Exhibit 99.1

FIRST SAVINGS FINANCIAL GROUP, INC. REPORTS FINANCIAL RESULTS FOR THE SECOND FISCAL QUARTER ENDED MARCH 31, 2024

Jeffersonville, Indiana — April 25, 2024. First Savings Financial Group, Inc. (NASDAQ: FSFG - news) (the "Company"), the holding company for First Savings Bank (the "Bank"), today reported net income of $4.9 million, or $0.72 per diluted share, for the quarter ended March 31, 2024 compared to net income of $3.7 million, or $0.54 per diluted share, for the quarter ended March 31, 2023. Excluding nonrecurring items, the Company reported net income of $3.6 million (non-GAAP measure)⁽¹⁾ and net income per diluted share of $0.52 (non-GAAP measure)⁽¹⁾ for the quarter ended March 31, 2024. The core banking segment reported net income of $4.5 million, or $0.66 per diluted share for the quarter ended March 31, 2024. Excluding nonrecurring items, the core banking segment reported net income of $3.6 million, or $0.53 per diluted share for the quarter ended March 31, 2024 (non-GAAP measure)⁽¹⁾.

Commenting on the Company’s performance, Larry W. Myers, President and CEO, stated “We continue to focus on reducing balance sheet and operating inefficiencies; strong asset quality; selective high-quality lending; deposit growth; and improvement of liquidity, capital and interest rate sensitivity positions. We’ve been successful in executing these strategies and we continue to move on the right trajectory, which we believe will deliver increasing financial results and shareholder value.”

(1) Non-GAAP net income and net income per diluted share exclude certain nonrecurring items. A reconciliation to GAAP and discussion of the use of non-GAAP measures is included in the table at the end of this release.

Results of Operations for the Three Months Ended March 31, 2024 and 2023

Net interest income decreased $574,000, or 3.9%, to $14.3 million for the three months ended March 31, 2024 as compared to the same period 2023. The decrease in net interest income was due to a $5.8 million increase in interest expense, partially offset by a $5.2 million increase in interest income. Interest income increased due to an increase in the average balance of interest-earning assets of $199.9 million, from $2.02 billion for 2023 to $2.22 billion for 2024, and an increase in the weighted-average tax-equivalent yield, from 5.01% for 2023 to 5.48% for 2024. The increase in the average balance of interest-earning assets was due primarily to a $293.5 million increase in the average balance of loans, partially offset by a decrease in the average balance of investment securities of $92.2 million. Interest expense increased due to an increase in the average balance of interest-bearing liabilities of $254.8 million, from $1.68 billion for 2023 to $1.93 billion for 2024, and an increase in the average cost of interest-bearing liabilities, from 2.36% for 2023 to 3.25% for 2024. The increase in the average cost of interest-bearing liabilities for 2024 was due primarily to higher rates for borrowings and brokered deposits as a result of increased market interest rates due to competition and higher U.S. Treasury rates, and migration of deposits from lower-yielding transaction and savings accounts to higher-yielding money market accounts and certificates of deposits.

The Company recognized a provision for credit losses for loans of $454,000 and a provision for credit losses for securities of $23,000 for the three months ended March 31, 2024, compared to a provision for loan losses of $372,000 for the same period in 2023. The Company recognized net charge-offs of $110,000 for the three months ended March 31, 2024, of which $42,000 was related to unguaranteed portions of SBA loans, compared to net recoveries of $6,000 in 2023.

Noninterest income decreased $3.8 million for the three months ended March 31, 2024 as compared to the same period in 2023. The decrease was due primarily to a $4.1 million decrease in mortgage banking income due to the cessation of national mortgage banking operations in the quarter ended December 31, 2023.

Noninterest expense decreased $6.2 million for the three months ended March 31, 2024 as compared to the same period in 2023. The decrease was due primarily to decreases in compensation and benefits expense of $2.8 million and other operating expense of $2.4 million. The decrease in compensation and benefits expense was due primarily to a reduction in staffing related to the cessation of national mortgage banking operations in the quarter ended December 31, 2023. The decrease in other operating expense was due primarily to a decrease in loss contingency for SBA-guaranteed loans of $656,000 in 2024 compared to an increase of $490,000 in 2023, and an adjustment to the valuation allowance related to sale of residential mortgage servicing rights of $247,000 in 2024 with no corresponding amounts in 2023.

The Company recognized income tax expense of $866,000 for the three months ended March 31, 2024 compared to $333,000 for the same period in 2023. The effective tax rate for 2024 was 14.9%, which was an increase from the effective tax rate of 8.2% in 2023. The increase was due to higher pre-tax income in 2024 as compared to 2023.

