Financial Performance - Northrim BanCorp reported net income of $11.8 million, or $2.09 per diluted share, in Q2 2025, down from $13.3 million, or $2.38 per diluted share, in Q1 2025, but up from $9.0 million, or $1.62 per diluted share, in Q2 2024 [1][4] - Net interest income increased by 7% to $33.6 million compared to $31.3 million in Q1 2025 and by 24% compared to $27.1 million in Q2 2024 [5][23] - The net interest margin on a tax-equivalent basis (NIMTE) was 4.72% for Q2 2025, up from 4.61% in Q1 2025 and 4.30% in Q2 2024 [5][24] Loan and Deposit Growth - Total portfolio loans reached $2.20 billion at June 30, 2025, a 4% increase from the previous quarter and a 17% increase year-over-year [5][4] - Total deposits were $2.81 billion at June 30, 2025, up 1% from the preceding quarter and up 14% from $2.46 billion a year ago [5][4] Operating Income and Expenses - Other operating income contributed $16.6 million, or 33% of total revenues in Q2 2025, compared to $13.0 million, or 29% in Q1 2025, and $9.6 million, or 26% in Q2 2024 [29] - Operating expenses increased to $32.5 million in Q2 2025 from $28.2 million in Q1 2025 and $25.2 million in Q2 2024, primarily due to higher salaries and personnel expenses [31] Credit Losses and Provisions - Northrim recorded a provision for credit losses of $2.0 million in Q2 2025, compared to a benefit of $1.4 million in Q1 2025 [25][26] - The allowance for credit losses on loans was 290% of nonperforming loans at the end of Q2 2025, compared to 262% three months earlier [28] Mortgage Banking - Mortgage loan originations were $277.1 million in Q2 2025, up from $121.6 million in Q1 2025 and $181.5 million in Q2 2024 [5][39] - The provision for credit losses in the Home Mortgage Lending segment was $639,000 in Q2 2025, compared to a benefit of $307,000 in Q1 2025 [43] Specialty Finance Segment - The Specialty Finance segment includes Northrim Funding Services and Sallyport, which was acquired for approximately $53.9 million [51][52] - Total pre-tax income for Sallyport in Q2 2025 was $1.3 million, consistent with Q1 2025 [52]

Financial Data and Key Metrics Changes - Loans held for investment increased by $223 million or 1.7% linked quarter and $374.8 million or 2.9% year to date [4] - Deposit base grew by $35 million during the quarter, with personal and commercial deposits totaling $13 billion at June 30, an increase of $103.8 million or 0.8% from the prior quarter [5] - Net income for the second quarter was $55.8 million, representing fully diluted EPS of $0.92, up 4.5% from the prior quarter [5] - Return on average assets was 1.21% and return on average tangible equity was 13.13% in the second quarter [5] - Net interest income expanded by 4.3% to $161.4 million, producing a net interest margin of 3.81%, an increase of six basis points from the prior quarter [5] - Non-interest income totaled $39.9 million, unchanged linked quarter [6] - Non-interest expense increased by $1.1 million or 0.9% linked quarter [6] - Non-performing assets declined by $5 million or 5.3% linked quarter [7] - CET1 ratio increased by seven basis points to 11.7% [8] Business Line Data and Key Metrics Changes - Growth in loans was diversified across one to four family mortgage loans, other loans and leases, and commercial and industrial loans [4] - Non-interest income was positively impacted by wealth management and brokerage business due to improved financial markets [55] Market Data and Key Metrics Changes - The company is monitoring the impact of tariffs and other administrative policies on its customer base, but has not seen a significant impact at this point [11] Company Strategy and Development Direction - The company is focusing on organic loan growth, potential market expansion, and M&A opportunities [13] - The company is actively recruiting talent in key growth markets such as Houston, Birmingham, Atlanta, and South Alabama [34] - The company is interested in participating in M&A activity but will approach it conservatively [35] Management's Comments on Operating Environment and Future Outlook - The company expects loans held for investment to increase in mid-single digits for the full year, revised upward from low single-digit growth [11] - The net interest margin guidance has been tightened to a range of 3.77% to 3.83% for the full year [12] - The provision for credit losses is expected to trend lower compared to the full year 2024 [12] Other Important Information - The company repurchased $11 million of common stock during the quarter, with a remaining repurchase authority of $74 million for the year [9] - The quarterly cash dividend declared was $0.24 per share [10] Q&A Session Summary Question: What is driving the increase in growth guidance to mid-single digits? - Management indicated it is a combination of good production in non-CRE categories and delays in scheduled maturities for the CRE book [17][18] Question: Is there potential for further profitability improvement? - Management believes there is upside in profitability due to operating leverage and potential net interest margin expansion [20][22] Question: Are there any rate cut assumptions in the NIM guidance? - Management has a baseline forecast that includes a Fed rate cut in September and December, which may impact net interest margin [30] Question: What are the company's thoughts on M&A versus organic growth? - Management is focusing on both organic growth and M&A opportunities, with a conservative approach to M&A [34][35] Question: How does the recent guidance revision impact reserves? - Management noted a slight decrease in the reserve percentage and a reduction in criticized and classified loans, which positively impacts provisioning [42][46]

