Schedule of CODM Reviews to Allocate Recourses to the Bank |
The following table presents financial measures the CODM reviews to allocate recourses to the Bank as of the dates or for the periods indicated: | | | | | | | | | | | | | | | | | | | As of or For the Three Months Ended March 31, | | | ($ in thousands) | | 2025, As Restated | | 2024 | | | Revenue | | | | | | | Interest income | | $ | 46,892 | | | $ | 43,555 | | | | Interest expense | | 22,609 | | | 22,556 | | | | Net interest income | | 24,283 | | | 20,999 | | | | Gain on sale of loans | | 887 | | | 1,078 | | | | Other income | | 1,693 | | | 1,867 | | | | Total revenue, net of interest expense | | 26,863 | | | 23,944 | | | | Expenses | | | | | | | Provision for credit losses | | 1,598 | | | 1,090 | | | | Salaries and employee benefits | | 9,075 | | | 9,218 | | | | Premises expense | | 1,725 | | | 1,807 | | | | Depreciation expense | | 564 | | | 551 | | | | Other expense | | 3,110 | | | 4,776 | | | | Total expense | | 16,072 | | | 17,442 | | | | Income before income taxes | | 10,791 | | | 6,502 | | | | Income taxes | | 3,056 | | | 1,817 | | | | Net income | | $ | 7,735 | | | $ | 4,685 | | | | | | | | | | | Earnings per share, diluted | | $ | 0.53 | | | $ | 0.33 | | | | Return on average assets | | 1.01 | % | | 0.67 | % | | | Return on average shareholders’ equity | | 8.53 | % | | 5.39 | % | | | Net interest margin | | 3.28 | % | | 3.10 | % | | | Loans held-for-investment growth percentage | | 3.7 | % | | 3.2 | % | | | Total deposits growth percentage | | 3.8 | % | | 2.2 | % | | | Tier 1 leverage ratio (consolidated) | | 12.14 | % | | 12.73 | % | | | ACL on loans to loans held-for-investment | | 1.17 | % | | 1.18 | % | | | | | | | | | |
|