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Achieved record net interest income of 24.6 million, a 38% year-over-year increase driven by the Presence Bank acquisition and a repositioned bond portfolio.

Net interest margin expanded by 38 basis points to 3.68%, benefiting from favorable interest rate movements and proactive balance sheet management.

Successfully completed core IT and HR system integrations following the Presence Bank acquisition, with all locations now transitioning to a unified brand.

Implemented a new commercial credit system utilizing embedded AI and machine learning to automate documentation and accelerate deal flow productivity.

Attributed strong loan and deposit growth to maintaining customer focus during complex integration activities, with annualized loan growth reaching 8.4%.

Realized strategic and financial benefits from the recent acquisition more quickly than originally projected, leading to expectations for accelerated shareholder value accretion.

Management anticipates tangible book value payback to occur more quickly than planned due to high-quality credit metrics and favorable interest rate trends.

Net interest margin is projected to expand by approximately 3 to 5 basis points over the next few quarters as higher-yielding loans replace maturing assets.

Operating expenses are expected to stabilize between 15.08 million and 16.1 million per quarter as one-time merger costs subside and tech-driven efficiencies take hold.

The company's 2026 strategic priorities focus on completing the Presence Bank integration, increasing operating efficiency through AI, and strengthening the talent pool to enhance shareholder value.

Yield accretion from purchase accounting is scheduled to contribute approximately 2.2 million to margin in 2026, tapering to 2 million in 2027.

Incurred approximately 5 million in merger-related charges during the first quarter, impacting GAAP results but excluded from adjusted performance metrics.

Provision for credit losses increased due to the integration of the Presence Bank portfolio and annual updates to historical factors in the risk model.

Adopted early ASU 2025-8 to avoid a CECL 'double count' on acquired non-purchased credit deteriorated (non-PCD) loans.

Nonperforming loans increased to approximately 11 million, which management attributed to granular commercial portfolio movements rather than the new acquisition.

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Management expects the current expense level to be a 'pretty good run rate' but aims to bring it down toward 15.08 million as merger activities conclude.

The increase in tech spending is tied to ongoing investments in the ABRICO system and a new accounting system intended to drive long-term efficiency.

Management noted that while some new markets are more competitive, they are not seeing significant upward pressure on deposit rates in core Northeast Pennsylvania markets.

The bank is actively working to reduce CDs to below 40% of total deposits to gain more pricing levers, though the room for further cost reductions is narrowing.

The loan pipeline is described as 'very healthy' with recent closings averaging 7.05%, which remains higher than the current total portfolio yield.

Management expects continued margin expansion as cash drag from Q1 is deployed and the portfolio reprices upward.

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