Chino Commercial Bancorp Reports 24.7% Increase in Net Earnings
Rhea-AI Summary
Chino Commercial Bancorp (OTC: CCBC) reported first-quarter 2026 results with net earnings of $1.69 million, a 24.7% increase versus Q1 2025, and basic/diluted EPS of $0.52 versus $0.42 a year earlier. Net interest income was $4.5 million and the net interest margin was 4.15%. Total assets were $468.3 million and total deposits rose to $382.6 million. Merchant services revenue grew sharply and credit quality showed no delinquencies or credit losses for the quarter.
AI-generated analysis. Not financial advice.
Positive
- Net earnings +24.7% year-over-year
- Basic and diluted EPS increased ~23.8% to $0.52
- Merchant services revenue +71.36% year-over-year
Negative
- Income tax expense +23% year-over-year
- Salary and benefits expense +12.5% year-over-year
News Market Reaction – CCBC
On the day this news was published, CCBC gained 3.32%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHINO, Calif., April 17, 2026 (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 first quarter ended March 31, 2026.
Net earnings for the first quarter of 2026 were
Dann H. Bowman, President and Chief Executive Officer, stated, “We are very encouraged by the first quarter’s performance with net earnings increasing
The Bank’s Merchant Services program continues to deliver reliable credit card processing services for our customers, with significant savings and improved cash-flow options.”
Financial Condition
As of March 31, 2026, 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.
Contact: Dann H. Bowman, President, or Nicole Ronquillo Assistant Controller - AVP, Chino Commercial Bancorp and Chino Commercial Bank, N.A., 14245 Pipeline Avenue, Chino, CA. 91710, (909) 393-8880.
| Consolidated Statements of Financial Condition | |||||||
| As of 3/31/2026 | |||||||
| Mar-2026 Ending Balance | Dec-2025 Ending Balance | ||||||
| Assets | |||||||
| Cash and due from banks | $ | 10,945,603 | $ | 45,883,735 | |||
| Cash and cash equivalents | $ | 10,945,603 | $ | 45,883,735 | |||
| Fed Funds Sold | $ | 3,080 | $ | 10,433 | |||
| Investment securities available for sale, net of zero | |||||||
| allowance for credit losses | $ | 13,653,526 | $ | 11,545,192 | |||
| Investment securities held to maturity , net of zero | |||||||
| allowance for credit losses | $ | 188,839,937 | $ | 195,829,795 | |||
| Total Investments | $ | 202,493,463 | $ | 207,374,987 | |||
| Gross loans held for investments | $ | 234,908,991 | $ | 220,584,180 | |||
| Deferred loan fees, net | $ | (519,389 | ) | $ | (483,539 | ) | |
| Allowance for Loan Losses | $ | (5,194,551 | ) | $ | (4,915,464 | ) | |
| Net Loans | $ | 229,195,051 | $ | 215,185,177 | |||
| Stock investments, restricted, at cost | $ | 3,662,000 | $ | 3,662,000 | |||
| Fixed assets, net | $ | 8,071,233 | $ | 8,117,396 | |||
| Accrued Interest Receivable | $ | 1,693,335 | $ | 1,673,768 | |||
| Bank Owned Life Insurance | $ | 8,791,417 | $ | 8,728,882 | |||
| Other Assets | $ | 3,482,004 | $ | 3,527,089 | |||
| Total Assets | $ | 468,337,186 | $ | 494,163,469 | |||
| Liabilities | |||||||
| Deposits | |||||||
| Noninterest-bearing | $ | 178,110,869 | $ | 181,348,771 | |||
| Interest-bearing | $ | 204,551,147 | $ | 188,819,543 | |||
| Total Deposits | $ | 382,662,016 | $ | 370,168,314 | |||
| Federal Home Loan Bank advances | $ | 0 | $ | 0 | |||
| Federal Reserve Bank borrowings | $ | 20,000,000 | $ | 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 | $ | 251,240 | $ | 133,875 | |||
| Other Liabilities | $ | 2,029,311 | $ | 2,022,314 | |||
| Total Liabilities | $ | 418,035,567 | $ | 445,417,503 | |||
| Shareholder Equity | |||||||
| Common Stock ** | $ | 10,502,558 | $ | 10,502,558 | |||
| Retained Earnings | $ | 41,591,557 | $ | 39,905,329 | |||
| Unrealized Gain (Loss) AFS Securities | $ | (1,792,495 | ) | $ | (1,661,921 | ) | |