Results of Operations for the Six Months Ended March 31, 2024 and 2023

The Company reported net income of $5.8 million, or $0.85 per diluted share, for the six months ended March 31, 2024 compared to net income of $6.6 million, or $0.95 per diluted share, for the six months ended March 31, 2023. Excluding nonrecurring items, the Company reported net income of $4.5 million (non-GAAP measure)⁽¹⁾ and net income per diluted share of $0.65 (non-GAAP measure)⁽¹⁾ for the six months ended March 31, 2024. The core banking segment reported net income of $8.6 million, or $1.25 per diluted share for the six months ended March 31, 2024. Excluding nonrecurring items, the core banking segment reported net income of $7.7 million, or $1.12 per diluted share for the six months ended March 31, 2024 (non-GAAP measure)⁽¹⁾.

Net interest income decreased $2.7 million, or 8.7%, to $28.5 million for the six months ended March 31, 2024 as compared to the same period 2023. The decrease in net interest income was due to a $13.1 million increase in interest expense, partially offset by a $10.4 million increase in interest income. Interest income increased due to an increase in the average balance of interest-earning assets of $195.3 million, from $2.00 billion for 2023 to $2.20 billion for 2024, and an increase in the weighted-average tax-equivalent yield, from 4.94% for 2023 to 5.43% for 2024. The increase in the average balance of interest-earning assets was due primarily to a $284.0 million increase in the average balance of loans, partially offset by a decrease in the average balance of investment securities of $91.0 million. Interest expense increased due to an increase in the average balance of interest-bearing liabilities of $260.5 million, from $1.64 billion for 2023 to $1.90 billion for 2024, and an increase in the average cost of interest-bearing liabilities, from 2.08% for 2023 to 3.17% for 2024. The increase in the average cost of interest-bearing liabilities for 2024 was due primarily to higher rates for borrowings and brokered deposits as a result of increased market interest rates due to competition and higher U.S. Treasury rates, and migration of deposits from lower-yielding transaction and savings accounts to higher-yielding money market accounts and certificates of deposits.

The Company recognized a provision for credit losses for loans of $866,000 and a provision for credit losses for securities of $23,000 for the six months ended March 31, 2024, compared to a provision for loan losses of $1.4 million for the same period in 2023. Nonperforming loans, which consist of nonaccrual loans and loans over 90 days past due and still accruing interest, increased $1.7 million from $13.9 million at September 30, 2023 to $15.6 million at March 31, 2024. The Company recognized net charge-offs of $119,000 for the six months ended March 31, 2024, of which $22,000 was related to unguaranteed portions of SBA loans, compared to net charge-offs of $258,000 in 2023, of which $238,000 was related to unguaranteed portions of SBA loans.

Noninterest income decreased $6.2 million for the six months ended March 31, 2024 as compared to the same period in 2023. The decrease was due primarily to a $6.5 million decrease in mortgage banking income due to the cessation of national mortgage banking operations in the quarter ended December 31, 2023.

Noninterest expense decreased $7.7 million for the six months ended March 31, 2024 as compared to the same period in 2023. The decrease was due primarily to decreases in compensation and benefits expense of $3.8 million and other operating expense of $3.4 million. The decrease in compensation and benefits expense was due primarily to a reduction in staffing related to the cessation of national mortgage banking operations in the quarter ended December 31, 2023. The decrease in other operating expense was due primarily to a decrease in loss contingency for SBA-guaranteed loans of $721,000 in 2024 compared to an increase of $490,000 in 2023, and a decrease in loss contingency for restitution to mortgage borrowers of $17,000 in 2024 compared to an increase of $609,000 in 2023.

The Company recognized income tax expense of $390,000 for the six months ended March 31, 2024 compared to tax expense of $416,000 for the same period in 2023. The effective tax rate for 2024 was 6.3%, which was an increase from the effective tax rate of 5.9% in 2023.

Comparison of Financial Condition at March 31, 2024 and September 30, 2023

Total assets increased $76.1 million, from $2.29 billion at September 30, 2023 to $2.36 billion at March 31, 2024. Net loans held for investment increased $112.2 million during the six months ended March 31, 2024 due primarily to growth in residential construction and mortgage loans. Residential mortgage loan servicing rights decreased $59.8 million during the six months ended March 31, 2024, due to the sale of the entire residential mortgage loan servicing rights portfolio during the period.

Total liabilities increased $62.1 million due primarily to increases in total deposits of $105.7 million, partially offset by a decrease in FHLB borrowings of $48.2 million. As of March 31, 2024, deposits exceeding the FDIC insurance limit of $250,000 per insured account were 27.1% of total deposits and 13.1% of total deposits when excluding public funds insured by the Indiana Public Deposit Insurance Fund.

