Net income to common stockholders reached $21.7 million ($0.62 per diluted share) in Q1 2026, up from $18.4 million in Q4 2025 and $15.0 million year-over-year. Return on average equity was 15.32% and ROTCE was 15.71%, while net interest income before provision totaled $41.3 million and NIM stood at 2.42%.

Mortgage Purchase Program balances increased by $435.7 million (51% annualized), net of $412.7 million in participations, and All-in-One home equity line balances rose by $28.0 million (15% annualized). Total deposits grew by $131.8 million (11% annualized), the wholesale funding ratio eased to 62.94%, and the company completed a $20.0 million subordinated note placement.

Net charge-offs declined by $0.9 million from the prior quarter, non-performing assets fell by $2.0 million, and loans 31-89 days past due decreased by $6.5 million. The provision for credit losses was a benefit of $445,000, and the allowance for credit losses ended at $9.7 million, representing 0.15% of loans held for investment.