BLUEFIELD, Va., Jan. 27, 2026 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended December 31, 2025. The Company reported net income of $12.46 million, or $0.68 per diluted common share, for the quarter ended December 31, 2025. Net income for the twelve months ended December 31, 2025, was $48.79 million or $2.65 per diluted common share. The Co ...

Financial Performance - Net income for Q4 2025 was $12.46 million, a decrease of $575 thousand, or 4.41%, compared to Q4 2024[5] - Annual net income for 2025 was $48.79 million, down $2.81 million, or 5.45%, from 2024[5] - Net income for Q4 2025 reached $12,465,000, compared to $12,266,000 in Q3 2025, reflecting a growth of 1.6%[13] - Adjusted net income for diluted earnings per share for Q4 2025 was $12,465,000, compared to $12,266,000 in Q3 2025, reflecting an increase of 1.6%[16] - Adjusted diluted earnings per share for the year ended December 31, 2025, was $2.78, down from $2.84 in 2024, indicating a decrease of 2.1%[16] Dividends - The company declared a quarterly cash dividend of $0.31 per share, marking the 40th consecutive year of regular dividends[2] - The company declared a regular cash dividend of $0.31 per share for Q4 2025, maintaining the same level as previous quarters[13] Assets and Liabilities - Total consolidated assets were $3.26 billion as of December 31, 2025[11] - The total assets as of December 31, 2025, were $3,229,049,000, with stockholders' equity of $513,581,000[18] - Total assets increased to $3,259,643 thousand as of December 31, 2025, up from $3,189,613 thousand on September 30, 2025, representing a growth of 2.19%[24] - Total deposits rose to $2,685,329 thousand, an increase of 2.08% from $2,630,593 thousand in the previous quarter[24] Loan Performance - Non-performing loans to total loans decreased to 0.61%, a reduction of 0.22% compared to Q4 2024[11] - Nonperforming loans to total loans ratio improved to 0.61% from 0.71%, indicating better asset quality[26] - Loans held for investment, net, decreased slightly to $2,283,994 thousand from $2,299,708 thousand, a decline of 0.67%[24] - Net charge-offs for the quarter were $836 thousand, compared to $1,423 thousand in the previous quarter, showing a significant improvement[26] Income and Expenses - Noninterest income increased by approximately $1.09 million, or 10.57%, compared to Q4 2024[5] - Noninterest income increased to $11,429,000 in Q4 2025, up from $10,889,000 in Q3 2025, marking an increase of 5.0%[14] - Total noninterest expense for Q4 2025 was $27,624,000, an increase from $26,279,000 in Q3 2025, representing a rise of 5.1%[15] - The provision for credit losses was $36,000 in Q4 2025, a significant improvement compared to a provision of $(285,000) in Q3 2025[13] Interest Metrics - Net interest margin for Q4 2025 was 4.53%, an increase of 17 basis points from Q4 2024[5] - Total interest income for Q4 2025 was $36,279,000, a slight increase from $35,699,000 in Q3 2025[13] - The total interest expense decreased to $3,918,000 in Q4 2025 from $4,402,000 in Q3 2025, indicating a reduction of 11.0%[13] - Total interest-bearing deposits for Q4 2025 were $1,774,136,000, with a net interest rate spread of 0.88%[18] Equity and Book Value - Book value per share decreased to $27.30, down $1.43 from year-end 2024, primarily due to special dividends declared in 2025[11] - The book value per common share was $27.30, down from $27.89 in the previous quarter[24] - The tangible book value per common share decreased to $18.84 from $19.40, reflecting a decline of 2.88%[24] Merger and Acquisitions - The acquisition of Hometown Bancshares, Inc. was completed on January 23, 2026, with Hometown having total assets of approximately $415 million[4] - The company incurred merger expenses of $2,125,000 in Q4 2025, contributing to total adjustments of $2,125,000 for the quarter[16] Ratios and Returns - Return on average assets for Q4 2025 was 1.53%, unchanged from Q3 2025[13] - Return on average common equity for Q4 2025 was 9.63%, slightly up from 9.58% in Q3 2025[13] - Adjusted return on average assets for Q4 2025 was 1.74%, an increase from 1.60% in Q3 2025[16] - The adjusted return on average common equity for Q4 2025 was 10.94%, up from 10.08% in Q3 2025[16] - The company reported a total allowance for credit losses to nonperforming loans ratio of 217.35%, indicating strong coverage for potential losses[26]

BLUEFIELD, Va., Jan. 26, 2026 (GLOBE NEWSWIRE) -- First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”), parent company of First Community Bank, announced today that it has completed the acquisition of Hometown Bancshares, Inc., (“Hometown”) and Hometown’s wholly owned subsidiary, Union Bank, Inc. The acquisition became effective at the close of business on January 23, 2026. First Community and Hometown previously announced an agreement to merge on July 19, 2025. The c ...