Common stockholders’ equity increased $14.1 million, from $151.0 million at September 30, 2023 to $165.1 million at March 31, 2024, due primarily to a $12.4 million decrease in accumulated other comprehensive loss and an increase in retained net income of $1.3 million. The decrease in accumulated other comprehensive loss was due primarily to decreasing long term market interest rates during the six months ended March 31, 2024, which resulted in an increase in the fair value of securities available for sale. At March 31, 2024 and September 30, 2023, the Bank was considered “well-capitalized” under applicable regulatory capital guidelines.

First Savings Bank is an entrepreneurial community bank headquartered in Jeffersonville, Indiana, which is directly across the Ohio River from Louisville, Kentucky, and operates fifteen depository branches within Southern Indiana. The Bank also has two national lending programs, including single-tenant net lease commercial real estate and SBA lending, with offices located predominately in the Midwest. The Bank is a recognized leader, both in its local communities and nationally for its lending programs. The employees of First Savings Bank strive daily to achieve the organization’s vision, We Expect To Be The BEST community BANK, which fuels our success. The Company’s common shares trade on The NASDAQ Stock Market under the symbol “FSFG.”

This release may contain forward-looking statements within the meaning of the federal securities laws. These statements are not historical facts; rather, they are statements based on the Company's current expectations regarding its business strategies and their intended results and its future performance. Forward-looking statements are preceded by terms such as "expects," "believes," "anticipates," "intends" and similar expressions.

Forward-looking statements are not guarantees of future performance. Numerous risks and uncertainties could cause or contribute to the Company's actual results, performance and achievements to be materially different from those expressed or implied by the forward-looking statements. Factors that may cause or contribute to these differences include, without limitation, changes in general economic conditions; changes in market interest rates; changes in monetary and fiscal policies of the federal government; legislative and regulatory changes; and other factors disclosed periodically in the Company's filings with the Securities and Exchange Commission.

Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance on them, whether included in this report or made elsewhere from time to time by the Company or on its behalf. Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.

Contact:

Tony A. Schoen, CPA

Chief Financial Officer

812-283-0724

FIRST SAVINGS FINANCIAL GROUP, INC.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(Unaudited)

	Three Months Ended						Six Months Ended
OPERATING DATA:	March 31,						March 31,
(In thousands, except share and per share data)	2024			2023			2024			2023
Total interest income	$	30,016		$	24,811		$	58,671		$	48,294
Total interest expense		15,678			9,899			30,220			17,121
Net interest income		14,338			14,912			28,451			31,173
Provision for credit losses - loans		454			372			866			1,356
Provision for credit losses - securities		23			-			23			-
Net interest income after provision for credit losses		13,861			14,540			27,562			29,817
Total noninterest income		3,710			7,516			6,492			12,704
Total noninterest expense		11,778			17,999			27,817			35,510
Income before income taxes		5,793			4,057			6,237			7,011
Income tax expense		866			333			390			416
Net income	$	4,927		$	3,724		$	5,847		$	6,595
Net income per share, basic	$	0.72		$	0.54		$	0.86		$	0.96
Weighted average shares outstanding, basic		6,832,130			6,842,897			6,828,017			6,879,805
Net income per share, diluted	$	0.72		$	0.54		$	0.85		$	0.95
Weighted average shares outstanding, diluted		6,859,611			6,881,496			6,849,928			6,926,277
Performance ratios (annualized)
Return on average assets		0.92	%		0.68	%		0.58	%		0.61	%
Return on average equity		13.06	%		9.15	%		8.48	%		8.36	%
Return on average common stockholders' equity		13.06	%		9.15	%		8.48	%		8.36	%
Net interest margin (tax equivalent basis)		2.66	%		3.06	%		2.68	%		3.23	%
Efficiency ratio		65.26	%		80.25	%		79.61	%		80.93	%

