Chino Commercial Bancorp Reports 22% Increase In Net Earnings
Rhea-AI Summary
Chino Commercial Bancorp (OTC: CCBC) reported third-quarter 2025 results for the period ended September 30, 2025. Net earnings were $1.54 million, up 21.57% versus Q3 2024, and year-to-date net earnings rose 18.45% to $4.43 million. Basic and diluted EPS were $0.48 for Q3 2025 and $1.38 YTD.
Key balance-sheet items: total assets $488.9M (+4.8% from Dec 31, 2024), total deposits $386.0M (+10.7%), gross loans $210.8M. Net interest income Q3 2025 was $4.03M and net interest margin was 3.79%. Loan quality strengthened with non-performing loans down to $827k and no delinquent loans at quarter-end. The Bank opened a fifth branch in Corona that generated $20M of new deposits in Q3.
Positive
- Net earnings Q3 2025 +21.57% to $1.54M
- YTD net earnings +18.45% to $4.43M
- Total deposits +10.7% to $386.0M
- Net interest income Q3 2025 +17.6% to $4.03M
- New Corona branch generated $20M in deposits during Q3
- Non-performing loans down ~32.7% to $827,155
Negative
- Noninterest expense Q3 2025 +11.8% to $2.75M
- Income tax expense Q3 2025 +22.9% to $614.1k
CHINO, Calif., Oct. 17, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the third quarter ended September 30, 2025.
Net earnings for the third quarter of 2025 were
Dann H. Bowman, President and Chief Executive Officer, stated, “The Bank’s performance in the third quarter exceeded expectations, posting new record levels for total Deposits, total Loans, Revenue, Earnings and Earnings Per Share. We are also pleased to report that loan quality remains very strong, with the Bank having no delinquent loans at quarter-end, no pending foreclosures, and no OREO.
We are also proud to announce the opening of the Bank’s fifth location in Corona during the third quarter. The early performance of the new branch is very strong, with the location generating
The Bank’s Merchant Services program also continues to deliver reliable credit card processing services for its customers, with significant savings and improved cash-flow options.”
Financial Condition
As of September 30, 2025, total assets reached
Gross loans increased by
Earnings
The Company reported net interest income of
Non-interest income totaled
General and administrative expenses totaled
Income tax expense for the quarter was
Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties, including but not limited to, the health of the national and California economies, the Company’s ability to attract and retain skilled employees, customers’ service expectations, the Company’s ability to successfully deploy new technology and gain efficiencies therefrom, and changes in interest rates, loan portfolio performance, and other factors.
| Consolidated Statements of Financial Condition | ||||||
| As of 9/30/2025 | ||||||
| Sep-2025 Ending Balance | Dec-2024 Ending Balance | |||||
| Assets | ||||||
| Cash and due from banks | $ | 59,780,405 | $ | 45,256,619 | ||
| Cash and cash equivalents | $ | 59,780,405 | $ | 45,256,619 | ||
| Fed Funds Sold | $ | 19,011 | $ | 31,029 | ||
| Investment securities available for sale, net of zero | ||||||
| allowance for credit losses | $ | 6,377,096 | $ | 6,558,341 | ||
| Investment securities held to maturity , net of zero | ||||||
| allowance for credit losses | $ | 191,649,332 | $ | 190,701,756 | ||
| Total Investments | $ | 198,026,428 | $ | 197,260,097 | ||
| Gross loans held for investments | $ | 210,758,905 | $ | 205,235,497 | ||
| Deferred loan fees, net | $ | (462,854 | ) | $ | (504,564 | ) |
| Allowance for Loan Losses | $ | (4,646,798 | ) | $ | (4,623,740 | ) |
