Credit Losses and Loan Portfolio - The Company recorded a provision for credit losses of $100,000 for the fiscal year ended March 31, 2025, compared to no provision for the fiscal year ended March 31, 2024[59]. - As of March 31, 2025, the Allowance for Credit Losses (ACL) was $15.4 million, or 1.45% of total loans, down from 1.50% at March 31, 2024[60]. - Net charge-offs totaled $90,000 for the fiscal year ended March 31, 2025, compared to net recoveries of $13,000 for the prior fiscal year[60]. - Criticized loans increased by $11.8 million to $48.5 million at March 31, 2025, representing approximately 4.56% of the total loan portfolio[61]. - Classified loans increased by $2.2 million to $2.9 million at March 31, 2025, primarily due to the downgrade of a $2.0 million commercial real estate loan[63]. - The Company's ACL coverage ratio for nonperforming loans exceeded 9,900% at March 31, 2025, compared to 8,600% at the end of the prior fiscal year[60]. - The general valuation allowance for pooled loans was 1.45% at March 31, 2025, compared to 1.50% at March 31, 2024[60]. - The total loans outstanding increased to $1,062,460,000 at March 31, 2025, from $1,024,013,000 at March 31, 2024[68]. Investment Portfolio - The investment portfolio consisted solely of debt securities as of March 31, 2025, with no equity securities held[69]. - The Company does not have any exposure to sub-prime lending in its investment securities portfolio[71]. - Total investment securities decreased from $372.7 million in 2024 to $322.5 million in 2025, representing a decline of approximately 13.5%[72]. - The weighted average yield on total available-for-sale securities was 2.09% as of March 31, 2025[72]. Deposits and Borrowings - Core branch deposits increased by $2.2 million from March 31, 2024, to March 31, 2025, reflecting a focus on organic growth in client relationships[78]. - The average balance of interest-bearing checking accounts rose to $261.5 million in 2025, with an average interest rate of 1.00%, compared to $243.9 million and 0.32% in 2024[77]. - FHLB advances totaled $76.4 million as of March 31, 2025, down from $88.3 million in 2024, indicating a reduction in reliance on external borrowings[82]. - The weighted average rate on FHLB advances was 5.17% in 2025, slightly down from 5.40% in 2024[84]. - The Company had $288.0 million of uninsured deposits as of March 31, 2025, compared to $297.2 million in 2024, reflecting a decrease in risk exposure[81]. - The Company had $36.0 million in CDARS and ICS deposits, representing 2.92% of total deposits, which provide clients with access to FDIC insurance beyond the standard limit[78]. - The average balance of money market accounts was $224.1 million in 2025, with an average interest rate of 1.86%, up from $233.7 million and 1.22% in 2024[77]. Employee and Workforce Information - As of March 31, 2025, the Company had 238 full-time equivalent employees, with an average tenure of 6.8 years[88]. - The workforce composition is approximately 65% women and 35% men, with 54% of management roles held by women[89]. - The Company believes its relationship with employees is good, with no employees represented by a collective bargaining unit[88]. - The Company promotes training and continuing education as an ongoing function for its employees[90]. Financial Performance and Capitalization - The Bank met the requirements to be "well capitalized" as of March 31, 2025, with a CET1 risk-based ratio of 6.5% and a Tier 1 risk-based ratio of 8%[113]. - The Company maintains a capital conservation buffer greater than 2.5% of risk-weighted assets to avoid limitations on paying dividends and engaging in share repurchases[112]. - Riverview Services reported a net income of $10,000 and total assets of $1.4 million for the fiscal year ended March 31, 2025[93]. - The Trust Company had a net income of $2.2 million and total assets of $12.9 million at March 31, 2025, with total assets under management of $877.9 million[94]. Regulatory and Compliance Issues - The Company has not elected to use the Community Bank Leverage Ratio (CBLR) framework as of March 31, 2025[110]. - The Bank is not required to maintain any reserve balances as of March 31, 2025[131]. - Riverview is subject to comprehensive regulation by the Federal Reserve under the Bank Holding Company Act, requiring semi-annual reports and compliance with extensive regulations[143]. - Non-compliance with the USA PATRIOT Act and Bank Secrecy Act could result in fines or sanctions, impacting the company's ability to obtain regulatory approval for acquisitions[193]. - The Federal Reserve's policy on cash dividends requires