							QTD						FYTD
FINANCIAL CONDITION DATA:	March 31,			December 31,			Increase			September 30,			Increase
(In thousands, except per share data)	2024			2023			(Decrease)			2023			(Decrease)
Total assets	$	2,364,983		$	2,308,092		$	56,891		$	2,288,854		$	76,129
Cash and cash equivalents		62,969			33,366			29,603			30,845			32,124
Investment securities		240,142			246,801			(6,659	)		229,039			11,103
Loans held for sale		19,108			22,866			(3,758	)		45,855			(26,747	)
Gross loans		1,901,850			1,860,742			41,108			1,787,143			114,707
Allowance for credit losses (1)		19,392			18,789			603			16,900			2,492
Interest earning assets		2,214,039			2,152,941			61,098			2,083,397			130,642
Goodwill		9,848			9,848			-			9,848			-
Core deposit intangibles		479			520			(41	)		561			(82	)
Loan servicing rights		3,028			3,711			(683	)		62,819			(59,791	)
Noninterest-bearing deposits		196,239			202,769			(6,530	)		242,237			(45,998	)
Interest-bearing deposits (customer)		1,043,032			978,182			64,850			1,001,238			41,794
Interest-bearing deposits (brokered)		548,175			502,895			45,280			438,319			109,856
Federal Home Loan Bank borrowings		315,000			356,699			(41,699	)		363,183			(48,183	)
Subordinated debt and other borrowings		48,523			48,484			39			48,444			79
Total liabilities		2,199,927			2,143,569			56,358			2,137,873			62,054
Accumulated other comprehensive loss		(17,144	)		(13,606	)		(3,538	)		(29,587	)		12,443
Stockholders' equity		165,056			164,523			533			150,981			14,075
Book value per share	$	23.98		$	23.90			0.08		$	21.99		$	1.99
Tangible book value per share - Non-GAAP (2)		22.48			22.40			0.08			20.47			2.01
Non-performing assets:
Nonaccrual loans - SBA guaranteed	$	5,053		$	5,066		$	(13	)	$	5,091		$	(38	)
Nonaccrual loans		10,585			10,442			143			8,857			1,728
Total nonaccrual loans	$	15,638		$	15,508		$	130		$	13,948		$	1,690
Accruing loans past due 90 days		-			-			-			-			-
Total non-performing loans		15,638			15,508			130			13,948			1,690
Foreclosed real estate		444			444			-			474			(30	)
Troubled debt restructurings classified as performing loans		-			-			-			1,266			(1,266	)
Total non-performing assets	$	16,082		$	15,952		$	130		$	15,688		$	394
Asset quality ratios:
Allowance for credit losses as a percent of total gross loans		1.02	%		1.01	%		0.01	%		0.95	%		0.07	%
Allowance for credit losses as a percent of nonperforming loans		124.01	%		121.16	%		2.85	%		121.16	%		2.84	%
Nonperforming loans as a percent of total gross loans		0.82	%		0.83	%		(0.01	%)		0.78	%		0.04	%
Nonperforming assets as a percent of total assets		0.68	%		0.69	%		(0.01	%)		0.69	%		(0.01	%)

(1) The Company adopted ASU 2016-13 Topic 326 on October 1, 2023.  Allowance was determined using expected loss methodology (CECL) as of March 31, 2024 and December 31, 2024.  Allowance was determined using the previous incurred loss methodology as of September 30, 2023.

(2) See reconciliation of GAAP and non-GAAP financial measures for additional information relating to calculation of these figures.  

RECONCILIATION OF GAAP AND NON-GAAP FINANCIAL MEASURES (UNAUDITED):

The following non-GAAP financial measures used by the Company provide information useful to investors in understanding the Company's performance.  The Company believes the financial measures presented below are important because of their widespread use by investors as a means to evaluate capital adequacy and earnings.  The following table summarizes the non-GAAP financial measures derived from amounts reported in the Company's consolidated financial statements and reconciles those non-GAAP financial measures with the comparable GAAP financial measures.

	Three Months Ended				Fiscal Year Ended
Net Income	March 31,				March 31,
(In thousands)	2024		2023		2024		2023
Net income attributable to the Company (non-GAAP)	$	3,561	$	3,724	$	4,481	$	6,595
Plus: Decrease in loss contingency for SBA-guaranteed loans, net of tax effect		492		-		492		-
Plus: Adjustment to MSR valuation allowance related to sale, net of tax effect		583		-		583		-
Plus: Gain on sale of premises, net of tax effect		90		-		90		-
Plus: Adjustment to previous data processing contract termination accrual, net of tax effect		117		-		117		-
Plus: Distribution from equity investment, net of tax		85		-		85		-
Net income attributable to the Company (GAAP)	$	4,927	$	3,724	$	5,847	$	6,595

	Three Months Ended				Fiscal Year Ended
Net Income per Share, Diluted	March 31,				March 31,
	2024		2023		2024		2023
Net income per share, diluted (non-GAAP)	$	0.52	$	0.54	$	0.65	$	0.95
Plus: Decrease in loss contingency for SBA-guaranteed loans		0.07		-		0.07		-
Plus: Adjustment to MSR valuation allowance related to sale		0.08		-		0.08		-
Plus: Gain on sale of premises		0.01		-		0.01		-
Plus: Adjustment to previous data processing contract termination accrual		0.02		-		0.02		-
Plus: Distribution from equity investment		0.02		-		0.02		-
Net income per share, diluted (GAAP)	$	0.72	$	0.54	$	0.85	$	0.95

