Credit Losses and Loan Performance - The Allowance for Credit Losses on Loans (ACL - Loans) totaled $17.7 million at December 31, 2025, an increase of $204,000, or 1.2%, from $17.5 million at December 31, 2024[63]. - Nonperforming loans increased by $282,000 in 2025 compared to 2024, primarily due to nine commercial loans totaling $2.7 million and two commercial real estate loans totaling $5.2 million becoming nonaccrual[58]. - The ratio of ACL - Loans to total loans was 1.01% at December 31, 2025, compared to 1.00% at December 31, 2024[63]. - The company recognized no interest income on nonaccrual loans in 2025, with an additional $1.4 million in potential interest income that could have been recognized if these loans had performed as expected[59]. - Net charge-offs for the year ended December 31, 2025, were $7.3 million, compared to $5.5 million in 2024, reflecting an increase in credit losses[65]. - The provision for credit losses on loans was $7.5 million for the year ended December 31, 2025, up from $6.1 million in 2024[65]. - The company continues to monitor credit quality and may need to increase the ACL - Loans based on future economic conditions and borrower performance[64]. Deposits and Liquidity - CFBank's total deposits at December 31, 2025, amounted to $1.761 billion, with interest-bearing deposits representing 83.96% of total deposits[88]. - Brokered deposits decreased by $20.4 million, or 4.9%, from $420.8 million at December 31, 2024, to $400.4 million at December 31, 2025[85]. - CFBank's average balance of interest-bearing checking accounts was $112.290 million in 2025, with an average interest rate of 4.32%[88]. - FHLB advances totaled $58.0 million at December 31, 2025, with eligibility to borrow up to $242.7 million based on collateral pledged[89]. - The Holding Company's available cash and cash equivalents totaled $522,000 at December 31, 2025, indicating adequate liquidity to meet operating needs[81]. - CFBank's certificate accounts of $250,000 or more totaled $463.6 million at December 31, 2025, with a weighted average rate of 4.06%[87]. - Customer balances in the CDARS and ICS reciprocal programs increased by $7.0 million, or 2.6%, from $271.7 million at December 31, 2024, to $278.7 million at December 31, 2025[85]. - The Holding Company had an outstanding balance of $43.0 million on its credit facility as of December 31, 2025[90]. - CFBank had $65.0 million of availability in unused lines of credit with two commercial banks at December 31, 2025[92]. Regulatory Environment - The Holding Company is regulated by the FRB under the Bank Holding Company Act and is subject to various disclosure and regulatory requirements[97]. - CFBank is primarily regulated by the OCC and is also subject to FDIC regulations, which insure deposits to the maximum extent permitted by law[98]. - The Dodd-Frank Act established the CFPB to regulate consumer financial products and services, ensuring fair and transparent markets[99]. - The Holding Company must act as a source of financial strength to its subsidiary banks and may be required to contribute additional capital if needed[103]. - The Holding Company became a registered bank holding company and elected financial holding company status, but decertified this status due to CFBank's "Needs to Improve" rating[106][109]. - National banks, including CFBank, must maintain a minimum common equity tier 1 capital ratio of 4.5%, a minimum Tier 1 capital ratio of 6.0%, and a minimum total capital ratio of 8.0%[120]. - CFBank is required to maintain a common equity tier 1 capital ratio of at least 6.5% to be considered "well-capitalized" as of December 31, 2025[130]. - The Holding Company qualifies for exemption from the FRB's consolidated risk-based capital and leverage rules under the Small Bank Holding Company Policy Statement[131]. - The Regulatory Relief Act eased restrictions on bank holding companies with consolidated assets of less than $100 billion, including the Company[112]. - The OCC has broad enforcement powers over national banks, including the ability to impose fines and appoint a conservator if certain conditions are met[117]. - CFBank's deposits are insured up to $250,000 per