Nonperforming assets on December 31, 2024, remained negligible, totaling $9.2M compared to $11.9M and $9.1M at the end of the prior quarter and prior year, respectively. “We are pleased with the financial results for 2024,” stated CEO Mike Molepske. “The Bank delivered a return on assets, a measure of both profitability and efficiency, of 1.56%, marking the second consecutive year this metric exceeded 1.50%. Our consistently strong financial performance is directly related to the tireless efforts of our team to remain true to our promise to be ‘a relationship-based bank that delivers innovative solutions to the communities we serve.'”
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