Financial Data and Key Metrics Changes - GAAP earnings were strong with core earnings continuing to increase, return on average assets was 1.51% and return on average equity was 15.12% for Q2 2025 compared to 1.45% and 14.97% respectively for Q1 2025 [5][6] - Net interest margin (NIM) increased to 4.07% in Q2 2025 from 4% in Q1 2025, with expectations for further upside [6][14] - Noninterest income increased by $1.3 million quarter-over-quarter, with fee income as a percentage of operating revenue improving to 21% [6][15] Business Line Data and Key Metrics Changes - Total loan growth was 6% on an annualized basis for the quarter, with commercial loan growth at 2% [9][10] - Wealth management fees remained the largest component of fee income, with assets under management reaching $3 billion [7][15] - Noninterest expense declined by approximately $600,000 in the quarter, indicating improved cost management [18][19] Market Data and Key Metrics Changes - The loan pipeline is reported to be the strongest since the merger, reflecting a resilient regional economy [10][11] - Credit quality remains sound with net charge-offs being nominal and classified loans decreasing by 14% [11][21] - The average yield on loans was 6.5%, impacted by lower purchase accounting accretion [23] Company Strategy and Development Direction - The company aims to enhance its wealth management business and is focused on talent acquisition to support growth [7][48] - A share repurchase program of up to 500,000 shares was authorized, indicating confidence in the company's valuation [11][12] - The company is considering strategic opportunities, including potential acquisitions, while maintaining a focus on shareholder value [26][70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future earnings growth as loan growth accelerates and expenses are expected to decline [5][8] - The competitive lending environment is acknowledged, but management remains confident in their ability to grow loans prudently [10][15] - The company is asset sensitive, and potential rate cuts could negatively impact net interest income, but management is focused on managing deposit costs [42][44] Other Important Information - The efficiency ratio improved to 58.7% in Q2 2025 from 60.5% in Q1 2025, with expectations for further improvement [8][19] - The board voted to increase the quarterly dividend by $0.01 per share, marking the third increase in the past year [12] Q&A Session Summary Question: Are there still other credits in the Codorus Valley deal that you are looking to move off of or sell? - Management indicated that while there may be a couple of loans to consider selling, they have been successful in working them out with minimal charge-offs [31] Question: Is there a capital level you would like to reach before considering another acquisition? - Management stated they are at premerger capital levels and feel confident about their position for potential acquisitions [36] Question: Can you provide commentary on the potential for NIM expansion in Q3 with possible rate cuts? - Management acknowledged that rate cuts could negatively impact net interest income but emphasized the importance of properly pricing loans [42][44] Question: What initiatives are in place for growth in the wealth management business? - Management highlighted opportunities for growth through talent acquisition and expanding in markets like Maryland and Lancaster [48] Question: How has the sentiment of commercial clients changed recently? - Management reported that the loan pipeline is the largest since the merger, indicating positive sentiment among commercial clients [52] Question: What is the current line utilization rate in the commercial portfolio? - Management noted that line utilization rates have remained stable and modest [61] Question: Are you ready for another transaction a year after the Codorus Valley deal? - Management expressed that they are looking for opportunities that add value and are focused on best practices for future acquisitions [70]