| Total Shareholders' Equity | $ | 50,301,620 | $ | 48,745,966 | |||
| Total Liab & Shareholders' Equity | $ | 468,337,186 | $ | 494,163,469 | |||
| ** Common stock, no par value, 10,000,000 shares authorized and 3,211,970 shares issued and outstanding at 3/31/2026 and 12/31/2025 | |||||||
| Consolidated Statements of Net Income | |||||
| As of 3/31/2026 | |||||
| Mar-2026 QTD Balance | Mar-2025 QTD Balance | ||||
| Interest Income | |||||
| Interest & Fees On Loans | $ | 3,861,824 | $ | 3,321,616 | |
| Interest on Investment Securities | $ | 1,919,517 | $ | 1,702,790 | |
| Other Interest Income | $ | 179,765 | $ | 256,326 | |
| Total Interest Income | $ | 5,961,106 | $ | 5,280,732 | |
| Interest Expense | |||||
| Interest on Deposits | $ | 1,086,349 | $ | 1,190,301 | |
| Interest on Borrowings | $ | 408,889 | $ | 469,920 | |
| Total Interest Expense | $ | 1,495,238 | $ | 1,660,221 | |
| Net Interest Income | $ | 4,465,868 | $ | 3,620,511 | |
| Provision For Loan Losses | $ | 273,337 | $ | 10,705 | |
| Net Interest Income After Provision for Loan Losses | $ | 4,192,531 | $ | 3,609,806 | |
| Noninterest Income | |||||
| Service Charges and Fees on Deposit Accounts | $ | 421,232 | $ | 506,358 | |
| Interchange Fees | $ | 110,251 | $ | 106,469 | |
| Earnings from Bank-Owned Life Insurance | $ | 62,535 | $ | 58,273 | |
| Merchant Services Processing | $ | 242,124 | $ | 141,296 | |
| Other Miscellaneous Income | $ | 51,672 | $ | 43,194 | |
| Total Noninterest Income | $ | 887,814 | $ | 855,590 | |
| Noninterest Expense | |||||
| Salaries and Employee Benefits | $ | 1,794,286 | $ | 1,588,471 | |
| Occupancy and Equipment | $ | 212,348 | $ | 181,453 | |
| Merchant Services Processing | $ | 117,760 | $ | 77,041 | |
| Other Expenses | $ | 610,207 | $ | 730,263 | |
| Total Noninterest Expense | $ | 2,734,601 | $ | 2,577,228 | |
| Income Before Income Tax Expense | $ | 2,345,743 | $ | 1,888,171 | |
| Provision For Income Tax | $ | 659,515 | $ | 535,895 | |
| Net Income | $ | 1,686,228 | $ | 1,352,276 | |
| Basic earnings per share | $ | 0.52 | $ | 0.42 | |
| Diluted earnings per share | $ | 0.52 | $ | 0.42 | |
| Financial Highlights | |||||||
| As of 3/31/2026 | |||||||
| Mar-2026 QTD | Mar-2025 QTD | ||||||
| Key Financial Ratios | |||||||
| Annualized Return on Average Equity | 13.76 | % | 12.69 | % | |||
| Annualized Return on Average Assets | 1.47 | % | 1.23 | % | |||
| Net Interest Margin | 4.15 | % | 3.50 | % | |||
| Core Efficiency Ratio | 51.08 | % | 57.58 | % | |||
| Net Chargeoffs/Recoveries to Average Loans | 0.00 | % | 0.00 | % | |||
| 3 month ended Mar-2026 QTD Avg | 3 month ended Mar-2025 QTD Avg | ||||||
| Average Balances | |||||||
| (thousands, unaudited) | |||||||
| Average assets | $ | 464,947 | $ | 444,235 | |||
| Average interest-earning assets | $ | 436,458 | $ | 418,980 | |||
| Average interest-bearing liabilities | $ | 237,816 | $ | 231,101 | |||
| Average gross loans | $ | 227,169 | $ | 207,980 | |||
| Average deposits | $ | 372,516 | $ | 357,417 | |||
| Average equity | $ | 49,693 | $ | 43,224 | |||
| Mar-2026 QTD | Dec-2025 YTD | ||||||
| Credit Quality | |||||||
| Non-performing loans | $ | 1,193,590 | $ | 707,106 | |||
| Non-performing loans to total loans | 0.51 | % | 0.32 | % | |||
| Non-performing loans to total assets | 0.25 | % | 0.14 | % | |||
| Allowance for credit losses to total loans | 2.21 | % | 2.23 | % | |||
| Nonperforming assets as a percentage of total loans and OREO | 0.51 | % | 0.32 | % | |||
| Allowance for credit losses to non-performing loans | 434.70 | % | 695.15 | % | |||
| Other Period-end Statistics | |||||||
| Shareholders equity to total assets | 10.74 | % | 9.86 | % | |||
| Net Loans to Deposits | 59.89 | % | 58.13 | % | |||
| Non-interest bearing deposits to total deposits | 46.55 | % | 48.99 | % | |||
| Company Leverage Ratio | 11.87 | % | 11.70 | % | |||
| Core Deposits / Total Deposits | 96.08 | % | 96.96 | % | |||