separately insured depositor by the FDIC, backed by the full faith and credit of the U.S. Government[132]. - The FDIC has established a designated reserve ratio (DRR) of 2.0%, with a restoration plan to return to a minimum DRR of 1.35% by September 30, 2028[133]. Taxation and Financial Performance - As of December 31, 2025, the Holding Company had a total of $522,000 in cash available for dividend payments[136]. - CFBank's CRA rating was "Needs to Improve" as of March 2023, primarily due to its legacy direct-to-consumer residential mortgage business[143]. - The Company strategically scaled down its residential mortgage business starting in 2021, focusing on regional market lending[143]. - Federal income tax laws provided deductions totaling $2.3 million for the Company's thrift bad debt reserves established before 1988[138]. - The Company is subject to federal income taxation and has deferred tax assets primarily composed of U.S. net operating losses and temporary book-to-tax differences[169]. Cybersecurity and Data Protection - CFBank is subject to regulatory guidelines for safeguarding customer information, ensuring the security and confidentiality of customer records[158]. - The Company has not detected significant data loss or material financial losses related to cybersecurity attacks, but risks and exposures are expected to remain high due to evolving threats and increased use of technology-based services[166]. - The Company expects ongoing state-level activity in privacy and cybersecurity regulations, continually monitoring developments in states where customers are located[165]. - The Company employs significant resources to manage cybersecurity controls, including preventative and detective tools to monitor suspicious activity[166]. Interest Rate and Economic Impact - Changes in market interest rates could materially affect net interest income, loan volume, asset quality, and overall profitability[373]. - The Company has a hedging policy allowing economic hedging activities, such as interest-rate swaps, up to a notional amount of 10% of total assets[369]. - Rising interest rates are generally associated with lower volumes of residential mortgage loan originations, while falling rates are associated with higher volumes[374]. - At December 31, 2025, CFBank's Economic Value of Equity (EVE) ratios range from 11.7% to 12.7% under interest rate shocks of +400 bps to -400 bps, all within acceptable ranges established by the Board of Directors[372].

Core Viewpoint - CF Bankshares (CFBK) is highlighted as a relatively obscure small regional bank that operates outside the mainstream market attention, suggesting potential investment opportunities due to its lesser-known status [1]. Company Insights - CF Bankshares is noted for being one of the more obscure banks in the financial sector, indicating that it may not be accurately reflecting the opportunities available in its market [1]. Market Perspective - The article emphasizes the belief in the efficiency of financial markets, suggesting that stocks often reflect their true value, but also points out that the best profit opportunities may arise from stocks that are less followed by average investors [1].

分组1 - CF Bankshares Inc. reported quarterly earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, and up from $0.68 per share a year ago, representing an earnings surprise of +15.79% [1] - The company posted revenues of $15.75 million for the quarter ended December 2025, which missed the Zacks Consensus Estimate by 1.22%, compared to year-ago revenues of $13.98 million [2] - CF Bankshares shares have increased approximately 26.