Financial Data and Key Metrics Changes - Operating earnings per share for the quarter was $0.66, an increase of 14% year over year [3] - Net interest margin expanded to 3.50%, an improvement of 14 basis points over the last quarter [3] - Customer deposits, excluding merger activity, grew by 1.3% annualized [4] - Loan growth was 4.2% annualized, with strong pipelines heading into the third quarter [4] - Efficiency ratio improved to 54.8%, an improvement of 222 basis points compared to last year [5] Business Line Data and Key Metrics Changes - Deposits increased by $205 million, benefiting from the American National deal [7] - Excluding public fund seasonality, deposits grew by $64 million or 1.2% annualized [8] - Loan portfolio growth continued at a 4.2% annualized pace, excluding American National [9] - Spread income grew at a 21% annualized pace, excluding American National [11] - Operating expenses increased by $2.1 million, primarily driven by merit increases [12] Market Data and Key Metrics Changes - The CET1 ratio remained stable at 13.3%, indicating strong capital position [10] - The loan to deposit ratio increased slightly to 79% due to the acquisition and solid loan growth [9] - The total deposit beta was 34% so far, with expectations for a high 30% range through the cycle [8] Company Strategy and Development Direction - The company continues to seek small, high-performing institutions for potential acquisitions [22] - Focus remains on organic growth, M&A, dividends, and buybacks, with a cautious approach to capital management [48] - The company is actively recruiting top talent to enhance its footprint and market presence [62] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for the rest of the year despite uncertainties related to tariffs and yield curve direction [15] - There is a positive sentiment among clients regarding economic conditions and potential tax benefits [43] Other Important Information - The company redeemed $100 million in senior notes to manage interest costs effectively [9] - The allowance for credit losses remained flat at 1.21%, with a provision of $11.8 million for the quarter [14] Q&A Session Summary Question: Inquiry about loan growth and hiring initiatives - Management confirmed there were some pay downs but remains optimistic about loan growth in Q3, expecting it to be around 6% [19] - The company is focused on recruiting top talent and has made recent hires to strengthen its team [20] Question: Update on M&A strategy - The company continues to look for small, high-performing institutions for acquisition, with a more favorable outlook compared to previous months [22] Question: Core margin and deposit beta expectations - Management anticipates continued core margin expansion, targeting about five basis points in the third quarter [25] Question: Openness to share buybacks - Currently, the company is not active in buybacks but retains authorization for future opportunities at lower prices [34] Question: Outlook on Navitas growth - Navitas had a strong quarter, and the company plans to maintain or increase loan sales for the rest of the year [38] Question: Capital management and securities restructuring - The company has significant excess capital and is evaluating options for securities restructuring but prioritizes organic growth and M&A [48][47]

Core Insights - Greene County Bancorp, Inc. reported record high net income of $31.1 million for the fiscal year ended June 30, 2025, representing a 25.7% increase from $24.8 million in the previous year [1][3] - The company plans to expand into Saratoga County, increasing its geographic footprint from five to six counties in New York State [3] - Total consolidated assets reached $3.0 billion at June 30, 2025, up from $2.8 billion a year earlier, marking a 7.6% increase [19] Financial Performance - Net income for the quarter ended June 30, 2025, was $9.3 million, compared to $6.7 million for the same quarter in 2024, a 38.6% increase [1][6] - Pre-provision net income for the year ended June 30, 2025, was $32.5 million, up 27.1% from $25.5 million in 2024 [4] - Net interest income increased to $60.1 million for the year ended June 30, 2025, from $51.0 million in 2024, a rise of 17.8% [5][24] Asset and Loan Growth - Total loans receivable increased by $127.0 million, or 8.6%, to $1.6 billion at June 30, 2025 [19] - The average balance of interest-earning assets rose by $219.0 million for the quarter and $170.7 million for the year ended June 30, 2025 [5][8] - Securities available-for-sale and held-to-maturity increased by $91.9 million, or 8.8%, to $1.1 billion at June 30, 2025 [19] Deposit and Borrowing Trends - Total deposits increased by $250.6 million, or 10.5%, to $2.6 billion at June 30, 2025 [19] - NOW deposits rose by $192.6 million, or 10.9%, while certificates of deposits increased by $89.7 million, or 64.8% [19] - Borrowings decreased to $128.1 million at June 30, 2025, from $199.1 million a year earlier [19] Credit Quality - The provision for credit losses for the year ended June 30, 2025, was a charge of $1.3 million, compared to $766,000 in 2024 [10] - Nonperforming loans decreased to $3.1 million at June 30, 2025, from $3.7 million a year earlier [16] - The allowance for credit losses on loans to total loans was 1.24% at June 30, 2025, compared to 1.28% at June 30, 2024 [12] Noninterest Income and Expenses - Noninterest income increased by $1.3 million, or 9.5%, to $15.2 million for the year ended June 30, 2025 [13] - Noninterest expense rose by $2.1 million, or 5.6%, to $39.4 million for the year ended June 30, 2025 [13] - The effective tax rate increased to 14.8% for the year ended June 30, 2025, from 10.2% in 2024 [14]