分组1 - First Community Bankshares (FCBC) declared a special dividend of $1 per share, to be distributed to shareholders on January 16, marking the second consecutive year of such dividends [1] - The company is positioned in the financial sector, reflecting a commitment to returning value to shareholders through special dividends [1] 分组2 - The article emphasizes the belief in the efficiency of financial markets, suggesting that stocks often reflect their true value [1] - It highlights that the best investment opportunities may arise from stocks that are less followed by average investors or those that do not accurately represent market opportunities [1]

Core Viewpoint - First Community Bankshares, Inc. declared a special cash dividend of $1.00 per common share to its shareholders, reflecting its strong capital management strategy and surplus capital availability [1][3]. Group 1: Dividend Declaration - The Board of Directors announced a special cash dividend of $1.00 per common share, amounting to approximately $18.32 million [1][3]. - The special dividend is expected to be payable on or about January 16, 2026, to shareholders of record on or about January 2, 2026 [3]. Group 2: Capital Management - The Company's capital management plan emphasizes maintaining a strong capital base to support growth and return excess earnings to shareholders through dividends and stock repurchases [2]. - In the first three quarters of 2025, the Company earned approximately $36.33 million, paid regular dividends of $17.02 million, and repurchased shares for $1.85 million [2]. Group 3: Historical Performance - Since July 1, 2013, the Company has earned approximately $452 million, from which it paid regular dividends of $192 million, special dividends of $46 million, and repurchased 9.38 million shares for $234 million [4].

Financial Performance - Net income for Q3 2025 was $12.27 million, a decrease of $768 thousand, or 5.89%, compared to Q3 2024[109] - Net interest income for the three months ended September 30, 2025, was $31,410 thousand, compared to $31,703 thousand for the same period in 2024, reflecting a decrease of 0.92%[114] - For the nine months ended September 30, 2025, net interest income was $92,593 thousand, down from $95,476 thousand in the same period of 2024[116] - Net interest income decreased by $2.88 million, or 3.03%, for the nine months ending September 30, 2025, compared to the same period in 2024[123] - Noninterest income increased by approximately $437 thousand, or 4.18%, driven by a 23.46% increase in service charges on deposits[109] - Noninterest income increased by $437 thousand, or 4.18%, in the third quarter of 2025, driven by a $300 thousand, or 28.01%, increase in wealth management fees[130] Assets and Liabilities - Consolidated assets totaled $3.19 billion as of September 30, 2025[109] - The total assets as of September 30, 2025, were $3,202,993 thousand, slightly down from $3,228,976 thousand in 2024[116] - Total liabilities decreased by $55.94 million, or 2.05%, primarily driven by a decrease in deposits of $60.65 million, or 2.25%[139] - Total deposits decreased by $60.65 million, or 2.25%, as of September 30, 2025, with the largest decreases in time deposits by $34.08 million, or 14.17%[158] - Total stockholders' equity decreased by $15.67 million, or 2.98%, to $510.73 million as of September 30, 2025, primarily due to a special cash dividend of $2.07 per share totaling approximately $37.93 million[163] Credit Quality - Total non-performing assets as of September 30, 2025, were $16.90 million, down from $20.54 million as of December 31, 2024[109] - The allowance for credit losses to total loans was 1.36% on September 30, 2025, compared to 1.44% on December 31, 2024[109] - The allowance for credit losses to nonperforming loans ratio was 189.90% as of September 30, 2025, indicating strong coverage for potential losses[147] - Delinquent loans totaled $27.19 million as of September 30, 2025, a decrease of $10.36 million, or 27.59%, compared to December 31, 2024[148] - The provision for credit losses decreased by $2.48 million, or 98.57%, in the nine months ending September 30, 2025, compared to the same period in 2024[129] Mergers and Acquisitions - The Company entered into a merger agreement with Hometown Bancshares, Inc., with each share of Hometown common stock converting into 11.706 shares of the Company's common stock[102][103] - The Company incurred approximately $787 thousand in transaction-related costs during the nine months ended September 30, 2025, related to the merger[105] - The Company entered into a merger agreement with Hometown Bancshares, Inc., valued at approximately $41.5 million, expected