that net income for the past year must be sufficient to fully fund dividends, and companies experiencing financial problems should not borrow to pay dividends[149]. Risk Management and Strategic Considerations - The company has established an enterprise risk management framework to balance risk and return, critical for optimizing shareholder value[194]. - Climate change and related regulatory initiatives may materially affect the company's business and results of operations, with potential adverse impacts from severe weather events[195][196]. - Cybersecurity risks remain a significant concern, with potential breaches leading to financial losses, reputational damage, and increased costs[197][198][199]. - The company faces risks related to fraud and financial crimes, which have been increasing nationally, potentially resulting in financial losses and reputational harm[204]. - The adoption of Artificial Intelligence (AI) introduces model risk and regulatory compliance challenges, necessitating robust governance and oversight[205][207]. - Acquisitions are part of the company's growth strategy but involve risks such as asset quality issues, client loss, and integration challenges[211][212]. - The company relies on external vendors for key operational components, exposing it to risks if vendors fail to meet contractual obligations[214]. - Goodwill impairment could reduce earnings, as the company must evaluate goodwill annually and make subjective judgments regarding fair value[210]. - The company’s financial results depend on management's accounting methods and assumptions, which could lead to unexpected losses if incorrect[208][209]. - The board of directors oversees the risk management process, including cybersecurity risks, engaging with management on these issues[203]. - Ineffective liquidity management could adversely affect the company's financial results and condition, with potential negative impacts from decreased business activity or adverse regulatory actions[215]. - Future growth or losses may require the company to raise additional capital, which may not be available or could be costly, impacting expansion and financial condition[218]. - Regulatory changes regarding Diversity, Equity and Inclusion (DEI) and Environmental, Social and Governance (ESG) practices may adversely impact the company's reputation and compliance costs[219]. - The company faces intense competition in loan making and deposit attraction, which could reduce net interest income and profitability[224]. - Retaining and recruiting key management personnel is critical for the company's success, with intense competition for qualified employees in the banking industry[225]. - The company relies on dividends from the Bank for substantially all of its revenue at the holding company level, and any inability to receive dividends could adversely affect its financial condition[226].

Financial Performance - Net income for the fourth fiscal quarter 2025 was $1.1 million, or $0.05 per diluted share, compared to $1.2 million, or $0.06 per diluted share, in the previous quarter[4] - For fiscal 2025, net income increased to $4.9 million, or $0.23 per diluted share, compared to $3.8 million, or $0.18 per diluted share, for fiscal 2024[5] - Net income for the quarter was $1,148,000, with basic earnings per share of $0.05[37] - Net income for the three months ended March 31, 2025, was $1,148,000, a decrease of 6.8% from $1,232,000 in the previous quarter[45] - Basic earnings per share for the three months ended March 31, 2025, were $0.05, down from $0.06 in the previous year[49] Income and Expenses - Net interest income for the fourth quarter was $9.2 million, an increase from $8.6 million in the same quarter last year, with a net interest margin of 2.65%[10] - Total interest and dividend income for the three months ended March 31, 2025, was $14,494,000, a decrease of 4.2% from $15,127,000 for the previous quarter[45] - Net interest income after provision for credit losses for the twelve months ended March 31, 2025, was $36,244,000, down from $38,086,000 for the previous year, reflecting a decrease of 4.8%[45] - Non-interest income rose to $3.7 million in the fourth quarter, compared to $494,000 in the same quarter last year, contributing to a total of $14.3 million for fiscal 2025[16] - Non-interest income for the three months ended March 31, 2025, increased to $3,707,000, compared to $3,341,000 in the previous quarter, marking a growth of 11%[45] - Total non-interest expense for the three months ended March 31, 2025, was $11,438,000, an increase of 2.5% from $11,154,000 in the previous quarter[45] Loans and Assets - Total loans increased to $1.06 billion at March 31, 2025, up from $1.02 billion a year earlier, with new loan originations during the quarter at $49.4 million[20] - Loans receivable net of allowance for credit losses increased to $1.05 billion from $1.03 billion as of December 31, 2024, reflecting a growth of approximately 1.3%[44] - Total commercial and construction loans increased to $950,363,000 as of March 31, 2025, up from $925,907,000 a year earlier, representing a growth of 2.5%[47] - The total loans receivable, net, increased to $1,047,086,000 as of March 31, 2025, from $1,008,649,000 a year earlier, marking a growth of 3.8%[47] - As of March 31, 2025, Riverview Bancorp, Inc. has total assets of $1.51 billion, a slight increase from $1.51 billion on December 31, 2024[41] Deposits and Equity - Total deposits were $1.23 billion at March 31, 2025, unchanged from the previous year, with a $13.3 million increase during the quarter[23] - Total deposits as of March 31, 2025, increased to $1,232,328,000 from $1,219,002,000 in the previous quarter, reflecting a growth of 1.7%[46] - Shareholders' equity increased to $160.0 million at March 31, 2025, up from $158.3 million at December 31, 2024, and $155.6 million a year earlier[25] Asset Quality - Non-performing assets remained low at $155,000, or 0.01% of total assets, with no provision for credit losses recorded during the current quarter[11] - Non-performing loans totaled $155,000 or 0.01% of total loans as of March 31, 2025, down from $168,000 or 0.02% at December 31, 2024[26] - Total non-performing assets remained stable at $155,000 as of March 31, 2025, unchanged from the previous year[48] - The coverage ratio decreased to 80.37% as of March 31, 2025, from 84.17% a year earlier, reflecting a decline in the ability to cover non-performing assets[49] Capital and Liquidity - Riverview maintained a total risk-based capital ratio of 16.27% and a Tier 1 leverage ratio of 11.10% at March 31, 2025[30] - The company had approximately $471.3 million in available liquidity at March 31, 2025, including $174.0 million of borrowing capacity from the FHLB[31] - The uninsured deposit ratio was 23.4% at March 31, 2025, with available liquidity under both the FHLB and FRB borrowing lines covering 163.7% of estimated uninsured deposits[32] Operational Efficiency - The efficiency ratio for the fourth quarter was 88.7%, compared to 144.9% in the same quarter last year, indicating improved operational efficiency[18] - The efficiency ratio for the three months ended March 31, 2025, was 88.67%, compared to 90.48% for the same period in 2024, indicating improved operational efficiency[49] Recognition and Community Presence - Riverview Bancorp has maintained its position as a community bank with 17 branches, focusing on high-quality service and financial products[41] - The company has been recognized as the Best Bank by local readers for 11 consecutive years, highlighting its strong community presence[41] Risks and Forward-Looking Statements - Riverview Bancorp is subject to various risks including economic conditions, credit risks, and regulatory changes that could impact its financial performance[42] - The company does not undertake any obligation to revise forward-looking statements, emphasizing the uncertainty in future projections[43]

Core Insights - Riverview Bancorp (RVSB) reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, and showing an increase from $0.04 per share a year ago, resulting in an earnings surprise of 66.67% [1] - The company achieved revenues of $12.9 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.03%, and up from $9.05 million year-over-year [2] - Riverview Bancorp shares have increased approximately 3% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $13 million, and for the current fiscal year, it is $0.24 on revenues of $53.7 million [7] - The estimate revisions trend for Riverview Bancorp is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Savings and Loan industry, to which Riverview Bancorp belongs, is currently ranked in the top 17% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

FISCAL Q4 2025 HIGHLIGHTS | $1.1 Million | $0.05 | $6.33 | 0.01% | | --- | --- | --- | --- | | Net Income | Diluted Earnings per | Tangible Book Value per | NPAs to Total Assets | | | Common Share | Share | | | Fiscal Quarter Comparison Highlights | | | | | --- | --- | --- | --- | | Net Interest | | Credit Quality | | | Income and Net | $9.2 million net interest income for the quarter compared to | | Non-performing assets at 0.01% of total | | Interest Margin | $8.6 million in Fiscal Q4 2024 | | assets and ...

