Chino Commercial Stock Price, News & Analysis

Chino Commercial Bancorp (OTC: CCBC) reported a strong performance for the first quarter of 2023, with net earnings of $1.2 million, up 29.8% from $900 thousand a year earlier. Earnings per share rose to $0.44 from $0.34 in the same period last year. Despite challenges in the banking sector, the company's loan quality remains robust. Total assets increased to $439.3 million, marking a 10.0% rise compared to $399.8 million at the end of 2022, while total deposits decreased by 5.5% to $318.8 million.

Net interest income rose to $3.1 million from $2.7 million, but the net interest margin fell to 3.37% from 4.17%. Non-interest income increased 16.2% to $594.8 thousand. Overall, the bank maintains a positive outlook despite rising operational costs and potential market challenges.

Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), has been awarded the highest rating of Super Premier Performing Bank by The Findley Reports on Financial Institutions. This recognition reflects the bank's exceptional financial and operational performance in 2022, assessed through factors such as profitability, return on equity, and loan performance. President and CEO Dann H. Bowman expressed satisfaction with the accolade, highlighting the bank's increased revenue, earnings per share, and strong credit performance throughout the year. The bank maintains a robust capital position and low loan losses, positioning it well to serve local consumers and businesses effectively.

The Board of Directors of Chino Commercial Bancorp (OTC: CCBC) announced a strong performance for the fourth quarter of 2022, reporting net earnings of $1.3 million, a remarkable increase of 84.6% year-over-year. Earnings per share rose to $0.49 from $0.26. For the entire fiscal year, net earnings surged by 50.5% to $4.7 million, with earnings per share at $1.76, up from $1.17 in 2021. Total assets grew by 5.6% to $399.7 million, while total deposits increased by 5.8% to $337.5 million. Despite concerns about economic weakness, the bank anticipates growth opportunities through new products and services for small businesses.

Chino Commercial Bancorp (OTC: CCBC) reported strong third-quarter earnings for 2022, with net earnings of $1.3 million, up 77.2% from $718 thousand a year ago. The earnings per share increased to $0.48 from $0.27. Total assets rose to $416.6 million, a 10.1% increase over the year. Deposits also grew by 11.6% to $355.9 million. Net interest income climbed to $3.3 million and non-interest income rose by 11.7%. Despite economic concerns, the company reported minimal credit quality issues with only one delinquent loan. Overall, the financial outlook remains positive.

Chino Commercial Bancorp (OTC: CCBC) reported net earnings of $1.2 million for Q2 2022, a 42.4% increase from $867 thousand in Q2 2021. Earnings per share rose to $0.46, up from $0.32. Total assets increased by 7.5% to $406.8 million, with total deposits rising by 8.8% to $347.1 million. Net interest income improved to $3.3 million, driven by a net interest margin of 3.43%. Non-interest income also rose by 12.9%. However, gross loans decreased by 2.1% due to PPP loan payoffs, while general and administrative expenses increased.

Chino Commercial Bancorp (OTC: CCBC) reported a net earnings increase of 7.4% for Q1 2022, amounting to $900 thousand, up from $838 thousand in Q1 2021. Earnings per share rose to $0.34 from $0.31 year-over-year. Total assets increased by 9.1%, reaching $412.8 million, and total deposits grew by 10.1% to $353.7 million. The bank maintained gross loans at $176 million. However, its net interest margin declined to 2.72% from 3.59% a year earlier. Overall, non-interest income rose 16.6%, attributed mainly to service charges.

Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), was awarded Findley Reports' highest rating of Super Premier Performing Bank for outstanding financial and operational performance in 2021. This recognition reflects the Bank's strong profitability, return on equity, and loan performance, as noted by the Findley Reports. President and CEO Dann H. Bowman expressed satisfaction with the award, citing a robust capital position and low loan losses that enable increased lending to consumers and businesses in the local economy.

Chino Commercial Bancorp (OTC: CCBC) reported fourth-quarter 2021 net earnings of $707 thousand, a 1.2% increase from $699 thousand in Q4 2020. Earnings per share remained stable at $0.26. For the fiscal year, net earnings rose 19.3% to $3.1 million ($1.17 per share) from $2.6 million ($0.98 per share) in 2020. Total assets grew by 20.02% to $378.5 million, and total deposits increased by 23.7% to $318.9 million. However, gross loans decreased by 10% to $176.2 million, largely due to loan paydowns from the Payroll Protection Program.

Chino Commercial Bancorp (OTC: CCBC) reported a net earnings increase of 8.1% to $718K for Q3 2021, up from $664K in Q3 2020. Net earnings per share rose to $0.27. Total assets grew by 17.6%, reaching $370.2 million, while total deposits surged by 20.6% to $310.9 million. The bank maintained a strong loan quality with no delinquent loans. However, gross loans decreased by 6.7% due to loan paydowns under the Payroll Protection Program. Non-interest income increased by 37.5% to $544.6K, while general and administrative expenses rose to $1.8 million.