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $16.12 million, and for the current fiscal year, it is $3.68 on revenues of $68.18 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 25% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income for Q4 2025 was $5.7 million ($0.88 per diluted common share), representing a 31% increase in net income for the full year to $17.5 million ($2.69 per diluted common share) compared to 2024[6][11]. - Pre-provision, pre-tax net revenue (PPNR) for Q4 2025 was $8.0 million, with a full year PPNR of $29.8 million, a 30% increase over 2024[6][11]. - Net interest income for the year ended December 31, 2025, was $55.0 million, an 18% increase compared to $46.6 million in 2024[38]. - Net income attributable to common stockholders for the year ended December 31, 2025, was $17.0 million, reflecting a 31% increase from $13.0 million in 2024[38]. - Basic earnings per common share for the year ended December 31, 2025, was $2.70, up from $2.08 in 2024[38]. - Noninterest income for the year ended December 31, 2025, totaled $5.9 million, a 15% increase from $5.2 million in 2024[38]. - Net interest income for Q4 2025 was $14,323,000, an increase of 14.3% from $12,533,000 in Q4 2024[41]. - Net income for Q4 2025 reached $5,736,000, up 29.8% compared to $4,417,000 in Q4 2024[41]. - Basic earnings per share for Q4 2025 was $0.88, a significant increase from $0.68 in Q4 2024[41]. Asset Quality - Nonaccrual loans increased to $15.3 million, or 0.87% of total loans, as of December 31, 2025[25]. - The allowance for credit losses on loans and leases was $17.7 million, with a ratio of 1.01% to total loans and leases[27]. - Provision for credit losses on loans increased by 23% to $7.5 million for the year ended December 31, 2025, compared to $6.1 million in 2024[38]. - Provision for credit losses decreased to $1,169,000 in Q4 2025 from $1,381,000 in Q4 2024, indicating improved asset quality[41]. - Nonperforming loans as a percentage of total loans was 0.87% in Q4 2025, stable compared to 0.87% in Q4 2024[41]. Deposits and Borrowings - Total deposits reached $1.78 billion as of December 31, 2025, reflecting a 0.1% increase from September 30, 2025, and a 1.4% increase from December 31, 2024[29]. - Approximately 29.5% of deposit balances exceeded the FDIC insurance limit of $250,000 as of December 31, 2025, slightly down from 29.7% at September 30, 2025[30]. - Total borrowings amounted to $101.0 million at December 31, 2025, unchanged from September 30, 2025, and up from $92.7 million at December 31, 2024[31]. - Noninterest-bearing deposits increased to $285,523 thousand from $277,629 thousand in the previous quarter, a growth of 2.3%[39]. Efficiency and Growth - The efficiency ratio improved to 49.2% for Q4 2025, down from 53.2% in Q4 2024[6]. - The company anticipates stronger commercial growth rates in 2026 due to a decline in commercial loan payoffs and the addition of high-performing bankers[9]. - The efficiency ratio improved to 49.17% in Q4 2025 from 53.17% in Q4 2024, reflecting better cost management[41]. - Total risk-based capital ratio improved to 15.02% in Q4 2025 from 13.60% in Q4 2024, demonstrating enhanced financial stability[41]. Interest and Loans - Net Interest Margin (NIM) increased by 28 basis points for Q4 2025 and 34 basis points for the full year compared to 2024[6]. - Cost of Funds declined by 45 basis points in Q4 2025 and 48 basis points for the full year compared to 2024[6]. - Commercial Loan fundings totaled $369 million in 2025, helping to offset significant loan payoffs[6]. - Net loans and leases stood at $1,738,854 thousand, a slight increase from $1,728,284 thousand in the prior quarter, indicating a growth of 0.4%[39]. - Interest-earning assets totaled $2,008,013 thousand, with a yield of 5.98%, compared to $1,997,220 thousand and a yield of 6.08% in the prior quarter[40]. - Average interest-bearing liabilities were $1,609,249 thousand, with an average yield of 3.91%, down from 4.12% in the prior quarter[40].

Core Insights - CF Bankshares Inc. reported a net income of $5.7 million for Q4 2025, a significant increase from $2.3 million in Q3 2025 and $4.4 million in Q4 2024, indicating strong financial performance [4][10][14] - The company declared a cash dividend of $0.09 per share on common stock and $9.00 per share on Series D Preferred Stock, reflecting a commitment to returning value to shareholders [3] Financial Performance - Net income for the year ended December 31, 2025, totaled $17.5 million, representing a 31% increase compared to $13.4 million in 2024 [10][14] - Pre-provision, pre-tax net revenue (PPNR) for Q4 2025 was $8.0 million, up from $7.8 million in Q3 2025 and $6.5 million in Q4 2024, while the annual PPNR reached $29.8 million, a 30% increase from 2024 [9][10][14] - The efficiency ratio improved to 49.2% for Q4 2025, down from 53.2% in Q4 2024, indicating enhanced operational efficiency [14] Net Interest Income and Margin - Net interest income for Q4 2025 was $14.3 million, a 3.9% increase from $13.8 million in Q3 2025 and a 14.3% increase from $12.5 million in Q4 2024 [11][14] - The net interest margin (NIM) for Q4 2025 was 2.85%, up 9 basis points from Q3 2025 and 28 basis points from Q4 2024 [12][14] Loan and Deposit Growth - Total loans and leases increased to $1.7 billion as of December 31, 2025, reflecting a 0.6% increase from the prior quarter and a 1.0% increase from the previous year [21][22] - Deposits totaled $1.78 billion at December 31, 2025, a slight increase of 0.1% from the prior quarter and a 1.4% increase from the previous year [30][31] Asset Quality - Nonaccrual loans increased to $15.3 million, or 0.87% of total loans, as of December 31, 2025, up from $10.0 million in Q3 2025 [25] - The allowance for credit losses on loans and leases was $17.7 million, representing 1.01% of total loans, compared to 0.97% in Q3 2025 [27] Capital Position - Stockholders' equity increased to $184.4 million as of December 31, 2025, a 2.9% increase from the prior quarter and a 9.5% increase from the previous year [33] - The Tier 1 Leverage ratio stood at 11.40% and the Total Capital ratio at 15.02%, indicating a strong capital position [14]

Core Insights - CF Bankshares Inc. has appointed John Wilgus as Senior Vice President to enhance its commercial and commercial real estate banking capabilities [1][5] - John Wilgus brings over 32 years of experience in commercial banking, particularly in commercial real estate lending and relationship management [2] - The company aims to strengthen its boutique banking model and personalized service through Wilgus's extensive experience and market knowledge [5][6] Company Overview - CF Bankshares Inc. is the parent company of CFBank, which operates as a boutique commercial bank in five major metro markets: Columbus, Cleveland, Cincinnati, Akron, and Indianapolis [6] - Since its recapitalization in 2012, CFBank has achieved a compound annual growth rate (CAGR) of 20% [6] - CFBank focuses on serving closely held businesses and entrepreneurs with a range of financial services, including commercial loans, real estate loans, and treasury management [7] Leadership and Strategy - Brad Ringwald, President of CFBank, expressed excitement about Wilgus's addition, highlighting the alignment with the bank's commitment to personalized service [5] - Tim O'Dell, President and CEO of CF Bankshares, noted that Wilgus's experience reinforces the company's strategy of attracting seasoned bankers who prioritize relationships and local decision-making [5]

Core Viewpoint - CF Bankshares Inc. announced a quarterly cash dividend of $0.09 per share on common stock and $9.00 per share on Series D preferred stock, marking a 13% increase from the previous dividend [1][2]. Group 1: Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.09 per share on common stock and $9.00 per share on Series D preferred stock [1]. - The dividend represents a 13% increase over the previous quarterly dividend [1]. - The dividend is payable on January 26, 2026, to shareholders of record as of January 15, 2026 [1]. Group 2: Company Overview - CF Bankshares Inc. is the parent company of CFBank, a nationally chartered boutique commercial bank [2]. - CFBank operates primarily in five major metro markets: Columbus, Cleveland, Cincinnati, Akron in Ohio, and Indianapolis in Indiana [2]. - Since its recapitalization in 2012, CFBank has achieved a compound annual growth rate (CAGR) of 20% [2]. Group 3: Business Focus - CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs through comprehensive commercial, retail, and mortgage lending services [3]. - The bank provides a range of services including commercial loans, equipment leases, real estate loans, and treasury management [3]. - CFBank differentiates itself by offering individualized service and direct access to decision-makers, matching the sophistication of larger banks without the associated bureaucracy [3].

