Financial Performance - The company reported net income of $2.1 million for Q2 2025, an increase of $654 thousand from $1.4 million in Q2 2024, with earnings per share rising from $0.34 to $0.50 [1][2] - For the first half of 2025, net income reached $4.3 million, up from $3.1 million in the same period of 2024, with earnings per share increasing from $0.75 to $1.03 [2][27] - Adjusted net income for Q2 2025 was $2.141 million, with adjusted earnings per share at $0.52, compared to $1.725 million and $0.42 in Q2 2024 [3][10] Revenue and Income Sources - Net interest income increased by $280 thousand, or 4%, to $7.6 million in Q2 2025 compared to Q1 2025, while total interest and dividend income rose by $490 thousand [5][27] - Noninterest income totaled $1.8 million in Q2 2025, a decrease of $63 thousand from Q1 2025, primarily due to a drop in other operating income [8][27] Asset Quality and Loan Performance - Nonperforming assets as a percentage of total assets were 0.24% as of June 30, 2025, compared to 0.25% in Q1 2025 and 0.34% in Q2 2024 [11][29] - Loan balances increased by 11% annualized in Q2 2025, with total loans reaching $736.4 million [10][16] Deposits and Borrowings - Total deposits increased by $22.5 million, or 12% annualized, to $794.9 million in Q2 2025 [18][29] - Other borrowings totaled $31.8 million, with a significant portion from the Federal Home Loan Bank of Pittsburgh [19] Shareholder Value and Capital Ratios - The company increased its quarterly cash dividend by 8% to $0.13 per share [10][21] - Shareholders' equity rose to $77.5 million, an increase of $1.4 million from Q1 2025 [20][29] Management Commentary - The CEO highlighted a 9% annualized revenue growth and robust loan and deposit growth, expressing optimism for the year ahead despite economic challenges [4][10]

Financial Performance - The company's total assets reached $1.6 billion as of June 30, 2024 [12] - Net income for the second quarter of 2024 was $6.786 million, a 1.9% increase compared to $6.660 million in the second quarter of 2023 [80] - Net interest income for the second quarter of 2024 increased by 6.8% to $18.405 million from $17.239 million in the second quarter of 2023 [80] - The net interest margin for 2023 was 4.71%, driven by higher rates and strategic investments [30] - In 2023, net income increased by 12.6% to $29.776 million [82] Deposits and Loans - As of June 30, 2024, non-interest-bearing deposits accounted for 51% of total deposits [45] - The average interest-bearing deposit rate was 0.84% for the three months ended June 30, 2024 [44] - Total loans reached $997 million as of June 30, 2024 [58] - Agricultural lending balances represented 12.5% of total loans as of June 30, 2024 [71] Investments and Borrowings - The investment portfolio totaled $445 thousand [41] - Securities totaling $115 million were sold in 1Q24, resulting in a $19.8 million loss [41] - Outstanding BTFP borrowings amounted to $105 million with a rate of 4.85% [55]