EXTON, Pa., Jan. 24, 2025 /PRNewswire/ -- First Resource Bancorp, Inc. (OTCQX: FRSB), the holding company for First Resource Bank, announced financial results for the three months and year ended December 31, 2024. Lauren C. Ranalli, President and CEO, stated, "Despite the challenges faced by the banking industry in 2024, I am happy to report that First Resource Bancorp's core banking business had an outstanding year. Our net interest margin consistently improved, positioning us for a successful 2025. Although we encountered a single borrower with financial difficulty in the fourth quarter, we proactively reserved for potential losses. While this isolated incident did impact our annual results, we do not see any systemic credit issues in the portfolio. Without this one specific loan reserve, we were on track to surpass our annual budgeted goals for net income and return on equity."