Quarterly Performance Overview
Net interest margin increased to 3.61% in Q4 2025, up from 3.58% in Q3 2025 and 3.03% in Q4 2024. Return on average assets was 0.91% and return on average equity was 9.18% for the quarter. Wealth management fee income rose 25.8% to 2.3 million compared to the prior quarter.
Full Year and Year-over-Year Context
For the full year 2025, net income was 8.214 million, a decrease from 15.343 million in 2024. This decline is largely attributed to a 12.4 million pre-tax realized loss on the sale of available-for-sale debt securities in Q1 2025 as part of a balance sheet repositioning. Excluding the tax-effected impact of a 3.9 million gain from a 2024 sale-leaseback transaction, adjusted net income for Q4 2024 was 3.1 million, making the Q4 2025 net income an increase over the adjusted Q4 2024.
Nonperforming assets increased to 0.77% of total assets at December 31, 2025 from 0.74% at September 30, 2025 and 0.16% at December 31, 2024. The allowance for credit losses to total loans was 1.04% at year-end 2025.
Analyst Activity
No analyst upgrades, downgrades or price-target changes were reported today.
Dividend Announcement
The Board of Directors announced a quarterly common stock cash dividend of 0.31 per common share, payable on February 13, 2026, to shareholders of record on February 2, 2026.