Net income for 2025 was $796,000 ($0.02 diluted EPS), a sharp decrease from $29.9 million ($0.72 diluted EPS) in 2024. This decline was primarily due to a $41.0 million non-cash, non-tax deductible goodwill impairment charge recorded in the fourth quarter of 2025. Net interest income increased by $22.9 million (20.0%) to $137.4 million in 2025, driven by higher yields on loans and mortgage-backed securities and lower interest-bearing liability costs. Total assets grew by $87.6 million (1.5%) to $5.75 billion at December 31, 2025, with available-for-sale debt securities increasing by $311.6 million (28.3%). Loans held-for-investment, net, decreased by $165.5 million (4.1%) to $3.86 billion, mainly due to a strategic reduction in multifamily real estate loans. Total liabilities increased by $102.3 million (2.1%) to $5.06 billion, as a $234.0 million increase in borrowings offset a $122.7 million decrease in deposits. Brokered deposits significantly decreased by $222.9 million (84.6%) to $40.5 million at December 31, 2025. Stockholders' equity decreased by $14.6 million to $690.1 million, influenced by $15.0 million in stock repurchases and $21.2 million in dividend payments, partially offset by a $16.1 million decrease in accumulated other comprehensive loss. The provision for credit losses increased by $3.1 million to $7.4 million, reflecting a worsening macroeconomic forecast in the CECL model, higher reserves for downgraded loans, and higher qualitative reserves in the multifamily portfolio. Non-performing loans decreased to $16.1 million (0.42% of total loans) in 2025 from $20.3 million (0.51%) in 2024. A merger with Columbia Financial, Inc. is expected to close in early Q3 2026, with shareholders having the option to receive shares of Holding Company common stock or cash, based on Columbia Financial's appraised pro forma market value.