	Three Months Ended						Fiscal Year Ended
Efficiency Ratio	March 31,						March 31,
(In thousands)	2024			2023			2024			2023
Net interest income (GAAP)	$	14,338		$	14,912		$	28,451		$	31,173
Noninterest income (GAAP)		3,710			7,516			6,492			12,704
Noninterest expense (GAAP)		11,778			17,999			27,817			35,510
Efficiency ratio (GAAP)		65.26	%		80.25	%		79.61	%		80.93	%
Noninterest income (GAAP)		3,710			7,516			6,492			12,704
Less: Adjustment to MSR valuation allowance related to sale		(530	)		-			(530	)		-
Less: Gain on sale of premises		(120	)		-			(120	)		-
Less: Distribution from equity investment		(113	)		-			(113	)		-
Noninterest income (Non-GAAP)		2,947			7,516			5,729			12,704
Noninterest expense (GAAP)		11,778			17,999			27,817			35,510
Plus: Adjustment to MSR valuation allowance related to sale		247			-			247			-
Plus: Decrease in loss contingency for SBA-guaranteed loans		656			-			656			-
Plus: Adjustment to previous data processing contract termination accrual		156			-			156			-
Noninterest expense (non-GAAP)	$	12,837		$	17,999		$	28,876		$	35,510
Efficiency ratio (excluding nonrecurring items) (non-GAAP)		74.27	%		80.25	%		84.48	%		80.93	%

							QTD					FYTD
Tangible Book Value Per Share	March 31,			December 31,			Increase		September 30,			Increase
(In thousands, except share and per share data)	2024			2023			(Decrease)		2023			(Decrease)
Stockholders' equity, net of noncontrolling interests (GAAP)	$	165,056		$	164,523		$	533	$	150,981		$	14,075
Less:goodwill and core deposit intangibles		(10,327	)		(10,368	)		41		(10,409	)		82
Tangible equity (non-GAAP)	$	154,729		$	154,155		$	574	$	140,572			14,157
Outstanding common shares		6,883,160			6,883,160		$	-		6,867,121			16,039
Tangible book value per share (non-GAAP)	$	22.48		$	22.40		$	0.08	$	20.47		$	2.01
Book value per share (GAAP)	$	23.98		$	23.90		$	0.08	$	21.99		$	1.99

SUMMARIZED FINANCIAL INFORMATION (UNAUDITED):

	As of
Summarized Consolidated Balance Sheets	March 31,			December 31,			September 30,			June 30,			March 31,
(In thousands, except per share data)	2024			2023			2023			2023			2023
Total cash and cash equivalents	$	62,969		$	33,366		$	30,845		$	42,475		$	41,810
Total investment securities		240,142			246,801			229,039			249,788			336,317
Total loans held for sale		19,108			22,866			45,855			63,142			48,783
Total loans, net of allowance for credit losses		1,882,458			1,841,953			1,770,243			1,691,289			1,598,440
Loan servicing rights		3,028			3,711			62,819			64,139			65,045
Total assets		2,364,983			2,308,092			2,288,854			2,260,421			2,239,606
Customer deposits	$	1,239,271		$	1,180,951		$	1,243,475		$	1,245,534		$	1,206,154
Brokered deposits		548,175			502,895			438,319			414,231			336,728
Total deposits		1,787,446			1,683,846			1,681,794			1,659,765			1,542,882
Federal Home Loan Bank borrowings		315,000			356,699			363,183			345,000			437,795
Common stock and additional paid-in capital	$	27,475		$	27,397		$	27,064		$	27,518		$	27,443
Retained earnings - substantially restricted		167,648			163,753			166,306			168,015			166,652
Accumulated other comprehensive income (loss)		(17,144	)		(13,606	)		(29,587	)		(17,565	)		(14,199	)
Unearned stock compensation		(1,096	)		(1,194	)		(1,015	)		(1,113	)		(1,211	)
Less treasury stock, at cost		(11,827	)		(11,827	)		(11,787	)		(11,787	)		(11,787	)
Total stockholders' equity		165,056			164,523			150,981			165,068			166,898
Outstanding common shares		6,883,160			6,883,160			6,867,121			6,865,921			6,865,921

