Financial Performance - The company reported net income of $9.3 million, or $0.52 diluted earnings per share, for the quarter ended June 30, 2025, a significant increase from $2.3 million, or $0.13 diluted earnings per share, for the quarter ended March 31, 2025 [3][9] - Net interest income was $27.3 million for the second quarter of 2025, up from $26.2 million in the first quarter, driven by a $1.9 million increase in interest income [5][9] - Noninterest income for the second quarter of 2025 was $8.5 million, an increase of $6.2 million from $2.3 million in the first quarter, largely due to a $5.2 million Employee Retention Credit [11][12] Loan and Asset Growth - Loans held for investment totaled $3.2 billion as of June 30, 2025, reflecting a growth of $91.6 million, or 12% annualized, compared to March 31, 2025 [16][9] - Nonperforming assets decreased by $3.6 million, or 5.5%, to $61.0 million at June 30, 2025, down from $64.6 million at March 31, 2025 [20][9] - Total deposits increased to $3.2 billion as of June 30, 2025, a rise of $45.6 million, or 5.8% annualized, compared to March 31, 2025 [18][9] Credit Quality and Provisions - The provision for credit losses was $2.4 million for the second quarter of 2025, down from $6.7 million in the first quarter, reflecting an increase in general reserves due to net loan growth [8][9] - Nonperforming loans represented 1.49% of total assets at June 30, 2025, a decrease from 1.61% at March 31, 2025 [20][9] - The allowance for loan losses as a percentage of loans held for investment decreased to 1.58% at June 30, 2025, compared to 1.65% at March 31, 2025 [24][9] Shareholder Equity and Dividends - Total shareholders' equity was $517.7 million at June 30, 2025, an increase of $7.3 million compared to March 31, 2025 [26][9] - The company declared a quarterly cash dividend of $0.16 per common share, payable on August 12, 2025 [28]