Core Viewpoint - FFB Bancorp reported a decline in net income for the second quarter of 2025, attributed to increased operating expenses and challenges related to compliance with a consent order, despite recognition as a top-performing bank in its asset category [1][2][46]. Financial Performance - Net income for Q2 2025 was $6.04 million, or $1.94 per diluted share, down from $8.08 million, or $2.54 per diluted share in Q2 2024 [1][2]. - For the first half of 2025, net income totaled $14.13 million, or $4.50 per diluted share, compared to $15.87 million, or $4.99 per diluted share for the same period in 2024 [2]. - Operating revenue increased by 11% to $27.35 million in Q2 2025, compared to $24.73 million in Q2 2024 [5][7]. Asset and Loan Portfolio - Total assets increased by 2% to $1.47 billion as of June 30, 2025 [27]. - The total loan portfolio grew by 13% to $1.09 billion, with commercial real estate loans representing 63% of total loans [28][29]. - Investment securities decreased to $254.18 million from $345.49 million a year earlier, due to sales aimed at generating liquidity [30]. Deposits and Equity - Total deposits rose by 6% to $1.23 billion, although they decreased from $1.32 billion at the end of Q1 2025 [31]. - Shareholders' equity increased by 17% to $173.91 million, with book value per common share rising by 22% to $56.87 [36]. Operating Expenses - Non-interest expenses increased by 19% to $15.77 million in Q2 2025, driven by higher salaries and employee benefits [16][17]. - Salaries and employee benefits rose by 19% to $8.00 million, reflecting an increase in full-time employees to 181 [17]. Compliance and Risk Management - The company is making progress on compliance matters outlined in a consent order, which is expected to impact near-term performance but aims to establish a robust compliance framework for long-term success [2][22]. - The efficiency ratio for Q2 2025 was 57.15%, compared to 52.74% for the same quarter a year ago, indicating increased operational costs relative to income [21][26]. Merchant Services and Revenue - Merchant services revenue increased by 9% to $6.61 million in Q2 2025, driven by higher volume across ISO partner sponsorship lines [10]. - The company anticipates replacing lost revenue from exited ISO partners through growth in FFB Payments and remaining partnerships [11].

Core Viewpoint - Stock Yards Bancorp, Inc. reported strong financial performance for the second quarter of 2025, driven by significant loan growth and net interest margin expansion, resulting in record earnings of $34.0 million, or $1.15 per diluted share, compared to $27.6 million, or $0.94 per diluted share, in the same quarter of 2024 [1][2]. Financial Performance - Net income for Q2 2025 was $34.0 million, an increase of $6.4 million, or 23%, from Q2 2024 [2][5]. - Net interest income rose by $11.5 million, or 18%, to $73.5 million, attributed to strong growth in average earning assets and improved yields [5][10]. - Non-interest income increased by $693,000, or 3%, to $24.3 million compared to Q2 2024 [8][9]. Loan and Deposit Growth - Total loans increased by $779 million, or 13%, year-over-year, with a $204 million, or 3%, increase from the previous quarter [6][14]. - Deposit balances expanded by $938 million, or 14%, over the past 12 months, with a notable increase in interest-bearing deposits [16][28]. Net Interest Margin and Efficiency - Net interest margin expanded by 27 basis points year-over-year to 3.53%, driven by higher yields on earning assets and lower funding costs [2][10]. - The efficiency ratio improved to 53.83% from 57.26% in Q2 2024, indicating better operational efficiency [2][33]. Credit Quality - Provision for credit losses was recorded at $2.2 million, reflecting strong loan growth and a slightly deteriorating economic forecast [7][23]. - Non-performing loans totaled $18.0 million, or 0.26% of total loans, showing a slight improvement from 0.29% a year earlier [17][35]. Capital and Shareholder Returns - The company maintained a "well-capitalized" status with a tangible common equity ratio of 8.86% as of June 30, 2025 [18][29]. - A quarterly cash dividend of $0.31 per common share was declared, reflecting a commitment to returning value to shareholders [19][20]. Future Outlook - The company anticipates continued momentum in loan production and deposit growth, with expectations for net interest margin stability despite increased competition in the second half of the year [1][4].