Financial Performance - Net income for the third fiscal quarter of 2025 was $1.2 million, or $0.06 per diluted share, down from $1.6 million, or $0.07 per diluted share in the previous quarter[1] - For the three months ended December 31, 2024, net income (GAAP) was $1,232,000, down from $1,557,000 in the previous quarter[29] - Net income for the three months ended December 31, 2024, was $1,232 thousand, a decrease of 20.8% from $1,557 thousand in the prior quarter[37] - Basic earnings per share for Q3 2025 was $0.06, compared to $0.07 in Q2 2024 and $0.32 in Q3 2023[41] Income and Revenue - Net interest income increased to $9.4 million for the quarter, compared to $8.9 million in the preceding quarter and $9.3 million in the same quarter a year ago[4] - Non-interest income was $3.3 million during the third fiscal quarter, compared to $3.8 million in the preceding quarter[9] - Total non-interest income for the nine months ended December 31, 2024, increased to $10,549 thousand, compared to $9,748 thousand for the same period in 2023, reflecting a growth of 8.2%[37] Loans and Credit Quality - Total loans decreased to $1.05 billion at December 31, 2024, down from $1.06 billion at September 30, 2024, but up from $1.02 billion a year earlier[13] - Non-performing loans (GAAP) increased to $469,000 as of December 31, 2024, from $450,000 in the previous quarter[31] - Non-performing loans increased to $469,000 as of December 31, 2024, compared to $186,000 a year earlier, representing a rise of 152.7%[38] - The allowance for credit losses was $15.4 million, representing 1.47% of total loans at December 31, 2024[22] - The allowance for credit losses to loans receivable (GAAP) was 1.47% as of December 31, 2024, slightly up from 1.46% in the previous quarter[32] Assets and Liabilities - Riverview's total assets were $1.51 billion as of December 31, 2024, down from $1.55 billion in the previous quarter[33] - Total assets decreased to $1,508,609 thousand as of December 31, 2024, down from $1,548,397 thousand at September 30, 2024, representing a decline of 2.57%[36] - Total liabilities decreased to $1,350,339 thousand as of December 31, 2024, down from $1,387,623 thousand at September 30, 2024, a reduction of 2.67%[36] Deposits - Total deposits were $1.22 billion at December 31, 2024, a decrease of $18.5 million from the previous quarter, but unchanged from a year ago[16] - Total deposits decreased to $1,219,002 as of December 31, 2024, down from $1,237,499 at September 30, 2024, a decline of 1.8%[39] Efficiency and Ratios - The efficiency ratio was 87.6% for the third fiscal quarter, compared to 83.7% for the previous quarter[12] - Efficiency ratio for Q3 2025 was 87.63%, up from 83.71% in Q2 2024 and 77.94% in Q3 2023[41] - Return on average assets decreased to 0.32% in Q3 2025 from 0.40% in Q2 2024 and 0.57% in Q3 2023[41] - The Tier 1 capital ratio to risk-weighted assets was 15.21% as of December 31, 2024, up from 14.88% at September 30, 2024[38] Dividends and Shareholder Equity - Riverview paid a quarterly cash dividend of $0.02 per share on January 14, 2025[18] - Total shareholders' equity decreased to $158,270 thousand as of December 31, 2024, from $160,774 thousand at September 30, 2024, a decline of 1.56%[36] - Book value per share remained stable at $7.49 in Q3 2025, consistent with Q2 2024 and Q3 2023[41] - Cash dividends declared per share were $0.0200 in Q3 2025, unchanged from Q2 2024 and Q3 2023[41] Stock and Market Performance - The company adopted a stock repurchase program allowing for the repurchase of up to $2.0 million in common stock, with 200,073 shares repurchased at an average price of $5.43 during Q3[26] - Market price per share closed at $5.74 at the end of Q3 2025, up from $4.71 in Q2 2024 and $6.40 in Q3 2023[41] - Average number of shares outstanding for basic shares was 21,037,246 in Q3 2025, slightly down from 21,097,580 in Q2 2024[41]

