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Segment Revenue

• Interest and Dividend Income: $104.1 million for the three months ended September 30, 2025, compared to $76.1 million for the same period in 2024. For the nine months ended September 30, 2025, it was $252.9 million compared to $222.6 million in 2024.

Operational Metrics

• Net Income: $9.9 million for the three months ended September 30, 2025, compared to $23.0 million for the same period in 2024. For the nine months ended September 30, 2025, it was $51.5 million compared to $66.2 million in 2024.
• Provision for Credit Losses: $19.7 million for the three months ended September 30, 2025, compared to $2.0 million for the same period in 2024. For the nine months ended September 30, 2025, it was $24.6 million compared to $9.3 million in 2024.
• Noninterest Income: $13.1 million for the three months ended September 30, 2025, compared to $10.6 million for the same period in 2024. For the nine months ended September 30, 2025, it was $34.2 million compared to $32.2 million in 2024.
• Noninterest Expense: $63.2 million for the three months ended September 30, 2025, compared to $39.3 million for the same period in 2024. For the nine months ended September 30, 2025, it was $151.1 million compared to $115.4 million in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $78.0 million for the nine months ended September 30, 2025, compared to $107.5 million for the same period in 2024.
• Net Cash Provided by Investing Activities: $78.4 million for the nine months ended September 30, 2025, compared to $63.4 million for the same period in 2024.
• Net Cash Used in Financing Activities: - $139.2 million for the nine months ended September 30, 2025, compared to - $155.3 million for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses on Loans: $75.0 million as of September 30, 2025, compared to $43.6 million as of December 31, 2024.
• Total Deposits: $5.76 billion as of September 30, 2025, compared to $4.77 billion as of December 31, 2024.
• Total Assets: $6.99 billion as of September 30, 2025, compared to $5.65 billion as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company aims to maintain a strong capital position and liquidity, focusing on organic growth and strategic acquisitions to enhance market presence and product offerings.
• Non-Core Business: The company completed the acquisition of Bancorp Financial on July 1, 2025, which brought increased scale and new markets, providing new product offerings and line of business opportunities.
• Priority: The company plans to integrate Bancorp Financial’s operations and achieve anticipated cost savings and strategic gains from the acquisition.