Core Insights - Norwood Financial Corp reported strong financial performance for the second quarter and year-to-date ending June 30, 2025, with significant growth in loans and deposits, alongside improved yields across all business lines [2][3][4]. Financial Performance - Net interest income for Q2 2025 was $19.065 million, a 27.7% increase from $14.925 million in Q2 2024 [4][10]. - The net interest margin increased to 3.43% in Q2 2025 from 2.80% in Q2 2024, reflecting a 63 basis points improvement [3][4]. - Net income for Q2 2025 was $6.205 million, up from $4.213 million in the same period last year, marking a 47.3% increase [4][10]. - Fully diluted earnings per share rose to $0.67, a 28.8% increase compared to $0.52 in Q2 2024 [3][10]. Growth Metrics - Loans grew at an annualized rate of 4.4% in Q2 2025 and 8.2% year-to-date [3][4]. - Total deposits increased by 10.3% year-over-year, reaching $1.997 billion as of June 30, 2025, compared to $1.811 billion in 2024 [8][10]. - The efficiency ratio improved to 58.7% in Q2 2025 from 66.7% in Q2 2024, indicating better cost management [4]. Capital and Asset Management - Total assets increased to $2.365 billion as of June 30, 2025, up 5.82% from $2.235 billion in 2024 [8][9]. - Tangible common equity ratio improved to 8.39% from 6.92% year-over-year [8]. - The company reported a return on average assets of 1.06%, up 31 basis points from the previous year [3][4]. Strategic Initiatives - The launch of the "Every Day Better" campaign received positive feedback, enhancing the company's brand and culture [2]. - The company continues to focus on delivering products and services that align with customer goals, contributing to its strong performance [2].

Financial Data and Key Metrics Changes - Net income for the second quarter of 2025, excluding notable items, totaled $24,500,000, up 7% from $22,900,000 in the preceding first quarter [5] - Reported a net loss of $27,900,000 for the second quarter due to one-time losses from selling lower yielding legacy securities and merger-related items [5] - Pretax pre-provision net revenue excluding notable items grew to $41,200,000, up 17% from $35,200,000 in the first quarter [6] - Net interest income totaled $118,000,000 for the second quarter, an increase of 17% from the prior quarter [11] - Net interest margin increased by 15 basis points quarter over quarter to 2.69 for the second quarter [14] Business Line Data and Key Metrics Changes - Total deposits grew to $15,900,000,000, an increase of 10% from the end of the prior quarter [7] - Loans receivable of $14,400,000,000 were up 8% from the end of the prior quarter, reflecting the addition of Territorial's loan portfolio [8] - Organic loan production increased 57% from the first quarter level [8] - Noninterest income of $15,900,000, excluding notable losses, was up 44% year over year [15] Market Data and Key Metrics Changes - Broker deposits decreased by $183,000,000 or 19% quarter over quarter, with the broker deposits ratio declining to 5% of total deposits [8] - Criticized loans declined by $34,000,000 or 8% quarter over quarter [19] - Non-performing assets totaled $113,000,000, representing 61 basis points of total assets, up from 49 basis points as of March 31 [19] Company Strategy and Development Direction - The acquisition of Territorial Bancorp is seen as a strategic move to enter the important Hawaii market [4] - Strengthening the deposit franchise remains a key priority, with a focus on reducing broker deposits and improving the cost of funds [7] - The company expects loan growth at a high single-digit percentage rate for 2025, driven by improved frontline productivity and hiring [22] Management Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about asset quality, despite some uncertainties in the macroeconomic environment [51] - The company anticipates net interest income growth in the high single-digit percentage range for 2025, despite the negative impact of fewer Fed funds rate cuts [22] - The effective tax rate is expected to be approximately 14% in the third and fourth quarters due to changes in California state tax apportionment law [24] Other Important Information - The Board of Directors declared a quarterly common stock dividend of $0.14 per share [6] - The company plans to continue recognizing pretax acquisition accounting adjustments associated with the Territorial transaction on a quarterly basis [12] Q&A Session Summary Question: Fee income guidance for the second half of the year - Management highlighted positive drivers such as customer swap fee income growth and improved loan-related fee income [30] Question: Spot rate on deposits and assumptions for