Core Viewpoint - Gouverneur Bancorp, Inc. reported a significant increase in net income for the first quarter of fiscal year 2026, reflecting improved operational performance and growth in key financial metrics [2][15]. Financial Performance - The company reported net income of $287,000, or $0.28 per share, for the quarter ended December 31, 2025, compared to $160,000, or $0.15 per share, for the same period in 2024, marking an increase of 79.38% in net income [2][15]. - Total interest income increased by $74,000, or 3.42%, for the quarter ended December 31, 2025, driven by a $133,000 increase in loan income, which rose by 7.86% [7][15]. - Non-interest income rose by $101,000, from $244,000 in Q4 2024 to $345,000 in Q4 2025, primarily due to a gain from bank-owned life insurance [11][15]. Asset and Liability Management - Total assets increased by $3.4 million, or 1.69%, from $198.5 million at September 30, 2025, to $201.9 million at December 31, 2025 [4][16]. - Deposits increased by $3.7 million, or 2.42%, to $158.5 million at December 31, 2025, attributed to seasonal activity from commercial and municipal deposit relationships [5][16]. - Shareholders' equity rose to $32.6 million, a 1.61% increase from $32.1 million at September 30, 2025, supported by net income and an increase in the market value of the securities portfolio [6][16]. Expense Management - Total interest expense increased by $10,000, or 2.49%, from $401,000 in Q4 2024 to $411,000 in Q4 2025, with a notable decrease in interest expense on deposits [8][9][15]. - Non-interest expenses increased by $19,000, from $1.8 million in Q4 2024 to $1.9 million in Q4 2025, driven by higher salaries and employee benefits [12][15]. Key Ratios - The net interest margin improved to 4.06% for the quarter ended December 31, 2025, compared to 3.99% for the same quarter in 2024, reflecting enhanced net interest income [10][15]. - The annualized return on average assets was 0.57% and the annualized return on average equity was 3.51% for the quarter ended December 31, 2025, indicating improved profitability metrics [15].