Financial Position - Total assets increased by $45.5 million, or 2.2%, to $2.11 billion as of September 30, 2025, compared to $2.07 billion at December 31, 2024[187] - Cash and cash equivalents rose by $37.1 million, or 15.8%, totaling $272.4 million at September 30, 2025, primarily due to a $22.8 million increase in deposits[188] - Total deposits reached $1.78 billion as of September 30, 2025, reflecting a $22.8 million, or 1.3%, increase from $1.76 billion at December 31, 2024[207] - Stockholders' equity increased to $179.3 million at September 30, 2025, a rise of $10.9 million, or 6.4%, from $168.4 million at December 31, 2024[215] - Total liquidity available increased to $671.1 million at September 30, 2025, compared to $616.6 million at December 31, 2024[258] Loan Performance - Net loans and leases increased by $6.3 million, or 0.4%, to $1.73 billion at September 30, 2025, driven by a $54.3 million increase in commercial real estate loans[190] - Nonperforming loans decreased by $5.0 million to $10.0 million at September 30, 2025, resulting in a ratio of 0.57% to total loans[196] - Total past due loans decreased by $6.9 million to $5.6 million at September 30, 2025, representing 0.3% of the loan portfolio[201] - The level of total criticized and classified loans decreased by $7.2 million, or 21.8%, during the nine months ended September 30, 2025[199] Income and Expenses - As of September 30, 2025, net income totaled $2.3 million, a decrease of 45.2% from $4.2 million for the same period in 2024[218] - Net interest income for the quarter ended September 30, 2025 was $13.8 million, an increase of $2.3 million, or 20.3%, compared to $11.5 million for the same quarter in 2024[219] - Noninterest income for the quarter ended September 30, 2025 was $1.7 million, an increase of $112,000, or 7.0%, from $1.6 million in the same quarter of 2024[225] - Noninterest expense increased to $23.4 million for the nine months ended September 30, 2025, up $1.9 million, or 9.0%, from $21.5 million in 2024, primarily due to increased salaries and employee benefits[238] Credit Losses - The allowance for credit losses on loans decreased by $633,000, or 3.6%, to $16.8 million at September 30, 2025, with a ratio of 0.97% to total loans[191] - The provision for credit losses expense increased to $5.1 million for the quarter ended September 30, 2025, up from $558,000 in the same quarter of 2024[223] - Provision for credit losses increased to $7.1 million for the nine months ended September 30, 2025, reflecting an increase of $1.7 million compared to $5.4 million in 2024[236] Interest Income and Expense - Interest income increased to $89.9 million for the nine months ended September 30, 2025, up $1.5 million, or 1.7%, from $88.4 million in 2024, primarily due to a $52.3 million, or 3.1%, increase in average loans and leases outstanding[234] - Interest expense decreased to $49.2 million for the nine months ended September 30, 2025, down $5.1 million, or 9.3%, from $54.3 million in 2024, attributed to a 54bps decrease in the average rate of interest-bearing deposits[235] - Interest expense decreased to $16.6 million for the quarter ended September 30, 2025, down $2.0 million, or 10.6%, compared to $18.5 million for the same quarter in 2024[221] Taxation - Income tax expense was $2.9 million for the nine months ended September 30, 2025, an increase of $878,000, or 43.7%, compared to $2.0 million in 2024[239] - The effective tax rate for the nine months ended September 30, 2025, was approximately 19.7%, compared to approximately 18.3% for the same period in 2024[239] Operational Efficiency - The net interest margin improved to 2.76% for the quarter ended September 30, 2025, an increase of 35 basis points from 2.41% in the third quarter of 2024[219] - The net interest margin for the nine months ended September 30, 2025, was 2.74%, an increase of 36bps from 2.38% in 2024[247] - Average interest-earning assets increased to $1.976 billion for the nine months ended September 30, 2025, with total interest-earning assets generating $89.9 million in interest income[247] Liquidity and Borrowing - Additional borrowing capacity at the FHLB decreased by $4.7 million, or 2.5%, to $181.6 million due to a decline in pledged collateral[259] - Additional borrowing capacity at the FRB increased by $18.3 million, or 14.4%, to $145.7 million, providing access to short-term funds[260] - The Holding Company had an outstanding balance of $43.0 million on its credit facility as of September 30, 2025[270] - Annual debt service on subordinated debentures is approximately $370,000, with an interest rate of 7.11% as of September 30, 2025[268] - The annual debt service on the Company's $10 million fixed-to-floating rate subordinated notes is approximately $840,000, with an interest rate of 8.40% as of September 30, 2025[269] Internal Controls and Compliance - The company maintains effective disclosure controls and procedures as of September 30, 2025, ensuring timely reporting and decision-making[277] - There were no changes in internal controls over financial reporting in Q3 2025 that materially affected the company's internal control[278]

