Adjusted non-interest expense increased 4.3 million length quarter, including a customer deposit fraud event that involved entities affiliated with a borrower whose credit relationship was placed on non-accrual this quarter. Excluding this item, Adjusted non-interest expense would have totaled $139.3 million, down slightly from fourth quarter 2024 levels, and reflective of our continued expense management discipline.

Apr 17, 2025 / President / receipt, needs a key / Jay Brogdon, President | earnings call 2025-04-17 | transcript 9f07fb6a-b2e5-4f14-8172-8f070845eaf7 | chars 5238-5658 | segment 5