to be minimally dilutive to tangible book value per share and provide high-single digit accretion to earnings per share[164] Interest Income and Margin - Net interest margin for Q3 2025 was 4.43%, an increase of 2 basis points from Q3 2024, while net interest income after provision for loan losses increased by $1.06 million, or 3.52%[109] - Total earning assets averaged $2,813,359 thousand in Q3 2025, with a net interest margin of 4.43%, compared to $2,859,901 thousand and a margin of 4.41% in Q3 2024[114] - The net interest rate spread for Q3 2025 was 4.06%, compared to 3.97% in Q3 2024, indicating an improvement in the company's interest income generation[114] - The yield on earning assets fell by 10 basis points, or 1.94%, driven by an 18.38% decline in the average yield earned on interest-bearing deposits with banks[121] - As of September 30, 2025, net interest income on a GAAP basis was $31,297 thousand, a decrease of 0.94% from $31,594 thousand in the same period of 2024[138] Expenses - Noninterest expense increased by $2.10 million, or 8.69%, in the third quarter of 2025, primarily due to a $1.22 million, or 9.31%, increase in salaries and employee benefits[133] - Average interest-bearing liabilities decreased by $21.71 million, or 1.21%, primarily due to a decrease in time deposits of $31.42 million, or 12.82%[122] Capital and Ratios - As of September 30, 2025, the Common Equity Tier 1 ratio was 16.47%, down from 16.75% as of December 31, 2024, primarily due to a decrease in capital levels[165] - The Company’s unencumbered cash totaled $427.71 million as of September 30, 2025, with additional unused borrowing capacity from the FHLB of $313.58 million[162] - The sensitivity of net interest income to a 200 basis point increase in interest rates is projected to be $4,027 thousand, representing a 3.1% change[170] Other Information - Commitments to extend credit as of September 30, 2025, totaled $252.32 million, slightly up from $252.23 million as of December 31, 2024[167] - The information regarding market risk and interest rate sensitivity is referenced in Item 2 of the Quarterly Report on Form 10-Q[173]

Financial Performance - Net income for Q3 2025 was $12.27 million, a decrease of $768 thousand, or 5.89%, compared to Q3 2024[3] - Net income for Q3 2025 was $12,266,000, slightly higher than $12,246,000 in Q2 2025[9] - Adjusted net income for diluted earnings per share for Q3 2025 was $12,901,000, compared to $12,246,000 in Q3 2024, reflecting an increase of 5.4%[12] - The adjusted diluted earnings per share for the nine months ended September 30, 2025, was $2.01, down from $2.13 in the same period of 2024, a decrease of 5.6%[12] - Earnings per share (EPS) for Q3 2025 remained stable at $0.67, consistent with Q2 2025[9] Interest Income and Margin - Total interest income for Q3 2025 was $35,699,000, a slight increase from $35,388,000 in Q2 2025[9] - Net interest income after provision for credit losses was $31,297,000 for Q3 2025, compared to $30,942,000 in Q2 2025[9] - The net interest margin for Q3 2025 was 4.43%, an increase of 2 basis points from Q3 2024[3] - The average yield on loans for Q3 2025 was 5.24%, slightly up from 5.22% in Q3 2024[14] - The total interest-bearing liabilities for Q3 2025 were $1,779,829,000, with a net interest rate spread of 3.99%[17] Asset and Liability Management - Total consolidated assets were $3.19 billion as of September 30, 2025[4] - Total assets as of September 30, 2025, were $3,190,603,000, compared to $3,231,259,000 as of September 30, 2024[14] - Total assets as of September 30, 2025, increased to $3,189,613, up from $3,181,014 as of June 30, 2025, representing a growth of 0.5%[20] - Loans held for investment, net, decreased to $2,299,708 as of September 30, 2025, from $2,320,257 as of June 30, 2025, a decline of 0.9%[20] - Total deposits as of September 30, 2025, were $2,630,593, slightly down from $2,635,364 as of June 30, 2025, a decrease of 0.2%[20] Noninterest Income and Expenses - Noninterest income increased by approximately $437 thousand, or 4.18%, driven by a 23.46% increase in service charges on deposits[3] - Noninterest income reached $10,889,000 in Q3 2025, up from $10,340,000 in Q2 2025[10] - Total noninterest expense increased to $26,279,000 in Q3 2025 from $25,455,000 in Q2 2025[11] Credit Quality - Non-performing loans to total loans decreased to 0.71%, a reduction of 0.11% compared to Q3 2024[4] - The allowance for credit losses to total loans was 1.36% on September 30, 2025, down from 1.44% at year-end 2024[8] - The annualized net charge-offs to average loans ratio was 0.24% for the quarter ending September 30, 2025, consistent with the previous