Core Viewpoint - Sound Financial Bancorp, Inc. reported a net income of $2.2 million for Q4 2025, reflecting a year-over-year increase in earnings and a cash dividend declaration of $0.21 per share [1][2]. Financial Performance - Net income for Q4 2025 was $2.2 million, or $0.87 diluted earnings per share, compared to $1.7 million, or $0.66 per share in Q3 2025, and $1.9 million, or $0.74 per share in Q4 2024 [1]. - Total assets increased by $32.0 million, or 3.0%, to $1.09 billion at December 31, 2025, from $1.06 billion at September 30, 2025, and increased by $98.5 million, or 9.9%, from $993.6 million at December 31, 2024 [5][30]. - Total deposits rose by $49.9 million, or 5.6%, to $948.9 million at December 31, 2025, compared to $898.9 million at September 30, 2025, and increased by $111.1 million, or 13.3%, from $837.8 million at December 31, 2024 [6][30]. Loan and Deposit Trends - Loans held-for-portfolio decreased by $4.2 million, or 0.5%, to $905.5 million at December 31, 2025, compared to $909.7 million at September 30, 2025, but increased by $5.4 million, or 0.6%, from $900.2 million at December 31, 2024 [5][35]. - The loans-to-deposits ratio was 96% at December 31, 2025, down from 101.45% at September 30, 2025, and 108% at December 31, 2024 [7]. Credit Quality - Nonperforming loans increased by $3.1 million, or 112.8%, to $5.8 million at December 31, 2025, from $2.7 million at September 30, 2025, but decreased by $1.7 million, or 22.8%, from $7.5 million at December 31, 2024 [7][36]. - The allowance for credit losses on loans to total loans outstanding was 0.95% at December 31, 2025, compared to 0.94% at both September 30, 2025, and December 31, 2024 [38]. Income and Expenses - Net interest income decreased by $278 thousand, or 3.1%, to $8.7 million for Q4 2025, compared to $8.9 million for Q3 2025, but increased by $442 thousand, or 5.4%, from $8.2 million for Q4 2024 [8][11]. - Total noninterest income decreased by $14 thousand, or 1.6%, to $867 thousand for Q4 2025, compared to Q3 2025, and decreased by $293 thousand, or 25.3%, compared to Q4 2024 [10][26]. - Total noninterest expense decreased by $836 thousand, or 10.9%, to $6.8 million for Q4 2025, compared to Q3 2025, and decreased by $218 thousand, or 3.1%, compared to Q4 2024 [10][30]. Operational Insights - The company emphasized consistent expense control and operational improvements, positioning itself for future recovery despite challenges in the mortgage market [2][3]. - The CEO noted that every employee contributed to the results, demonstrating an ability to do more with less [2].

Core Points - NorthEast Community Bancorp, Inc. reported a net income of $11.2 million for Q2 2025, a decrease from $12.8 million in Q2 2024, and a net income of $21.7 million for the first half of 2025, down from $24.2 million in the same period of 2024 [1][2] Financial Performance - For the three months ended June 30, 2025, net interest income was $25.1 million, down 4.4% from $26.2 million in Q2 2024 [25] - Total interest and dividend income decreased by $2.2 million, or 5.5%, to $38.0 million for Q2 2025 compared to $40.2 million for Q2 2024 [26] - Interest expense decreased by $1.1 million, or 7.5%, to $13.0 million for Q2 2025 from $14.0 million in Q2 2024 [27] - The net interest margin decreased by 44 basis points to 5.35% for Q2 2025 compared to 5.79% for Q2 2024 [28] Balance Sheet Summary - Total assets decreased by $35.7 million, or 1.8%, to $2.0 billion at June 30, 2025, primarily due to decreases in cash and cash equivalents, net loans, and real estate owned [3] - Cash and cash equivalents decreased by $18.9 million, or 24.1%, to $59.4 million at June 30, 2025 [4] - Total deposits decreased by $191.2 million, or 11.5%, to $1.5 billion at June 30, 2025 [17] Loan Portfolio - Loans, net of the allowance for credit losses, decreased by $14.9 million, or 0.8%, to $1.8 billion at June 30, 2025 [7] - The company originated loans totaling $462.7 million during the first half of 2025, primarily in construction and multi-family loans [10] Asset Quality - The allowance for credit losses related to loans decreased to $4.7 million, or 0.26% of total loans, as of June 30, 2025 [56] - Non-performing assets were $767,000 at June 30, 2025, significantly down from $5.1 million at December 31, 2024 [54][55] Stockholders' Equity - Total stockholders' equity increased by $18.3 million, or 5.8%, to $336.7 million at June 30, 2025 [24] - The company's total stockholders' equity to assets ratio was 17.06% as of June 30, 2025 [58] Non-Interest Income and Expenses - Non-interest income for Q2 2025 was $858,000, an increase of 17.4% from $731,000 in Q2 2024 [33] - Non-interest expense increased by $1.0 million, or 10.6%, to $10.5 million for Q2 2025 compared to $9.5 million for Q2 2024 [36]

