Chino Commercial Bancorp Reports 22% Increase In Net Earnings

Core Insights - Chino Commercial Bancorp reported a net earnings increase of 21.57% for Q3 2025, totaling $1.54 million compared to the same period last year [2] - The company achieved record levels in total deposits, total loans, revenue, earnings, and earnings per share during the third quarter [3] - The bank opened its fifth location in Corona, generating $20 million in new deposits shortly after its launch [4] Financial Performance - Year-to-date net earnings increased by 18.45% to $4.43 million, with earnings per share rising to $1.38 from $1.17 in the previous year [2] - Net interest income for Q3 2025 was $4.0 million, up from $3.4 million in Q3 2024, with a net interest margin of 3.79% compared to 3.08% in the prior year [6] - Non-interest income rose by 12.44% to $891.7 thousand, driven by higher service charges and fees, as well as a significant increase in merchant services processing revenue [7] Asset and Deposit Growth - Total assets reached $488.9 million, an increase of 4.8% from $466.7 million at the end of 2024 [4] - Total deposits rose by 10.7% to $386.0 million, with core deposits making up 97.09% of total deposits as of September 30, 2025 [4][12] - Gross loans increased by 2.7% to $210.8 million, with no delinquent loans reported at quarter-end [5] Expense and Taxation - General and administrative expenses totaled $2.8 million, up from $2.5 million in the same quarter last year, primarily due to increased salary and benefits [8] - Income tax expense for the quarter was $614.1 thousand, reflecting a 22.9% increase compared to the previous year [9] Financial Ratios - The annualized return on average equity improved to 13.32% from 12.39% year-over-year [13] - The core efficiency ratio decreased to 55.95% from 58.44%, indicating improved operational efficiency [14] - Non-performing loans as a percentage of total loans decreased to 0.39% from 0.60%, reflecting strong loan quality [14]