0001437749-26-014866
SEC filingNet income surged 86.8% to $37.8 million, driven by higher BOLI income and improved deposit costs, while the company strengthened its liquidity position through a new reciprocal deposit network.
The company experienced growth in both loans and deposits during the quarter. The increase in gross loans as of March 31, 2026, compared to December 31, 2025, was primarily driven by organic growth in the commercial real estate portfolio, reflecting continued lending activity within the expanded market footprint.
The company actively monitors and manages its liquidity position to determine current or potential future liquidity needs. Liquidity remains a key focus, measured by the bank's ability to fund loans, withdrawals or maturities of deposits, and other cash outflows in a cost-effective manner.