Elmer Bancorp, Inc. Announces Another Year of Record Earnings, Fourth Quarter and 2025 Annual Financial Results

Core Insights - Elmer Bancorp reported record net income of $3.302 million for the year ended December 31, 2025, driven by strong loan and deposit growth, with total assets exceeding $400 million [2][8]. Financial Performance - For Q4 2025, net income was $718,000, or $0.63 per share, compared to $715,000, or $0.63 per share in Q4 2024 [2]. - For the full year 2025, net income was $3.302 million, or $2.89 per share, up from $2.851 million, or $2.50 per share in 2024 [2]. - Net interest income for Q4 2025 was $4.036 million, an increase of $337,000 from $3.699 million in Q4 2024 [3]. - For the full year 2025, net interest income totaled $15.928 million, up $1.343 million from $14.585 million in 2024 [3]. Loan and Deposit Growth - Total loans increased to $327.3 million at December 31, 2025, a rise of $12.9 million or 4.1% from $314.4 million in 2024 [6][8]. - Total deposits reached $367.9 million, an increase of $24.4 million from $343.5 million in 2024, with core deposits growing by $17.9 million [7][8]. Non-Interest Income and Expenses - Non-interest income for Q4 2025 was $30,000 higher than the same period in 2024, and $627,000 higher for the full year [4]. - Non-interest expenses for Q4 2025 were $355,000 higher than Q4 2024, and $1.361 million higher for the full year [5]. Asset and Equity Position - Total assets at December 31, 2025, were $409.4 million, an increase of $28.7 million from $380.7 million in 2024 [6]. - Stockholders' equity increased to $39.1 million at December 31, 2025, compared to $35.4 million in 2024 [7].