Core Insights - CF Bankshares Inc. reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.84 per share, and down from $0.65 per share a year ago, representing an earnings surprise of -57.14% [1] - The company posted revenues of $15.51 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.34%, compared to $13.07 million in the same quarter last year [2] - CF Bankshares has underperformed the market, with shares down about 9.2% year-to-date, while the S&P 500 has gained 16.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $16.19 million, and for the current fiscal year, it is $3.16 on revenues of $61.87 million [7] - The estimate revisions trend for CF Bankshares was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 18% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Net income for Q3 2025 was $2.3 million ($0.36 per diluted common share), down from $5.0 million in Q2 2025 and $4.2 million in Q3 2024[12] - Core earnings run rate approximated $5.5 million for Q3, equating to a return on equity (ROE) over 12% and return on assets (ROA) above 1.0%[6] - Net income for Q3 2025 reached $2,340,000, compared to $4,205,000 in Q3 2024, reflecting a decrease of 44.4% year-over-year[42] - Basic earnings per share for Q3 2025 were $0.36, down from $0.68 in Q3 2024, marking a decline of 47.1%[42] Revenue and Income - Pre-provision, pre-tax net revenue (PPNR) for Q3 2025 was $7.8 million, a 33% increase compared to Q3 2024[7] - Net interest income totaled $13.8 million for Q3 2025, a 20.3% increase from $11.5 million in Q3 2024[14] - Noninterest income for Q3 2025 was $1.7 million, an 8.7% increase from the prior quarter[17] - Noninterest income for Q3 2025 was $1.72 million, a 7% increase from $1.61 million in Q3 2024, with service charges on deposit accounts rising by 6% to $696,000[39] - The efficiency ratio improved to 49.82% in Q3 2025 from 55.94% in Q3 2024, indicating better cost management[42] Loan and Asset Quality - Loan delinquencies were 0.32% of total loans, with nonperforming assets (NPAs) at 0.57% as of September 30, 2025[5] - Nonaccrual loans decreased to $10.0 million, or 0.57% of total loans, down from $16.6 million at June 30, 2025[27] - The allowance for credit losses on loans was $16.8 million, representing 0.97% of total loans as of September 30, 2025[28] - The provision for credit losses on loans was $4.82 million for Q3 2025, a significant increase of 513% from $786,000 in Q3 2024[39] - Nonperforming loans to total loans ratio decreased to 0.57% in Q3 2025 from 0.94% in Q3 2024, reflecting improved asset quality[42] Deposits and Capital - Total deposits as of September 30, 2025, were $1.78 billion, a decrease of $31.2 million (1.7%) from $1.81 billion at June 30, 2025, but an increase of $22.8 million (1.3%) from $1.76 billion at December 31, 2024[30] - Stockholders' equity increased to $179.3 million at September 30, 2025, up $2.3 million (1.3%) from $177.0 million at June 30, 2025, and up $10.9 million (6.4%) from $168.4 million at December 31, 2024[33] - Total risk-based capital ratio stood at 14.88% in Q3 2025, compared to 13.76% in Q3 2024, indicating a stronger capital position[42] Loans and Leases - Total loans and leases decreased by $26.5 million, or 1.5%, from the prior quarter, totaling $1.7 billion as of September 30, 2025[23] - New commercial loan production totaled $155 million year to date, with expectations for net commercial loan growth to accelerate in 2026[9] - Net loans and leases stood at $1,728,284,000, down 1.49% from $1,754,808,000 in the previous quarter[40] Interest and Yield - Interest-earning assets totaled $1,997,220,000, generating interest income of $30,369,000, resulting in a yield of 6.08%[41] - The net interest margin for the quarter was 2.76%, compared to 2.83% in the previous quarter[41] - The company reported a net interest income of $13,790,000, with an interest rate spread of 1.96%[41] Other Financial Metrics - Average common shares outstanding for basic earnings were 6,292,698 for Q3 2025, compared to 6,253,716 for Q3 2024[39] - The company has achieved a compound annual growth rate (CAGR) in excess of 20% since its recapitalization in 2012[35] - FHLB advances and other debt totaled $101.0 million at September 30, 2025, slightly up from $100.9 million at June 30, 2025, and significantly up from $92.7 million at December 31, 2024[32] - Approximately 29.7% of deposit balances exceeded the FDIC insurance limit of $250,000 as of September 30, 2025, compared to 29.1% at June 30, 2025[31]