Financial Performance - Total assets increased to $1835965 thousand, a 28% increase from the previous quarter[2] - Total loans reached $1497356 thousand, reflecting a 52% growth[2] - Total deposits amounted to $1594138 thousand, up by 28%[2] - Net income rose to $11105 thousand, a 74% increase[2] - Diluted earnings per share increased to $116, a 74% increase[2] Balance Sheet & Capital Management - Cash + unpledged securities + undrawn credit totaled $75714 million, providing 262x coverage of adjusted uninsured deposits of $28909 million[5] - Loans repricing in ≤1 year: $126 billion (8431%), with $108 billion (7192%) repricing daily[5] - The bank's CET1 ratio is 1389%, Tier 1 Leverage is 1249%, and TCE/TA is 1205%, all significantly above regulatory thresholds[5] Loan Portfolio - Variable-rate loans constitute 75% ($11263 million) of the loan portfolio, while fixed-rate loans account for 25% ($3737 million)[45] - Nonperforming loans to total loans ratio is 037%[5] - The loan portfolio has grown at a CAGR of 138% since 2020[57]

Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. The company also completed the acquisition of Cornerstone Community Bancorp, which is expected to enhance its market presence and operational efficiency. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return on Assets and Equity - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025, compared to $2.2 million in Q2 2024 [3][47] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025, with $481 thousand attributed to merger-related costs [4][48] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13][15] - Total deposits increased by $62 million to $1.4 billion as of June 30, 2025, with significant increases in money market accounts and time deposits [17][20] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20][26] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million, representing 1.34% of total loans, up from 0.90% in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its operational capabilities and market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]

Core Viewpoint - Plumas Bancorp reported a decrease in net income and earnings per share for the second quarter of 2025 compared to the same period in 2024, while showing an increase in net income for the first half of 2025 compared to the first half of 2024. Financial Performance - Net income for Q2 2025 was $6.3 million or $1.07 per share, down from $6.8 million or $1.15 per share in Q2 2024 [1] - Diluted earnings per share decreased to $1.05 in Q2 2025 from $1.14 in Q2 2024 [1] - For the first half of 2025, net income was $13.5 million or $2.28 per share, an increase from $13.0 million or $2.21 per share in the first half of 2024 [6] Return Metrics - Return on average assets was 1.56% in Q2 2025, down from 1.67% in Q2 2024 [2] - Return on average equity decreased to 13.4% in Q2 2025 from 17.1% in Q2 2024 [2] - For the first half of 2025, return on average assets was 1.67%, up from 1.61% in the first half of 2024, while return on average equity decreased to 14.7% from 16.7% [7] Income Statement Highlights - Net interest income decreased by $222 thousand to $18.2 million in Q2 2025 from $18.4 million in Q2 2024 [3] - Non-interest income increased by $159 thousand to $2.4 million in Q2 2025 from $2.2 million in Q2 2024 [3][49] - Non-interest expense increased by $616 thousand to $11.0 million in Q2 2025 from $10.4 million in Q2 2024, with $481 thousand related to merger costs [4][50] Balance Sheet Highlights - Gross loans increased by $21 million, or 2%, to $1.0 billion as of June 30, 2025 [13] - Total deposits increased by $62 million, or 5%, to $1.4 billion as of June 30, 2025 [17] - Total equity increased by $28 million, or 17%, to $193 million as of June 30, 2025 [20] Asset Quality - Nonperforming assets increased to $13.7 million, or 0.84% of total assets, as of June 30, 2025, up from $9.1 million or 0.56% in June 2024 [19] - Nonperforming loans increased to $13.6 million as of June 30, 2025, compared to $9.0 million in June 2024 [21] Acquisition and Strategic Developments - The company completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, which is expected to enhance its market presence [4][14] - The company is expanding its treasury management services and refining its lending processes to improve efficiency [14]

Core Points - Endeavor Bancorp reported a net income of $1.36 million, or $0.32 per diluted share, for Q1 2025, showing an increase from $1.08 million in Q4 2024 and $407,000 in Q1 2024 [1][9] - The company experienced significant growth in loans and deposits, with net loans increasing by 4.6% quarter-over-quarter and 34.9% year-over-year, while total deposits grew by 4.2% from the previous quarter and 27.2% from the previous year [3][12] - The net interest margin improved to 4.12% in Q1 2025, up 15 basis points from Q4 2024 and 44 basis points from Q1 2024, driven by strong loan growth and improved funding costs [5][21] Financial Performance - Total interest income for Q1 2025 was $11.1 million, an increase of $365,000 from the previous quarter, while total interest expenses decreased by $130,000 [4][21] - Non-interest income rose to $183,000 in Q1 2025, a 14% increase compared to Q4 2024 [6][21] - Non-interest expenses were $4.86 million in Q1 2025, reflecting a year-over-year increase of $725,000 due to strategic investments in staff [7][21] Balance Sheet Highlights - Total assets increased by $26.2 million, or 3.9%, to $704.6 million as of March 31, 2025, compared to $678.3 million at the end of Q4 2024 [10][21] - Total loans outstanding reached $597.8 million, up $26.0 million, or 4.6%, from the previous quarter [11][21] - Total deposits amounted to $626.2 million, an increase of $24.9 million, or 4.1%, from the previous quarter [12][21] Capital and Efficiency Ratios - The annualized return on average equity for Q1 2025 was 11.68%, compared to 9.35% in Q4 2024 and 3.79% in Q1 2024 [9][21] - The efficiency ratio improved to 67.6% in Q1 2025, down from 71.2% in Q4 2024 and 79.9% in Q1 2024, indicating better operational efficiency [7][21] - The Tier 1 leverage ratio was 10.57% as of March 31, 2025, remaining well above regulatory minimums [15][21]