| Net Loans | $ | 205,649,253 | $ | 200,107,193 | ||
| Stock investments, restricted, at cost | $ | 3,662,000 | $ | 3,576,000 | ||
| Fixed assets, net | $ | 8,089,888 | $ | 7,255,785 | ||
| Accrued Interest Receivable | $ | 1,575,248 | $ | 1,539,505 | ||
| Bank Owned Life Insurance | $ | 8,663,792 | $ | 8,482,043 | ||
| Other Assets | $ | 3,452,044 | $ | 3,170,159 | ||
| Total Assets | $ | 488,918,070 | $ | 466,678,432 | ||
| Liabilities | ||||||
| Deposits | ||||||
| Noninterest-bearing | $ | 185,245,278 | $ | 166,668,725 | ||
| Interest-bearing | $ | 200,800,711 | $ | 182,200,703 | ||
| Total Deposits | $ | 386,045,989 | $ | 348,869,428 | ||
| Federal Home Loan Bank advances | $ | 10,000,000 | $ | 0 | ||
| Federal Reserve Bank borrowings | $ | 30,000,000 | $ | 60,000,000 | ||
| Subordinated debt | $ | 10,000,000 | $ | 10,000,000 | ||
| Subordinated notes payable to subsidiary trust | $ | 3,093,000 | $ | 3,093,000 | ||
| Accrued interest payable | $ | 426,691 | $ | 132,812 | ||
| Other Liabilities | $ | 2,188,745 | $ | 1,877,996 | ||
| Total Liabilities | $ | 441,754,425 | $ | 423,973,236 | ||
| Shareholder Equity | ||||||
| Common Stock ** | $ | 10,502,558 | $ | 10,502,558 | ||
| Retained Earnings | $ | 38,494,553 | $ | 34,059,943 | ||
| Unrealized Gain (Loss) AFS Securities | $ | (1,833,467 | ) | $ | (1,857,305 | ) |
| Total Shareholders' Equity | $ | 47,163,644 | $ | 42,705,196 | ||
| Total Liab & Shareholders' Equity | $ | 488,918,070 | $ | 466,678,432 | ||
| ** Common stock, no par value, 10,000,000 shares authorized and 3,211,970 shares issued and outstanding at 9/30/2025 and 12/31/2024 | ||||||
| Consolidated Statements of Net Income | ||||||||||||
| As of 9/30/2025 | ||||||||||||
| Sep-2025 QTD Balance | Sep-2024 QTD Balance | Sep-2025 YTD Balance | Sep-2024 YTD Balance | |||||||||
| Interest Income | ||||||||||||
| Interest & Fees On Loans | $ | 3,595,456 | $ | 3,035,928 | $ | 10,291,022 | $ | 8,564,927 | ||||
| Interest on Investment Securities | $ | 1,784,291 | $ | 1,843,696 | $ | 5,264,055 | $ | 5,725,365 | ||||
| Other Interest Income | $ | 247,797 | $ | 661,305 | $ | 680,824 | $ | 2,181,584 | ||||
| Total Interest Income | $ | 5,627,544 | $ | 5,540,929 | $ | 16,235,901 | $ | 16,471,876 | ||||
| Interest Expense | ||||||||||||
| Interest on Deposits | $ | 1,306,719 | $ | 1,168,014 | $ | 3,752,445 | $ | 3,255,683 | ||||
| Interest on Borrowings | $ | 289,488 | $ | 945,921 | $ | 1,032,636 | $ | 3,256,138 | ||||
| Total Interest Expense | $ | 1,596,207 | $ | 2,113,935 | $ | 4,785,081 | $ | 6,511,821 | ||||
| Net Interest Income | $ | 4,031,337 | $ | 3,426,994 | $ | 11,450,820 | $ | 9,960,055 | ||||
| Provision For Loan Losses | $ | 12,338 | $ | (14,173 | ) | $ | 20,420 | $ | (15,312 | ) | ||
| Net Interest Income After Provision for Loan Losses | $ | 4,018,999 | $ | 3,441,167 | $ | 11,430,400 | $ | 9,975,367 | ||||
| Noninterest Income | ||||||||||||
| Service Charges and Fees on Deposit Accounts | $ | 464,731 | $ | 445,176 | $ | 1,498,290 | $ | 1,345,691 | ||||
| Interchange Fees | $ | 111,218 | $ | 113,647 | $ | 328,169 | $ | 308,680 | ||||
| Earnings from Bank-Owned Life Insurance | $ | 63,103 | $ | 59,599 | $ | 181,749 | $ | 174,474 | ||||
| Merchant Services Processing | $ | 205,396 | $ | 129,184 | $ | 525,442 | $ | 410,722 | ||||
| Other Miscellaneous Income | $ | 47,295 | $ | 45,488 | $ | 225,110 | $ | 149,010 | ||||
| Total Noninterest Income | $ | 891,743 | $ | 793,094 | $ | 2,758,760 | $ | 2,388,577 | ||||
| Noninterest Expense | ||||||||||||
| Salaries and Employee Benefits | $ | 1,585,182 | $ | 1,521,825 | $ | 4,805,947 | $ | 4,444,120 | ||||