	Three Months Ended
Summarized Consolidated Statements of Income	March 31,		December 31,			September 30,			June 30,		March 31,
(In thousands, except per share data)	2024		2023			2023			2023		2023
Total interest income	$	30,016	$	28,655		$	28,137		$	26,798	$	24,811
Total interest expense		15,678		14,542			12,601			11,933		9,899
Net interest income		14,338		14,113			15,536			14,865		14,912
Provision for credit losses - loans		454		412			815			441		372
Provision for credit losses - securities		23		-			-			-		-
Net interest income after provision for credit losses		13,861		13,701			14,721			14,424		14,540
Total noninterest income		3,710		2,782			5,442			7,196		7,516
Total noninterest expense		11,778		16,039			21,647			18,965		17,999
Income (loss) before income taxes		5,793		444			(1,484	)		2,655		4,057
Income tax expense (benefit)		866		(476	)		(737	)		331		333
Net income (loss)	$	4,927	$	920		$	(747	)	$	2,324	$	3,724
Net income (loss) per share, basic	$	0.72	$	0.13		$	(0.11	)	$	0.34	$	0.54
Weighted average shares outstanding, basic		6,832,130		6,823,948			6,817,365			6,816,608		6,842,897
Net income (loss) per share, diluted	$	0.72	$	0.13		$	(0.11	)	$	0.34	$	0.54
Weighted average shares outstanding, diluted		6,859,611		6,839,704			6,837,919			6,819,748		6,881,496

SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):

	Three Months Ended
Noninterest Income Detail	March 31,		December 31,		September 30,			June 30,			March 31,
(In thousands)	2024		2023		2023			2023			2023
Service charges on deposit accounts	$	387	$	473	$	479		$	509		$	471
ATM and interchange fees		585		449		816			615			586
Net loss on sales of available for sale securities		-		-		(11	)		(540	)		-
Net unrealized gain on equity securities		6		38		11			11			21
Net gain on sales of loans, Small Business Administration		951		834		538			497			907
Mortgage banking income		53		89		3,018			4,668			4,149
Increase in cash surrender value of life insurance		333		329		311			279			266
Commission income		220		222		182			247			189
Real estate lease income		115		115		116			119			117
Net gain on premises and equipment		120		-		20			-			29
Gain from repurchase of subordinated debt		-		-		-			660			-
Other income		940		233		(38	)		131			781
Total noninterest income	$	3,710	$	2,782	$	5,442		$	7,196		$	7,516

	Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
Consolidated Performance Ratios (Annualized)	2024			2023			2023			2023			2023
Return on average assets		0.92	%		0.16	%		(0.13	%)		0.41	%		0.68	%
Return on average equity		13.06	%		2.42	%		(1.82	%)		5.60	%		9.15	%
Return on average common stockholders' equity		13.06	%		2.42	%		(1.82	%)		5.60	%		9.15	%
Net interest margin (tax equivalent basis)		2.66	%		2.69	%		3.03	%		2.94	%		3.06	%
Efficiency ratio		65.26	%		94.93	%		103.19	%		85.97	%		80.25	%

	As of or for the Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
Consolidated Asset Quality Ratios	2024			2023			2023			2023			2023
Nonperforming loans as a percentage of total loans		0.82	%		0.83	%		0.78	%		0.69	%		0.77	%
Nonperforming assets as a percentage of total assets		0.68	%		0.69	%		0.69	%		0.62	%		0.67	%
Allowance for credit losses as a percentage of total loans		1.02	%		1.01	%		0.95	%		0.99	%		1.02	%
Allowance for credit losses as a percentage of nonperforming loans		124.01	%		121.16	%		121.16	%		143.83	%		132.20	%
Net charge-offs to average outstanding loans		0.01	%		0.00	%		0.04	%		0.00	%		0.00	%

SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):

	Three Months Ended
Segmented Statements of Income Information	March 31,			December 31,			September 30,			June 30,			March 31,
(In thousands)	2024			2023			2023			2023			2023
Core Banking Segment:
Net interest income	$	13,469		$	13,113		$	14,167		$	13,407		$	13,632
Provision (credit) for credit losses - loans		650			(49	)		1,266			880			422
Provision for credit losses - securities		23			-			-			-			-
Net interest income after provision for credit losses		12,796			13,162			12,901			12,527			13,210
Noninterest income		2,537			1,679			2,136			1,965			1,733
Noninterest expense		10,093			10,252			13,559			11,010			10,651
Income before income taxes		5,240			4,589			1,478			3,482			4,292
Income tax expense		729			541			3			561			401
Net income	$	4,511		$	4,048		$	1,475		$	2,921		$	3,891
SBA Lending Segment (Q2 Business Capital, LLC):
Net interest income	$	869		$	1,003		$	990		$	1,098		$	1,093
Provision (credit) for credit losses - loans		(196	)		461			(451	)		(439	)		(50	)
Provision for credit losses - securities		-			-			-			-			-
Net interest income after provision for credit losses		1,065			542			1,441			1,537			1,143
Noninterest income		1,173			1,003			367			580			1,636
Noninterest expense		1,685			2,146			2,907			2,107			2,662
Income (loss) before income taxes		553			(601	)		(1,099	)		10			117
Income tax expense (benefit)		137			(131	)		(273	)		(21	)		20
Net income (loss)	$	416		$	(470	)	$	(826	)	$	31		$	97
Mortgage Banking Segment: (3)
Net interest income (loss)	$	-			(3	)	$	379		$	360		$	187
Provision for credit losses - loans		-			-			-			-			-
Provision for credit losses - securities		-			-			-			-			-
Net interest income (loss) after provision for credit losses		-			(3	)		379			360			187
Noninterest income		-			100			2,939			4,651			4,147
Noninterest expense		-			3,641			5,181			5,848			4,686
Loss before income taxes		-			(3,544	)		(1,863	)		(837	)		(352	)
Income tax benefit		-			(886	)		(467	)		(209	)		(88	)
Net loss	$	-		$	(2,658	)	$	(1,396	)	$	(628	)	$	(264	)