Core Insights - Preferred Bank reported a net income of $30.0 million or $2.23 per diluted share for Q1 2025, reflecting a slight decrease from the previous quarter and a larger decrease compared to the same quarter last year, primarily due to reduced net interest income [1][3][7] Financial Performance - Net interest income was $62.7 million, down $6.5 million from the previous quarter and $5.8 million from the same quarter last year, largely due to a $2.8 million reversal of interest income from nonaccrual loans [2][7] - Noninterest income increased to $4.0 million, up $361,000 from the prior quarter and $933,000 from the same quarter last year, driven by higher letter of credit fee income and gains on sales of SBA loans [2][8] - Noninterest expense totaled $23.4 million, a decrease of $4.9 million from the previous quarter but an increase of $3.3 million compared to the same quarter last year, influenced by higher personnel and OREO expenses [2][9] Asset Quality - Non-accrual loans amounted to $78.9 million, primarily consisting of two well-secured loans totaling $65.6 million, with no anticipated losses [4][13] - Total criticized loans decreased to $129.2 million from $158.2 million at year-end, indicating improved asset quality [4][14] - The provision for credit losses was $700,000, significantly lower than the $2.0 million in the previous quarter and $4.4 million in the same quarter last year [15] Capitalization and Ratios - As of March 31, 2025, the Bank's tangible capital ratio was 10.96%, leverage ratio was 11.52%, and total capital ratio stood at 15.15%, showing stable capitalization [16][28] - Return on average assets was 1.76% and return on beginning equity was 15.96%, reflecting solid profitability metrics [9][27] Balance Sheet Summary - Total gross loans were $5.63 billion, a slight decrease from the previous quarter, while total deposits increased by $155.9 million to $6.07 billion [12][28] - Total assets rose to $7.1 billion, an increase of $176.7 million from the previous quarter, indicating growth in the Bank's overall financial position [12][28]

Financial Data and Key Metrics Changes - In Q4 2024, Banco Macro's net income totaled ARS 102.2 billion, a 4% increase or ARS 3.5 billion higher than Q3 2024 [4] - The annualized return on average equity was ARS 7.5 and the return on average assets was ARS 2.4 [5] - For fiscal year 2024, net income was ARS 325.1 billion, a 70.4% decrease compared to fiscal year 2023 [5] - Total comprehensive income for fiscal year 2024 was ARS 227.7 billion, down 83% from fiscal year 2023 [5] Business Line Data and Key Metrics Changes - Net interest income in Q4 2024 was ARS 532.6 billion, a 13% decrease or ARS 82.2 billion lower than Q3 2024 [8] - Provision for loan losses in Q4 2024 totaled ARS 37.5 billion, a 50.1% increase or ARS 12.7 billion higher than Q3 2024 [6] - Net fee income in Q4 2024 was ARS 139.9 billion, a 6% increase or ARS 7.6 billion higher than Q3 2024 [12] Market Data and Key Metrics Changes - Total financial loans reached ARS 5.8 trillion, an 18% increase or ARS 884.1 billion quarter on quarter and a 45% increase year on year [18] - Private sector loans represented 8.3% market share as of December 2024 [19] - Total deposits decreased 3% or ARS 199.3 billion quarter on quarter, totaling ARS 8.4 trillion, but increased 15% or ARS 1.1 trillion year on year [20] Company Strategy and Development Direction - The bank aims to utilize its excess capital of ARS 2.8 trillion effectively, with a capital adequacy ratio of 32.4% [22] - The strategy includes increasing lending to the private sector, with an expected loan growth of 60% in real terms for 2025 [28] - The bank plans to reduce its securities portfolio to fund loan growth, with 80% of funding expected from deposit growth and 20% from securities reduction [39] Management's Comments on Operating Environment and Future Outlook - Management expects GDP growth of 5.5% in 2025, with inflation projected at 25% [26] - The cost of risk for 2025 is anticipated to be above 2%, potentially reaching 2.5% due to increased lending [31] - The effective income tax rate for fiscal year 2024 was 9.2%, lower than the previous year's 32.7% [17] Other Important Information - The efficiency ratio reached 39.4%, deteriorating from 36.3% in Q3 2024 [16] - The bank's nonperforming loans ratio was 1.28%, with a coverage ratio of 158.81% [21] - The bank's liquidity ratio of liquid assets to certain deposits was 79% [22] Q&A Session Summary Question: What are the macro expectations for interest rates, inflation, GDP growth, and FX for this year? - Management expects a GDP decline of 2% in 2024, with a growth forecast of 5.5% for 2025 and inflation around 25% [26][27] Question: What are the ROE expectations for this year? - ROE is forecasted to range from 12% to 15% in 2025, driven by increased lending to the private sector [28] Question: Can you elaborate on asset quality and cost of risk for 2025? - Cost of risk is expected to be above 2%, with NPLs increasing due to higher lending [31] Question: How do you expect the weight of securities to evolve in 2025? - The securities portfolio is expected to decrease to around 20% of total assets by December 2025 [38] Question: What is the strategy for deposit growth? - The bank anticipates a 30% real growth in deposits for 2025, driven by increased private sector deposits and competition [50] Question: Are there any upcoming management changes? - There will be announcements regarding management changes, specifically related to the new CEO [58]