Financial Data and Key Metrics Changes - Net income for fiscal 2025 reached $29.2 million, an all-time record, and $4.9 million higher than fiscal 2024 [9] - Earnings per share (EPS) for fiscal 2025 was $3.67, also a record, representing a 22% increase from fiscal 2024 [9] - Return on assets was 1.5% and return on equity was 11.56% for fiscal 2025, both favorable compared to peers [10] - Total assets grew by 5% in 2025, surpassing the $2 billion mark [10] - Total capital was over $268 million at the end of the most recent quarter, with strong capital ratios exceeding regulatory levels [10][11] - Quarterly cash dividend increased to $0.29 per share, marking the 53rd consecutive quarter of dividend payments [11] Business Line Data and Key Metrics Changes - Total deposits increased by 5% in 2025 after a 4% decrease in fiscal 2023 and a 6% increase in 2024 [12] - The loan portfolio increased by 51% since 2021, although growth has flattened recently due to increased loan payoffs [13] - Non-performing assets were only 23 basis points of total assets at the end of the most recent quarter, indicating strong asset quality [16] Market Data and Key Metrics Changes - The banking industry faced significant challenges in 2023 and 2024, including deposit outflows and margin compression, but 2025 showed improvement with a more favorable yield curve [8] - Timberland's stock outperformed the Nasdaq Bank Index and the KBW Regional Bank Index over the past five years, with the stock price increasing from $29.52 to $37.42 [19] Company Strategy and Development Direction - The company opened a new branch in University Place, Washington, to better serve local customers and expand its footprint [21][23] - Continued focus on enhancing technology resources, including online banking and partnerships with Fintechs, to improve customer engagement [26] - Commitment to maintaining a strong presence in mortgage banking despite industry trends of other community banks reducing their mortgage operations [27] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced by the banking industry in recent years but expressed optimism about the recovery and improved profitability in 2025 [8] - The company is focused on community engagement and supporting local nonprofits, which has been particularly important during increased demand for food bank services [25] Other Important Information - The company has implemented effective fraud controls to address rising fraud concerns in the banking sector [28] - Plans to enhance customer statements and introduce digital debit cards for immediate issuance [29] Q&A Session Summary Question: Were there any questions submitted during the meeting? - No questions were submitted during the meeting [32]