(3) National mortgage banking operations were ceased in the quarter ended December 31, 2023 and subsequent immaterial mortgage lending activity is reported within the Core Banking segment.

SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):

	Three Months Ended
Segmented Statements of Income Information	March 31,			December 31,			September 30,			June 30,			March 31,
(In thousands, except percentage data)	2024			2023			2023			2023			2023
Net Income (Loss) Per Share by Segment
Net income per share, basic - Core Banking	$	0.66		$	0.59		$	0.22		$	0.43		$	0.57
Net income (loss) per share, basic - SBA Lending (Q2 Business Capital, LLC)		0.06			(0.07	)		(0.12	)		-			0.01
Net income (loss) per share, basic - Mortgage Banking		0.00			(0.40	)		(0.21	)		(0.09	)		(0.04	)
Total net income (loss) per share, basic	$	0.72		$	0.12		$	(0.11	)	$	0.34		$	0.54
Net Income (Loss) Per Diluted Share by Segment
Net income per share, diluted - Core Banking	$	0.66		$	0.59		$	0.22		$	0.43		$	0.57
Net income (loss) per share, diluted - SBA Lending (Q2 Business Capital, LLC)		0.06			(0.07	)		(0.12	)		-			0.01
Net loss per share, diluted - Mortgage Banking		0.00			(0.40	)		(0.21	)		(0.09	)		(0.04	)
Total net income (loss) per share, diluted	$	0.72		$	0.12		$	(0.11	)	$	0.34		$	0.54
Return on Average Assets by Segment (annualized) (4)
Core Banking		0.80	%		0.73	%		0.28	%		0.61	%		0.85	%
SBA Lending		1.81	%		(2.11	%)		(3.81	%)		0.15	%		0.42	%
Efficiency Ratio by Segment (annualized) (4)
Core Banking		63.06	%		69.31	%		83.17	%		71.62	%		69.32	%
SBA Lending		82.52	%		106.98	%		214.22	%		125.57	%		97.54	%
	Three Months Ended
Noninterest Expense Detail by Segment	March 31,			December 31,			September 30,			June 30,			March 31,
(In thousands)	2024			2023			2023			2023			2023
Core Banking Segment:
Compensation	$	5,656		$	5,691		$	6,528		$	4,978		$	5,578
Occupancy		1,615			1,481			1,418			1,738			1,401
Advertising		205			189			404			334			298
Other		2,617			2,891			5,209			3,960			3,374
Total Noninterest Expense	$	10,093		$	10,252		$	13,559		$	11,010		$	10,651
SBA Lending Segment (Q2 Business Capital, LLC):
Compensation	$	1,933		$	1,826		$	1,533		$	1,803		$	1,800
Occupancy		58			91			68			70			70
Advertising		7			10			10			11			8
Other		(313	)		219			1,296			223			784
Total Noninterest Expense	$	1,685		$	2,146		$	2,907		$	2,107		$	2,662
Mortgage Banking Segment: (3) (5)
Compensation	$	-		$	2,146		$	3,647		$	4,357		$	3,029
Occupancy		-			469			395			469			449
Advertising		-			119			129			191			213
Other		-			907			1,010			831			995
Total Noninterest Expense	$	-		$	3,641		$	5,181		$	5,848		$	4,686

(4) Ratios for Mortgage Banking Segment are not considered meaningful due to cessation of national mortgage banking operations in the quarter ended December 31, 2023.

