伊格尔合众银行 2025年季度报告

commercial bank, is the Parent's principal subsidiary. The accounting and reporting policies of the Company conform to generally accepted accounting principles in the United States ofAmerica ("GAAP") and to general practices in the banking industry. The Consolidated Financial Statements and accompanying notes of the Company included herein are unaudited. The Consolidated Financial Statements reflect all adjustments, consisting of normal recurringadjustments, that in the opinion of management are necessary to present fairly the results for the periods presented. Certain information andnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to therules and regulations of the Securities and Exchange Commission ("SEC"). In addition to the accounting policies described below, the conjunction with the audited Consolidated Financial Statements and related notes included in the Company's Annual Report on Form 10-K forthe year ended December31, 2024.Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affectthe reported amounts in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates and such differences could be material to the consolidated financial statements. The allowance for credit losses ("ACL") is a material estimate that isparticularly susceptible to significant variance in the near-term.Investment Securities The Company recognizes acquired securities on the trade date. Investment securities comprise debt securities, which are classifieddepending on the Company's intent and ability to hold the securities to maturity. Debt securities are classified as available-for-sale ("AFS")when management may have the intent to sell them prior to maturity. Debt securities are classified as held-to-maturity ("HTM") and carried atamortized cost when management has the positive intent and ability to hold them to maturity.AFS Securities are acquired as part of the Company’s asset/liability management strategy and may be sold in response to changes ininterest rates, current market conditions, loan demand, changes in prepayment risk and other factors. AFS securities are carried at fair value,with unrealized gains or losses, other than impairment losses, being reported as accumulated other comprehensive income (loss), a separate reported in accumulated other comprehensive income (loss) at the date of transfer. The unrealized holding gain or loss at the date of transfer isretained in other comprehensive income (loss) and in the carrying value of the HTM securities. Such amounts are amortized over the remaininglife of the security.The Company does not intend to sell the HTM investments, and it is more likely than not that the Company will not have to sell the The Company classifies loans in its portfolio as either held for investment (“HFI”), when management has the intent and ability tohold the loans for the foreseeable future or until maturity or payoff, or held for sale (“HFS”). HFS loans are reported at the lower of cost or fairvalue on the Consolidated Balance Sheets. HFI loans are stated at the principal amount outstanding, net of unamortized deferred costs and fees.Interest income on loans is recognized at the contractual rate on the principal amounts outstanding. It is the Company’s policy to discontinue Past due loans are placed on nonaccrual status when the contractual payment of principal or interest has become 90 days past due orthere is a clear indication that the borrower's cash flow may not be sufficient to meet payments as they become due, even when the loan iscurrently performing. A loan may remain on accrual status if it is in the process of collection and is well secured. When a loan is placed on able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. Allowance for Credit LossesThe following table presents a breakdown of the current provision for credit losses included in our Consolidated Statements ofOperations for the applicable periods: Provision for (reversal of) credit losses - loans$26,309$ Total Provision for credit losses Allowance for Credit Losses - LoansThe ACL - Loans is an estimate of the expected credit losses in the HFI loans portfolio. The Company's ACL on its loan portfolio isdeducted from the amortized cost basis of loans to present the net amount expected to be collected on the loans. Loans, or portions thereof, arecharged off against the allowance when they are deemed uncollectible. Expected recoveries are recorded to the extent they do not exceed theaggregate of amounts previously charged-off and expected to be charged-off. deemed appropriate are assigned a reserve based on an individual evaluation. The remainder of the portfolio, representing all loans notevaluated individually for impairment, is pooled into p