Latest Quarterly Report
Filed: 2026-05-13
Key Insights
- Brokered deposits exceeded FDIC's 20% general cap by $447.6 million as of March 31, 2026, down from $475.4 million at year-end 2025, indicating the bank is managing but still dealing with elevated brokered deposit exposure that could face regulatory scrutiny.
- The filing shows restricted stock awards were anti-dilutive to earnings per share calculations in Q1 2026, suggesting the company's stock price may be under pressure relative to grant pricing levels.
- Total assets of approximately $212.4 billion and $218.5 billion (Q1 2026 vs. Q4 2025) indicate a modest sequential decline, potentially reflecting typical Q1 deposit seasonality or strategic portfolio adjustments in a higher rate environment.