Core Insights - FFB Bancorp reported a net income of $6.24 million for Q3 2025, a 3% increase from Q2 2025 but a 27% decrease from Q3 2024 [1][2] - For the nine months ended September 30, 2025, net income was $20.37 million, down 16% from $24.43 million in the same period of 2024 [2] - The company experienced growth in loan and deposit portfolios while focusing on strategic improvements in technology and processes [2] Financial Performance - Q3 2025 operating revenue decreased 14% to $23.49 million from Q2 2025 and 8% from Q3 2024 [5][6] - Net interest income increased 2% to $18.05 million compared to Q3 2024 but decreased slightly from Q2 2025 [7] - Total assets increased 2% to $1.50 billion from Q2 2025 but decreased 1% from Q3 2024 [5][26] - Total loans increased 3% to $1.12 billion from Q2 2025 and 12% from Q3 2024 [5][26] - Total deposits increased 2% to $1.26 billion from Q2 2025 but decreased 2% from Q3 2024 [5][32] Shareholder Actions - The company fully utilized a $15 million share repurchase program, repurchasing 194,049 shares at an average price of $77.21, representing approximately 7.73% of total shareholders' equity [3][4] Cost Management - Non-interest expense decreased 9% to $14.27 million from Q2 2025 but increased 12% from Q3 2024 [15] - Salaries and employee benefits increased 19% to $7.67 million compared to Q3 2024, attributed to an increase in full-time employees [16] - The efficiency ratio was 60.76% for Q3 2025, up from 50.16% in the same quarter a year ago [20][25] Asset Quality - Nonperforming assets increased 2.54% to $27.93 million, or 1.86% of total assets, at September 30, 2025 [39] - The provision for credit losses was $687,000 in Q3 2025, down from $762,000 in Q3 2024 [42] Market Position - FFB Bancorp is recognized as a leading SBA lender in California's Central Valley and has received various accolades for its performance [46]