the outlook - The spot rate at June was 2.93%, with expectations for higher betas on deposit products during upcoming rate cuts [31][32] Question: Cost savings from the Territorial acquisition - Management indicated that there are still more integration and cost savings expected in the second half of the year, but specifics will be shared later [35] Question: Loan growth expectations and hiring impact - Management confirmed ongoing hiring of experienced bankers to drive loan production, with expectations for increased loan growth in the latter half of the year [47] Question: Asset quality and credit outlook - Management expressed cautious optimism regarding asset quality, noting a decline in criticized assets and manageable levels of problem loans [51] Question: One-time costs related to the acquisition - Management indicated there will be a couple million more in one-time costs in the third and fourth quarters [65] Question: Average yield on new loan production - The average yield on new production was approximately 6.76% [68]

Financial Data and Key Metrics Changes - The company reported diluted earnings per share of 59 cents for Q2 2025, with an annualized loan growth of 11% [6][8] - Net interest income increased by over $2 million, while the net interest margin expanded by three basis points to 4.15% [14][19] - The overall allowance for credit losses grew by $9.4 million to 1.13% of total loans, with a provision for credit losses totaling $16.6 million, an increase of $6.5 million from the previous quarter [8][9][12] Business Line Data and Key Metrics Changes - Loan growth was balanced across categories, including commercial and industrial loans ($64 million), residential real estate loans ($30 million), and small ticket leasing loans ($14 million) [13] - Fee-based income was relatively stable, with a slight decline of 1% compared to the linked quarter, primarily due to performance-based insurance commissions recognized in Q1 [16][17] - Non-interest expenses declined by 1% to $70.4 million, driven by lower salaries and employee benefits costs [18] Market Data and Key Metrics Changes - The company experienced increased loan demand, reflected in the pipelines and loan growth during the quarter [12] - The investment portfolio grew by approximately $140 million, driven by investments in higher-yielding bonds [20] - Deposit balances declined by 1% or $98 million, with reductions in money market accounts and interest-bearing checking accounts [20][21] Company Strategy and Development Direction - The company aims to achieve positive operating leverage for 2025 compared to 2024, with expectations of loan growth between 4% to 6% [25][26] - The focus remains on managing the balance sheet and interest rate risk profile while generating loan growth with high underwriting standards [27][28] - The company is actively evaluating M&A opportunities, particularly in overlapping markets and adjacent states [110] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the health of the core commercial portfolio, with expectations for charge-offs to plateau in the small ticket leasing segment [36][43] - The company has not observed significant impacts from tariffs on loan growth or credit metrics, but continues to monitor the portfolio closely [12][68] - Future guidance includes expectations for fee-based income growth in the mid-single-digit percentages compared to 2024 [26] Other Important Information - The tangible equity to tangible assets ratio remained stable at 8.3% [22] - The efficiency ratio improved to 59.3% compared to 60.7% for the linked quarter [19] - The company was recognized as one of America's Greatest Workplaces 2025 by Newsweek, highlighting its commitment to employees [28] Q&A Session Summary Question: Insights on charge-offs and credit outlook - Management indicated that charge-offs in the small ticket leasing segment are expected to plateau, correlating with the decline of high balance accounts [35][36] Question: Reserves perspective and CECL impact - Specific reserves added were primarily related to small ticket leasing, with management believing they are appropriately reserved at this point [39][43] Question: Loan growth guidance and drivers - Management maintained a loan growth guidance of mid-single digits for 2025, citing strong production and pipelines [50][51] Question: Deposit growth outlook - Seasonal growth in governmental deposits is expected in Q3, with overall deposit pricing remaining stable [52][54] Question: M&A opportunities and capital management - The company remains opportunistic regarding stock repurchases and is actively exploring M&A opportunities in existing and adjacent markets [108][110]