Core Insights - Mission Valley Bancorp reported a net income of $2.1 million, or $0.62 per diluted share, for Q3 2025, an increase from $1.4 million, or $0.42 per diluted share, in Q3 2024 [1][2] - For the nine months ending September 30, 2025, net income was $4.9 million, or $1.45 per diluted share, compared to $5.1 million, or $1.53 per diluted share, for the same period in 2024 [1] Financial Performance - Net Interest Income for Q3 2025 was $7.8 million, up by $0.9 million, or 13.04%, from Q3 2024 [7] - Net Interest Margin improved to 4.54% in Q3 2025 from 4.49% in Q3 2024 [7] - Non-Interest Income rose to $2.8 million, an increase of $0.7 million, or 33.33%, compared to Q3 2024 [7] - The company sold $17.9 million in Small Business Administration (SBA) loans, resulting in a gain of $0.9 million, compared to $9.0 million in SBA loans sold and a gain of $0.5 million in Q3 2024 [7] Balance Sheet Highlights - Total Assets reached $715.0 million as of September 30, 2025, an increase of $37.7 million, or 5.57%, from December 31, 2024 [7] - Gross Loans amounted to $577.8 million, up by $30.8 million, or 5.63%, compared to December 31, 2024 [7] - Total Deposits were $564.3 million, an increase of $13.0 million, or 2.36%, from December 31, 2024 [7] - Brokered Deposits decreased to $11.0 million, down by $48.9 million, or 81.64%, compared to December 31, 2024 [7] Asset Quality - The company reported $60 thousand in net recoveries from previously charged-off loans in Q3 2025, compared to $0.1 million in net charge-offs in Q3 2024 [7] - Past Due Loans increased to $8.6 million as of September 30, 2025, compared to $5.3 million as of December 31, 2024 [7] - Classified Loans decreased to $25.4 million as of September 30, 2025, from $26.4 million as of December 31, 2024 [7] - Non-Accrual Loans decreased to $8.9 million as of September 30, 2025, from $10.2 million as of December 31, 2024 [7] Capital and Liquidity - The Allowance for Credit Losses was $8.5 million, or 1.47% of Gross Loans, as of September 30, 2025, compared to $8.1 million, or 1.48% of Gross Loans, as of December 31, 2024 [7] - The capital position is strong, with a Common Equity Tier 1 Capital Ratio of 10.47%, Tier 1 Capital Ratio of 11.41%, Total Risk-Based Capital Ratio of 12.66%, and Leverage Ratio of 10.08% [7] - Available borrowing capacity was $194.9 million as of September 30, 2025, a decrease of $13.8 million, or 6.61%, compared to December 31, 2024 [7] - Unpledged available-for-sale investment securities totaled $45.6 million as of September 30, 2025 [7] Strategic Developments - The opening of Mission Valley Bank's fourth full-service branch in Arcadia on September 8, 2025, is seen as a strategic fit for geographic expansion, driven by existing customers and strong deposit growth opportunities [2]

Core Viewpoint - PCB Bancorp reported strong growth and profitability in Q2 2025, with earnings per share of $0.62, exceeding analyst estimates, despite some emerging credit quality concerns in consumer lending [1][2]. Financial Performance - Earnings per share (EPS) for Q2 2025 was $0.62, beating the estimate of $0.56 and showing a year-over-year increase of 44.2% from $0.43 in Q2 2024 [2]. - Net interest income was reported at $26.0 million, below the consensus estimate of $28.63 million, but up 19.6% from $21.7 million in Q2 2024 [2]. - Net income available to common shareholders reached $9.0 million, a 46.3% increase from $6.1 million in the same quarter last year [2]. - The efficiency ratio improved to 50.6%, down from 62.7% a year earlier, indicating better cost management [2]. Lending and Deposit Growth - Loans held-for-investment increased to $2.80 billion, a 14.1% rise year-over-year, with commercial real estate loans comprising 66.7% of total loans [5]. - Commercial real estate loans grew by 15.6% year-over-year, while commercial and industrial loans rose by 18.1% [5]. - Total deposits reached $2.82 billion, reflecting a 17.3% increase from the previous year, although the proportion of noninterest-bearing deposits decreased to 20.4% [7]. Fee Income and Efficiency - The bank achieved notable fee income from SBA loan sales, totaling $26.9 million, nearly double the previous year's amount, with gains of $1.5 million, a 92% increase year-over-year [6]. - The net interest margin improved compared to the previous year, contributing to overall earnings growth [6]. Credit Quality Concerns - The allowance for credit losses rose to 1.20% of loans, with non-performing loans increasing to $8.9 million, or 0.32% of loans held-for-investment [8]. - There was a significant increase in nonaccrual residential mortgages, up 402.4% year-over-year, and classified assets nearly doubled compared to the previous quarter [8]. Management Outlook - Management expressed optimism about continued organic growth, emphasizing loan and deposit momentum, a solid liquidity position, and strong capital ratios [9]. - No numeric forward guidance was provided for the remainder of fiscal 2025, but external risks such as inflation and trade uncertainty were acknowledged [9].

Core Viewpoint - Oak Ridge Financial Services, Inc. reported a strong financial performance for the first quarter of 2025, highlighted by a 17% increase in its quarterly cash dividend to $0.14 per share, reflecting the company's commitment to enhancing shareholder value [1][3][6]. Financial Performance - Earnings per share increased to $0.57, up from $0.56 in the previous quarter and $0.50 in the same quarter last year [4]. - Net income for the quarter was $1.6 million, an increase from $1.5 million in the fourth quarter of 2024 and $1.4 million in the first quarter of 2024 [4]. - The return on equity improved to 10.04%, compared to 9.63% in the prior quarter and 9.31% in the first quarter of 2024 [4][17]. Asset Quality - Nonperforming assets increased to $4.6 million, representing 0.67% of total assets, up from 0.44% in the previous quarter and 0.07% in the first quarter of 2024 [4][7]. - The increase in nonperforming assets was primarily due to eight Small Business Administration (SBA) loans moving to nonaccrual status [7]. Loan and Deposit Growth - Loans receivable reached $528.5 million, reflecting an annualized growth of 11.7% from the previous quarter and 10.7% year-over-year [4]. - Total deposits amounted to $542.5 million, representing an annualized growth of 8.6% from the prior quarter and a 9.2% increase from the first quarter of 2024 [4]. Interest Margin and Efficiency - The net interest margin improved to 3.97%, up from 3.92% in the previous quarter and 3.79% in the first quarter of 2024 [4][17]. - The efficiency ratio was reported at 66.8%, compared to 64.6% in the prior quarter and 68.3% in the first quarter of 2024 [4][17]. Dividends and Shareholder Value - The company declared a quarterly cash dividend of $0.14 per share, an increase of $0.02 from the previous quarter and the same quarter last year [6]. - The dividend will be paid on June 9, 2025, to stockholders of record as of May 23, 2025 [6]. Capital and Liquidity - The capital and liquidity positions of the company remain robust, with a Community Bank Leverage Ratio (CBLR) of 11.1%, indicating a well-capitalized status [4]. - Total stockholders' equity increased to $64.3 million, up 8.6% from the previous quarter and 8.0% year-over-year [4]. Noninterest Income and Expenses - Noninterest income decreased to $784,000 from $918,000 in the same period last year, primarily due to a lack of income from Small Business Investment Company (SBIC) investments [8]. - Noninterest expenses rose to $4.7 million, up from $4.3 million in the first quarter of 2024, driven by increases in salaries and employee benefits [9].