(5) Compensation includes increases for the Core Banking segment and corresponding decreases  for the Mortgage Banking segment that represent intersegment allocations for loans originated  by the Mortgage Banking segment to be held for investment in the Core Banking loan portfolio of: $ - $ 1,403 $ 1,516 $ 1,440 $ 1,328

SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):  

	Three Months Ended
SBA Lending (Q2 Business Capital, LLC) Data	March 31,			December 31,			September 30,			June 30,			March 31,
(In thousands, except percentage data)	2024			2023			2023			2023			2023
Final funded loans guaranteed portion sold, SBA	$	15,144		$	14,098		$	8,431		$	7,721		$	15,337
Gross gain on sales of loans, SBA	$	1,443		$	1,303		$	809		$	780		$	1,293
Weighted average gross gain on sales of loans, SBA		9.53	%		9.24	%		9.60	%		10.10	%		8.43	%
Net gain on sales of loans, SBA (6)	$	951		$	834		$	538		$	497		$	907
Weighted average net gain on sales of loans, SBA		6.28	%		5.92	%		6.38	%		6.44	%		5.91	%

 (6) Inclusive of gains on servicing assets and net of commissions, referral fees, SBA repair fees and discounts on unguaranteed portions held-for-investment.

SUMMARIZED FINANCIAL INFORMATION (UNAUDITED) (CONTINUED):

	Three Months Ended
Summarized Consolidated Average Balance Sheets	March 31,			December 31,			September 30,			June 30,			March 31,
(In thousands)	2024			2023			2023			2023			2023
Interest-earning assets
Average balances:
Interest-bearing deposits with banks	$	24,587		$	20,350		$	21,631		$	20,661		$	27,649
Loans		1,914,609			1,857,654			1,796,749			1,719,733			1,621,147
Investment securities - taxable		102,699			103,728			105,393			109,319			110,373
Investment securities - nontaxable		157,960			159,907			160,829			234,118			242,530
FRB and FHLB stock		24,986			24,968			24,939			24,509			23,289
Total interest-earning assets	$	2,224,841		$	2,166,607		$	2,109,541		$	2,108,340		$	2,024,988
Interest income (tax equivalent basis):
Interest-bearing deposits with banks	$	261		$	249		$	266		$	267		$	192
Loans		27,133			26,155			25,214			23,279			21,339
Investment securities - taxable		923			942			969			984			957
Investment securities - nontaxable		1,662			1,687			1,695			2,456			2,533
FRB and FHLB stock		499			74			428			423			364
Total interest income (tax equivalent basis)	$	30,478		$	29,107		$	28,572		$	27,409		$	25,385
Weighted average yield (tax equivalent basis, annualized):
Interest-bearing deposits with banks		4.25	%		4.89	%		4.92	%		5.17	%		2.78	%
Loans		5.67	%		5.63	%		5.61	%		5.41	%		5.27	%
Investment securities - taxable		3.59	%		3.63	%		3.68	%		3.60	%		3.47	%
Investment securities - nontaxable		4.21	%		4.22	%		4.22	%		4.20	%		4.18	%
FRB and FHLB stock		7.99	%		1.19	%		6.86	%		6.90	%		6.25	%
Total interest-earning assets		5.48	%		5.37	%		5.42	%		5.20	%		5.01	%
Interest-bearing liabilities
Interest-bearing deposits	$	1,549,012		$	1,389,384		$	1,385,994		$	1,278,776		$	1,251,080
Fed funds purchased		-			-			76			11			-
Federal Home Loan Bank borrowings		333,275			440,786			353,890			434,182			374,593
Subordinated debt and other borrowings		48,497			48,458			48,406			49,339			50,293
Total interest-bearing liabilities	$	1,930,784		$	1,878,628		$	1,788,366		$	1,762,308		$	1,675,966
Interest expense:
Interest-bearing deposits	$	12,546		$	9,989		$	9,457		$	7,791		$	6,265
Fed funds purchased		-			-			1			-			-
Federal Home Loan Bank borrowings		2,298			3,769			2,459			3,446			2,915
Subordinated debt and other borrowings		833			784			684			696			719
Total interest expense	$	15,677		$	14,542		$	12,601		$	11,933		$	9,899
Weighted average cost (annualized):
Interest-bearing deposits		3.24	%		2.88	%		2.73	%		2.44	%		2.00	%
Fed funds purchased		0.00	%		0.00	%		5.26	%		0.00	%		0.00	%
Federal Home Loan Bank borrowings		2.76	%		3.42	%		2.78	%		3.17	%		3.11	%
Subordinated debt and other borrowings		6.87	%		6.47	%		5.65	%		5.64	%		5.72	%
Total interest-bearing liabilities		3.25	%		3.10	%		2.82	%		2.71	%		2.36	%
Net interest income (taxable equivalent basis)	$	14,801		$	14,565		$	15,971		$	15,476		$	15,486
Less: taxable equivalent adjustment		(463	)		(452	)		(435	)		(611	)		(574	)
Net interest income	$	14,338		$	14,113		$	15,536		$	14,865		$	14,912
Interest rate spread (tax equivalent basis, annualized)		2.23	%		2.27	%		2.60	%		2.49	%		2.65	%
Net interest margin (tax equivalent basis, annualized)		2.66	%		2.69	%		3.03	%		2.94	%		3.06	%