Core Insights - Riverview Bancorp (RVSB) reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.07 per share a year ago, representing a 50% earnings surprise [1] - The company posted revenues of $12.73 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.02% and up from $12.38 million year-over-year [2] - Riverview Bancorp shares have underperformed the market, losing about 1.7% since the beginning of the year compared to the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $12.7 million, and for the current fiscal year, it is $0.18 on revenues of $49.6 million [7] - The estimate revisions trend for Riverview Bancorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial - Savings and Loan industry, to which Riverview Bancorp belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Core Viewpoint - Riverview Bancorp reported a decline in earnings for the third fiscal quarter of 2025, with net income of $1.2 million, down from $1.6 million in the previous quarter and $1.5 million a year ago, reflecting challenges in loan growth despite improvements in net interest margin and loan production [1][2][3]. Financial Performance - Earnings per diluted share for the third fiscal quarter were $0.06, compared to $0.07 in the previous quarter and the same quarter last year [1]. - For the first nine months of fiscal 2025, net income was $3.8 million, or $0.18 per diluted share, down from $6.8 million, or $0.32 per diluted share, in the same period of fiscal 2024 [2]. Income Statement Review - Net interest income increased to $9.4 million in the current quarter from $8.9 million in the preceding quarter and $9.3 million a year ago, driven by higher yields on interest-earning assets [5][8]. - The net interest margin (NIM) improved to 2.60%, a 14 basis point increase from the previous quarter and an 11 basis point increase from the same quarter last year [6][8]. - Non-interest income was $3.3 million during the third fiscal quarter, down from $3.8 million in the preceding quarter but up from $3.1 million a year ago [11]. Balance Sheet Review - Total loans decreased by $15.9 million to $1.05 billion at December 31, 2024, primarily due to two large loan payoffs, although new loan originations increased to $31.1 million [15]. - Total deposits decreased by $18.5 million to $1.22 billion, remaining unchanged compared to a year ago [18]. - Shareholders' equity was $158.3 million at December 31, 2024, down from $160.8 million three months earlier [20]. Asset Quality - Non-performing assets were $469,000, or 0.03% of total assets, with non-performing loans totaling $168,000, or 0.02% of total loans [21][22]. - The allowance for credit losses was $15.4 million, representing 1.47% of total loans [24]. Capital and Liquidity - Riverview maintained a total risk-based capital ratio of 16.47% and a Tier 1 leverage ratio of 10.86% at December 31, 2024, indicating strong capital levels [25]. - The company had approximately $450.1 million in available liquidity, including $164.4 million of borrowing capacity from the FHLB [26][27]. Stock Repurchase Program - The Board of Directors adopted a stock repurchase program allowing the company to repurchase up to $2.0 million of its outstanding shares, with 200,073 shares repurchased at an average price of $5.43 during the third quarter [28].

Core Insights - Riverview Bancorp, Inc. has appointed Charmaine Lightheart as EVP/Chief Retail and Digital Engagement Officer, recognizing her extensive experience in the banking sector and her commitment to innovation in retail banking and client services [1][2]. Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets totaling $1.55 billion as of September 30, 2024. The company operates Riverview Bank and Riverview Trust Company, providing community banking services through 17 branches, primarily in the Portland-Vancouver area [7]. Leadership and Community Engagement - Charmaine Lightheart has nearly 20 years of banking experience, having held various leadership roles at multiple banks before joining Riverview Bank. She is also actively involved in her community, serving on boards and committees, including the Board of Directors for NW Furniture Bank [3][4]. - Lightheart expressed her enthusiasm for her new role, emphasizing her commitment to serving both employees and clients, and contributing to community growth [5].

Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets totaling $1.55 billion as of September 30, 2024 [3] - The company operates Riverview Bank and Riverview Trust Company, providing community banking services through 17 branches, including 13 in the Portland-Vancouver area and 3 lending centers [3] - Riverview has been recognized as the Best Bank by The Vancouver Business Journal and The Columbian for the past 10 years [3] Dividend Announcement - On December 18, 2024, Riverview's Board of Directors approved a quarterly cash dividend of $0.02 per share, unchanged from the previous quarter [2] - The dividend is set to be payable on January 14, 2025, to shareholders of record as of January 2, 2025 [2] Forward-Looking Statements - The company’s press release includes forward-looking statements regarding its financial condition, results of operations, and future performance [1] - These statements are subject to risks and uncertainties, and should not be relied upon excessively [1]

Financial Performance - For the three months ended September 30, 2024, net income was $1,557,000, a decrease of 37.0% compared to $2,472,000 for the same period in 2023[10]. - Basic earnings per share for the three months ended September 30, 2024, was $0.07, down from $0.12 in 2023[8]. - Total comprehensive income for the three months ended September 30, 2024, was $5,261,000, compared to a loss of $707,000 in 2023[10]. - For the six months ended September 30, 2024, net income was $2,523, down from $5,315 in the same period of 2023[15]. - The Company reported net income for the three months ended September 30, 2024, was $1.6 million, or $0.07 per diluted share, a decrease from $2.5 million, or $0.12 per diluted share, for the same period in the prior year[185]. Income and Expenses - Total interest and dividend income for the six months ended September 30, 2024, was $29,341,000, an increase of 8.1% from $27,992,000 in 2023[8]. - Net interest income after provision for credit losses for the three months ended September 30, 2024, was $8,842,000, down 10.3% from $9,851,000 in 2023[8]. - Non-interest income for the six months ended September 30, 2024, totaled $7,208,000, an increase of 7.7% compared to $6,692,000 in 2023[8]. - Total non-interest expense for the three months ended September 30, 2024, was $10,701,000, an increase of 6.1% from $10,089,000 in 2023[8]. - Interest expense totaled $6.0 million for the three months ended September 30, 2024, an increase of $1.8 million from $4.2 million for the same period in the prior year[192]. Credit Losses and Provisions - The provision for credit losses for the three months ended September 30, 2024, was $100,000, compared to no provision in the same period of 2023[8]. - The allowance for credit losses (ACL) for loans was $15.466 million as of September 30, 2024, slightly up from $15.364 million at March 31, 2024[49]. - The Company recorded a provision for credit losses of $100,000 for the six months ended September 30, 2024, compared to none for the same period in the prior fiscal year[171]. - Nonperforming loans increased to $450,000 at September 30, 2024, from $178,000 at March 31, 2024[203]. Loans and Deposits - As of September 30, 2024, the Company had total loans of $1,060.977 million, an increase from $1,024.013 million as of March 31, 2024, representing a growth of approximately 3.6%[49]. - The net increase in deposits for the six months ended September 30, 2024, was $5,820, contrasting with a decrease of $(25,451) in the same period of 2023[15]. - Total loans receivable increased to $1,060,977 million, up from $1,060,977 million in the previous year[66]. - Total deposits increased by $5.8 million to $1.24 billion at September 30, 2024, compared to $1.23 billion at March 31, 2024, with core branch deposits accounting for 98.4% of total deposits[148]. Investment Securities - The amortized cost of investment securities as of September 30, 2024, was $371,620, with an estimated fair value of $328,822[35]. - The fair value of investment securities held to maturity was estimated at $195,869 as of September 30, 2024, down from $229,510 on March 31, 2024[97]. - The Company’s investment securities available for sale had an estimated fair value of $2.2 million as of September 30, 2024, down from $2.4 million at March 31, 2024[47]. Shareholder Equity and Stock Repurchase - Cash dividends on common stock for the three months ended September 30, 2024, were $0.02 per share, totaling $421, compared to $0.06 per share totaling $1,267 in 2023[13]. - The Company repurchased a total of 394,334 shares at an average cost of $6.34 per share for a total cost of $2.5 million under the November 2022 repurchase program[32]. - The Company authorized a new stock repurchase program to repurchase up to $2.0 million of its outstanding shares, effective October 30, 2024[33]. - Shareholders' equity increased by $5.2 million to $160.8 million at September 30, 2024, primarily due to net income of $2.5 million and a decrease in unrealized holding losses[151]. Liquidity and Capital - The Bank was categorized as "well capitalized" under the FDIC's regulatory framework as of September 30, 2024, exceeding all regulatory capital requirements[155]. - The Bank's total available liquidity was $820.8 million, or 53.0% of total assets, as of September 30, 2024[163]. - The Company maintains a credit facility with the FRB with an available borrowing capacity of $299.5 million, subject to sufficient collateral[162]. Asset Management and Fees - Asset management fees for the three months ended September 30, 2024, were $1,433, up from $1,273 in 2023, representing a growth of 12.6%[104]. - The company reported a decrease in loan-related fees from $261 in Q3 2023 to $87 in Q3 2024, indicating a decline of approximately 66.7%[104]. Economic Outlook and Risks - The company highlighted that a further decline in economic conditions could result in a material increase in the allowance for credit losses[202]. - The Company expects cash expenditures of approximately $339,000 for capital investment in premises and equipment during the remainder of fiscal 2025[167].