near the end of 2025[8]