Core Viewpoint - Richmond Mutual Bancorporation, Inc. reported a net income of $2.6 million for Q2 2025, reflecting a 30% increase in diluted earnings per share compared to both Q1 2025 and Q2 2024, driven by higher net interest income and lower noninterest expenses [1][2][3]. Financial Performance Highlights - Net interest income before provision for credit losses increased by $501,000, or 4.9%, to $10.8 million in Q2 2025 compared to Q1 2025, and increased by $1.2 million, or 12.4%, from Q2 2024 [5]. - The annualized net interest margin improved to 2.93% in Q2 2025, up from 2.79% in Q1 2025 and 2.64% in Q2 2024, attributed to a favorable asset repricing environment following Federal Reserve rate cuts [13][19]. - Interest income rose by $478,000, or 2.3%, to $21.3 million in Q2 2025 compared to Q1 2025, and increased by $1.3 million, or 6.3%, from Q2 2024 [6][34]. Balance Sheet Summary - Total assets remained stable at $1.5 billion as of June 30, 2025, with loans and leases net of allowance for credit losses totaling $1.2 billion [8][19]. - Nonperforming loans and leases increased to $8.1 million, or 0.68% of total loans and leases, compared to $6.8 million, or 0.58%, at the end of 2024 [21][22]. - Total deposits increased by $2.4 million, or 0.2%, to $1.1 billion at June 30, 2025, driven by increases in interest-bearing demand deposits and retail time deposits [25]. Management Insights - The CEO emphasized the strength of the bank's core banking model, focusing on customer care and disciplined decision-making amid economic uncertainties [3]. - The company is committed to maintaining solid credit quality while managing expenses effectively [3]. Stockholder Information - Stockholders' equity totaled $132.3 million at June 30, 2025, a slight decrease from December 31, 2024, primarily due to dividend payments and stock repurchases [27][28]. - The company repurchased 101,127 shares of common stock at an average price of $13.46 per share during Q2 2025 [28].

Financial Data and Key Metrics Changes - The company recorded net income of $9.4 million or $0.37 per diluted share, with a return on average assets (ROA) of 1% for Q1 2025 [12] - Excluding the OREO write down, EPS would have been $0.40 per share or an ROA of 1.07% [12] - Net interest margin increased to 3.65% from 3.54% in the previous quarter, supported by a decline in interest-bearing deposit costs [14] - Nonperforming assets to total assets declined to 0.42% from 0.46% at the end of Q4 2024 [15] Business Line Data and Key Metrics Changes - Loan growth was strong at $92 million, representing a 12% annualized growth rate, with significant contributions from asset-based lending, private equity, and small business lending [8][25] - The asset-based lending portfolio increased to just over $90 million, while the private equity fund banking portfolio grew to $128 million [10] - Small business lending, including Business Express and SBA loans, reached $91 million [10] Market Data and Key Metrics Changes - Total deposits increased by $64 million or 8% from the previous quarter, with noninterest-bearing deposits growing significantly [21] - The noninterest-bearing demand deposits ratio rose to 17.2%, up from 15.8% a year ago [21] - Time deposits increased by $47 million, supported by brokered funding [22] Company Strategy and Development Direction - The company aims to focus on deposit generation and maintaining profitable relationships in a competitive environment [20] - Plans for branch expansion include opening new branches in New Jersey and relocating a Florida branch [22] - The company is investing in technology, including the rollout of a Salesforce CRM tool to enhance customer relationship management [24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding loan demand, anticipating continued activity in construction and refinancing despite potential economic slowdowns [41][42] - The company is focused on maintaining a strong credit profile and managing risks associated with new lending units [88] - Management believes the current allowance for credit losses is adequate, with a strong coverage ratio relative to peers [51] Other Important Information - The efficiency ratio remained strong at 57.65%, below 60% for 23 consecutive quarters [18] - The company continued its buyback program and maintained a stable cash dividend [19] Q&A Session Summary Question: Loan growth in the quarter and future lending environment - Management noted that much of the loan activity is tied to ongoing projects, with expectations for continued demand in the near term [41][42] Question: Buyback activity and future plans - Management indicated that buyback activity is on the radar, especially while the stock trades at lower levels [47][48] Question: Credit reserves and economic outlook - Management feels comfortable with the current allowance for credit losses, indicating a strong coverage ratio [50][51] Question: OREO write down details - The write down was related to an acquired loan in New York City, with management taking a conservative approach to ensure full coverage [56][57] Question: NIM and funding costs - Management discussed expectations for stable net interest margin, with some headwinds and tailwinds offsetting each other [66] Question: Growth targets for C&I lending - Management provided growth targets for asset-based lending and private equity, indicating potential for significant increases in the coming years [74][75]