| Occupancy and Equipment | $ | 223,345 | $ | 182,813 | $ | 624,704 | $ | 515,286 | ||||
| Merchant Services Processing | $ | 86,326 | $ | 77,452 | $ | 232,919 | $ | 222,055 | ||||
| Other Expenses | $ | 859,723 | $ | 684,102 | $ | 2,326,176 | $ | 1,964,230 | ||||
| Total Noninterest Expense | $ | 2,754,576 | $ | 2,466,192 | $ | 7,989,746 | $ | 7,145,691 | ||||
| Income Before Income Tax Expense | $ | 2,156,164 | $ | 1,768,070 | $ | 6,199,415 | $ | 5,218,253 | ||||
| Provision For Income Tax | $ | 614,055 | $ | 499,565 | $ | 1,764,805 | $ | 1,474,323 | ||||
| Net Income | $ | 1,542,109 | $ | 1,268,505 | $ | 4,434,610 | $ | 3,743,930 | ||||
| Basic earnings per share | $ | 0.48 | $ | 0.39 | $ | 1.38 | $ | 1.17 | ||||
| Diluted earnings per share | $ | 0.48 | $ | 0.39 | $ | 1.38 | $ | 1.17 | ||||
| Financial Highlights | ||||||||||||
| As of 9/30/2025 | ||||||||||||
| Sep-2025 QTD | Sep-2024 QTD | Sep-2025 YTD | Sep-2024 YTD | |||||||||
| Key Financial Ratios | ||||||||||||
| Annualized Return on Average Equity | 13.32 | % | 12.39 | % | 13.32 | % | 12.69 | % | ||||
| Annualized Return on Average Assets | 1.36 | % | 1.08 | % | 1.34 | % | 1.06 | % | ||||
| Net Interest Margin | 3.79 | % | 3.08 | % | 3.66 | % | 2.96 | % | ||||
| Core Efficiency Ratio | 55.95 | % | 58.44 | % | 56.23 | % | 57.87 | % | ||||
| Net Chargeoffs/Recoveries to Average Loans | -0.00 | % | 0.00 | % | -0.01 | % | 0.000 | % | ||||
| 3 month ended Sep-2025 QTD Avg | 3 month ended Sep-2024 QTD Avg | Sep-2025 YTD Avg | Sep-2024 YTD Avg | |||||||||
| Average Balances | ||||||||||||
| (thousands, unaudited) | ||||||||||||
| Average assets | $ | 449,454 | $ | 466,891 | $ | 444,644 | $ | 472,470 | ||||
| Average interest-earning assets | $ | 423,017 | $ | 442,078 | $ | 418,872 | $ | 447,855 | ||||
| Average interest-bearing liabilities | $ | 223,314 | $ | 248,448 | $ | 225,404 | $ | 255,169 | ||||
| Average gross loans | $ | 210,494 | $ | 192,243 | $ | 208,374 | $ | 187,406 | ||||
| Average deposits | $ | 375,657 | $ | 344,433 | $ | 367,519 | $ | 335,191 | ||||
| Average equity | $ | 46,041 | $ | 40,630 | $ | 44,638 | $ | 39,297 | ||||
| Sep-2025 QTD | Dec-2024 YTD | |||||||||||
| Credit Quality | ||||||||||||
| Non-performing loans | $ | 827,155 | $ | 1,228,165 | ||||||||
| Non-performing loans to total loans | 0.39 | % | 0.60 | % | ||||||||
| Non-performing loans to total assets | 0.17 | % | 0.26 | % | ||||||||
| Allowance for credit losses to total loans | 2.20 | % | 2.25 | % | ||||||||
| Nonperforming assets as a percentage of total loans and OREO | 0.39 | % | 0.60 | % | ||||||||
| Allowance for credit losses to non-performing loans | 562.17 | % | 376.48 | % | ||||||||
| Other Period-end Statistics | ||||||||||||
| Shareholders equity to total assets | 9.65 | % | 9.15 | % | ||||||||
| Net Loans to Deposits | 53.27 | % | 57.36 | % | ||||||||
| Non-interest bearing deposits to total deposits | 47.99 | % | 47.77 | % | ||||||||
| Company Leverage Ratio | 11.59 | % | 10.40 | % | ||||||||
| Core Deposits / Total Deposits | 97.09 | % | 97.31 | % | ||||||||
Contact: Dann H. Bowman, President and CEO or Melinda M. Milincu, Senior Vice President and CFO, Chino Commercial Bancorp and Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, CA. 91710, (909) 393-8880.
FAQ
What were Chino Commercial Bancorp (CCBC) net earnings for Q3 2025?
How did CCBC deposits change as of September 30, 2025?
What was CCBC's earnings per share (EPS) for Q3 2025 and YTD Sep 30, 2025?
How did CCBC's loan quality look at September 30, 2025?
What drove CCBC's noninterest income growth in Q3 2025?
What balance-sheet impact did CCBC's new Corona branch have in Q3 2025?