quarter[23] - The total allowance for credit losses to total loans ratio was 1.36% as of September 30, 2025, slightly down from 1.40% as of June 30, 2025[23] - The company experienced net charge-offs of $1.42 million, or 0.24% of annualized average loans, in Q3 2025[4] Shareholder Returns - The company declared a quarterly cash dividend of $0.31 per common share, marking the 40th consecutive year of regular dividends[2] - The company declared regular cash dividends of $0.31 per share for Q3 2025, consistent with previous quarters[9] - Book value per share on September 30, 2025, was $27.89, a decrease of $0.84 from year-end 2024[8] - The book value per common share increased to $27.89 as of September 30, 2025, from $27.46 as of June 30, 2025, an increase of 1.6%[20] - Total stockholders' equity rose to $510,725 as of September 30, 2025, compared to $502,829 as of June 30, 2025, reflecting a growth of 2.4%[20]

Core Viewpoint - First Community Bankshares, Inc. reported a net income of $12.27 million for Q3 2025, reflecting a decrease from the same quarter in 2024, while also announcing a quarterly cash dividend of $0.31 per share, marking 40 consecutive years of regular dividends [1][2]. Financial Performance - Net income for Q3 2025 was $12.27 million, down $768 thousand or 5.89% from Q3 2024. For the first nine months of 2025, net income was $36.33 million, a decrease of $2.24 million or 5.80% from the same period in 2024 [6]. - Adjusted net income, accounting for merger and non-recurring expenses, was $12.90 million, an increase of $495 thousand or 4.00% from Q3 2024 [6]. - Net interest margin for Q3 2025 was 4.43%, up 2 basis points from Q3 2024 [6]. - Noninterest income increased by approximately $437 thousand or 4.18% compared to Q3 2024, driven by higher service charges and wealth management fees [6]. Balance Sheet and Asset Quality - Consolidated assets totaled $3.19 billion as of September 30, 2025, with a decrease in consolidated loan balances of $84.78 million or 3.51% since December 31, 2024 [6]. - Total non-performing assets decreased to $16.90 million from $20.54 million as of December 31, 2024, indicating a positive trend in asset quality [6]. - The allowance for credit losses to total loans was 1.36% on September 30, 2025, down from 1.44% at year-end 2024 [6]. Dividends and Share Repurchase - The company declared a quarterly cash dividend of $0.31 per share, payable on November 28, 2025, marking the 40th consecutive year of regular dividends [2]. - In 2025, the company repurchased 50,338 shares at a total cost of $1.85 million, compared to 12,854 shares for $469 thousand in Q3 2024 [6]. Non-GAAP Financial Measures - The company utilizes non-GAAP financial measures to provide additional insights into its financial performance, including adjusted earnings and return on average tangible common equity [7].

FORM 10-Q General Information This section provides general information about the Form 10-Q filing and the registrant's details [Registrant Information](index=1&type=section&id=Registrant%20Information) Registrant details include accelerated filer status, NASDAQ listing, and 18.31 million common shares outstanding as of July 25, 2025 - First Community Bankshares, Inc. is an **accelerated filer** and has filed all required reports during the preceding 12 months[5](index=5&type=chunk)[6](index=6&type=chunk) Common Stock Registration Details | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :------------------ | :---------------- | :---------------------------------------- | | Common Stock ($1.00 par value) | FCBC | NASDAQ Global Select | - As of July 25, 2025, **18,314,905 shares** of common stock, $1.00 par value, were outstanding[7](index=7&type=chunk) INDEX This section provides an overview of the report's structure, detailing its main parts and their respective contents [Report Structure](index=2&type=section&id=Report%20Structure) The report outlines its structure, dividing content into Part I (Financial Information) and Part II (Other Information) - The report is structured into two main parts: **Part I for Financial Information** and **Part II for Other Information**[10](index=10&type=chunk) - Part I includes Condensed Consolidated Financial Statements, Management's Discussion and Analysis, Quantitative and Qualitative Disclosures About Market Risk, and Controls and Procedures[10](index=10&type=chunk) - Part II covers Legal Proceedings, Risk Factors, Unregistered Sales of Equity Securities and Use of Proceeds, Defaults Upon Senior Securities, Mine Safety Disclosures, Other Information, and Exhibits[10](index=10&type=chunk) CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This section cautions that forward-looking statements are not guarantees and involve risks that could cause actual results to differ [Forward-Looking Statements and Risk Factors](index=3&type=section&id=CAUTIONARY%20STATEMENT%20REGARDING%20FORWARD-LOOKING%20STATEMENTS) This section warns that forward-looking statements are not guarantees, detailing various economic, regulatory, technological, and acquisition risks - Forward-looking statements are not guarantees of future performance and involve **risks, uncertainties, and assumptions** that are difficult to predict[12](index=12&type=chunk) - Key factors that could cause financial performance to differ materially include: inflation, interest rate, market and monetary fluctuations - The strength of the U.S. economy and local economies, including tariffs or changes in trade policies - The effects of, and changes in, trade, monetary, and fiscal policies and laws, including Federal Reserve System interest rate policies - Impact of changes in financial services laws and regulations, including taxes, banking, securities, and insurance - Technological changes and the cost/effects of cyber incidents or security breaches - The effect of acquisitions, including failure to achieve expected revenue growth and/or expense savings - Unanticipated regulatory or judicial proceedings and changes in consumer spending/saving habits[15](index=15&type=chunk) - The Company cautions against undue reliance on forward-looking information and does not intend to update these statements to reflect changes[13](index=13&type=chunk) PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements, including balance sheets, income statements, comprehensive income, equity changes, cash flows, and explanatory notes [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) This section presents the Company's financial position at June 30, 2025, and December 31, 2024 Condensed Consolidated Balance Sheets (Amounts in thousands) | | June 30, 2025 | December 31, 2024 | | :------------------------------------- | :------------ | :---------------- | | **Assets** | | | | Total cash and cash equivalents | $395,057 | $377,454 | | Debt securities available-for-sale, at fair value | $132,535 | $169,849 | | Loans held for investment, net | $2,320,257 | $2,381,264 | | Total assets | $3,181,014 | $3,261,216 | | **Liabilities** | | | | Total deposits | $2,635,364 | $2,691,247 | | Total liabilities | $2,678,185 | $2,734,824 | | **Stockholders' equity** | | | | Total stockholders' equity | $502,829 | $526,392 | | Total liabilities and stockholders' equity | $3,181,014 | $3,261,216 | - Total assets decreased by **$80.20 million** from December 31, 2024, primarily due to decreases in loans and available-for-sale debt securities[17](index=17&type=chunk)[141](index=141&type=chunk) - Total stockholders' equity decreased by **$23.56 million**, or **4.48%**, from December 31, 2024, mainly due to a special cash dividend payment[17](index=17&type=chunk)[141](index=141&type=chunk)[166](index=166&type=chunk) [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) This section presents the Company's unaudited consolidated results of operations for the three and six months ended June 30, 2025 and 2024 Condensed Consolidated Statements of Income (Amounts in thousands, except share and per share data) | | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Total interest income | $35,388 | $36,789 | $70,557 | $72,818 | | Total interest expense | $4,731 | $4,877 | $9,602 | $9,277 | | Net interest income | $30,657 | $31,912 | $60,955 | $63,541 | | (Recovery of) provision for credit losses | $(285) | $144 | $36 | $1,155 | | Total noninterest income | $10,340 | $9,342 | $20,569 | $18,601 | | Total noninterest expense | $25,455 | $24,897 | $50,399 | $48,283 | | Net income | $12,246 | $12,686 | $24,064 | $25,531 | | Basic earnings per common share | $0.67 | $0.69 | $1.31 | $1.39 | | Diluted earnings per common share | $0.67 | $0.71 | $1.31 | $1.42 | - Net income for Q2 2025 decreased by **$440 thousand (3.47%)** YoY to **$12.25 million**[20](index=20&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk) - Net income for H1 2025 decreased by **$1.47 million (5.75%)** YoY to **$24.06 million**[20](index=20&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk) - Basic EPS for Q2 2025 decreased by **$0.02 (2.90%)** YoY to **$0.67**[20](index=20&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk) - Basic EPS for H1 2025 decreased by **$0.08 (5.76%)** YoY to **$1.31**[20](index=20&type=chunk)[113](index=113&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk) [Condensed Consolidated Statements of Comprehensive Income](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) This section presents the Company's unaudited consolidated comprehensive income for the three and six months ended June 30, 2025 and 2024 Condensed Consolidated Statements of Comprehensive Income (Amounts 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 | $12,246 | $12,686 | $24,064 | $25,531 | | Other comprehensive gain (loss), net of tax | $358 | $(515) | $2,024 | $(1,463) | | Total comprehensive income | $12,604 | $12,171 | $26,088 | $24,068 | - Total comprehensive income for Q2 2025 increased to **$12.60 million** from **$12.17 million** in Q2 2024, driven by a net other comprehensive gain[22](index=22&type=chunk) - For the six months ended June

Financial Performance - Net income for Q2 2025 was $12.25 million, or $0.67 per diluted common share, a decrease of $440 thousand, or 3.47%, from Q2 2024[2] - Net income for the three months ended June 30, 2025, was $12,246,000, a decrease from $13,040,000 in the same period of 2024, representing a decline of 6.1%[13] - Earnings per common share (basic) for the three months ended June 30, 2025, was $0.67, compared to $0.71 in the same period of 2024, reflecting a decrease of 5.6%[13] - Adjusted net income for diluted earnings per share for Q2 2025 was $12,246,000, compared to $11,818,000 in Q2 2024, reflecting an increase of 3.6%[16] - Adjusted diluted earnings per share for Q2 2025 was $0.67, up from $0.64 in Q2 2024, representing a growth of 4.7%[16] Income and Expenses - Noninterest income increased by approximately $998 thousand, or 10.68%, compared to Q2 2024, primarily due to a $692 thousand increase in service charges on deposits[7] - Total interest income for the three months ended June 30, 2025, was $35,388,000, a slight decrease from $36,432,000 in the same period of 2024, representing a decline of 2.9%[13] - Net interest income after provision for credit losses was $30,942,000 for the three months ended June 30, 2025, compared to $30,251,000 in the same period of 2024, reflecting an increase of 2.3%[13] - Noninterest income totaled $10,340,000 for the three months ended June 30, 2025, up from $10,337,000 in the same period of 2024, indicating a marginal increase of 0.03%[14] - Noninterest expense increased to $25,455,000 for the three months ended June 30, 2025, compared to $24,107,000 in the same period of 2024, marking a rise of 5.6%[15] Assets and Liabilities - Total consolidated assets were $3.18 billion as of June 30, 2025[10] - Total assets as of June 30, 2025, were $3,204,570,000, compared to $3,227,428,000 as of June 30, 2024, reflecting a decrease of 0.7%[19] - Total liabilities as of June 30, 2025, were $2,705,346,000, compared to $2,718,224,000 in the previous year, showing a decrease of 0.5%[19] - Total deposits decreased to $2,635,364 as of June 30, 2025, down 1.83% from $2,684,477 on March 31, 2025[25] Loans and Credit Quality - Loans decreased by $62.81 million, or 2.60%, from December 31, 2024[8] - The allowance for credit losses to total loans was 1.40% at June 30, 2025, compared to 1.44% at December 31, 2024[12] - Non-performing assets totaled $19.17 million as of June 30, 2025, down from $20.67 million as of December 31, 2024[8] - Nonperforming loans totaled $18,652 as of June 30, 2025, a decrease of 2.79% from $20,216 on March 31, 2025[28] - The ratio of nonperforming loans to total loans was 0.79% as of June 30, 2025, compared to 0.85% on March 31, 2025[28] - The annualized net charge-offs to average loans was 0.08% for the quarter ending June 30, 2025, down from 0.24% for the previous quarter[28] Shareholder Information - The Company declared a quarterly cash dividend of $0.31 per common share, marking the 40th consecutive year of regular dividends[3] - The company declared a regular cash dividend of $0.31 per share for the three months ended June 30, 2025, consistent with the previous quarter[13] - Book value per share at June 30, 2025, was $27.46, a decrease of $1.27 from year-end 2024[12] - The book value per common share rose to $27.46 as of June 30, 2025, compared to $27.09 on March 31, 2025[25] Performance Ratios - Annualized return on average common equity (ROE) was 9.84% for Q2 2025, compared to 10.02% for the same period in 2024[7] - Return on average assets for the three months ended June 30, 2025, was 1.53%, an increase from 1.49% in the previous quarter[13] - Return on average common equity for the three months ended June 30, 2025, was 9.84%, up from 9.49% in the previous quarter[13] - The adjusted return on average assets for Q2 2025 was 1.53%, an increase from 1.49% in Q2 2024[16] - The adjusted return on average common equity for Q2 2025 was 9.84%, up from 9.49% in Q2 2024, indicating an improvement of 3.7%[16]