CIB Marine Bancshares, Inc. Announces Third Quarter 2026 Results

Wider lending margins supported nine-month earnings growth, but risk-rated credits rose from $37 million to $56 million.

Rhea-AI Summary

CIB Marine Bancshares (CIBH) reported third-quarter 2026 net income of $0.8 million, down from the same quarter a year earlier. Diluted earnings per share fell to $0.57 from $0.65. Nine-month net income rose to $2.3 million from $1.9 million, with diluted earnings of $1.69 versus $1.36.

Third-quarter net interest margin widened to 3.05% from 2.77% a year earlier, while noninterest income fell and credit-loss provisions increased. Credits rated Special Mention, Substandard or Doubtful rose to $56 million from $37 million at year-end 2025. Loans declined to $651.0 million from $666.2 million at year-end, while deposits rose to $671.7 million from $660.6 million and borrowings fell to $49.2 million from $77.8 million. Year-to-date stock repurchases totaled $1.2 million at a weighted average price of $38.33 per share.

17 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 16 points

How the balance works

Positive

• Moderate pointNine-month net income rose to $2.3 million from $1.9 million; diluted EPS increased to $1.69 from $1.36.
• Moderate pointQuarterly net interest income increased to $6.055 million from $5.584 million a year earlier.
• Moderate pointQuarterly net interest margin widened to 3.05% from 3.03% sequentially and 2.77% a year earlier.
• Moderate pointQuarterly noninterest expense declined to $6.129 million from $6.375 million a year earlier.
• Moderate pointDeposits increased to $671.675 million from $660.614 million at year-end 2025.
• Moderate pointBorrowings declined to $49.186 million from $77.817 million at year-end 2025.
• Moderate pointQuarterly efficiency ratio improved to 83.96% from 85.33%; nine-month ratio improved to 84.41% from 88.61% year-over-year.
• Moderate pointCumulative repurchases since February 2025 reached 5% of outstanding stock, using $2.5 million of the $3.5 million authorization. 4.6% of market cap

9 minor points

• Minor pointNine-month net interest income increased to $17.881 million from $16.349 million a year earlier.
• Minor pointNine-month net interest margin increased to 3.02% from 2.69% a year earlier.
• Minor pointNine-month noninterest expense declined to $18.289 million from $19.059 million a year earlier.
• Minor pointBanking Division nine-month net income increased by $0.5 million from the same period in 2025.
• Minor pointTotal risk-based capital ratio rose to 14.11% from 13.67% at year-end 2025.
• Minor pointTier 1 risk-based capital ratio rose to 11.34% from 10.94% at year-end 2025.
• Minor pointLeverage capital ratio increased to 9.04% from 8.80% at year-end 2025.
• Minor pointEquity-to-assets ratio increased to 9.85% from 9.77% at year-end 2025.
• Minor pointYear-to-date stock repurchases totaled $1.2 million at a weighted average price of $38.33 per share.

Negative

• Moderate pointThird-quarter net income fell to $0.8 million from $0.9 million; diluted EPS declined to $0.57 from $0.65.
• Moderate pointSpecial Mention, Substandard and Doubtful credits increased to $56 million from $37 million at year-end 2025.
• Moderate pointQuarterly noninterest income declined to $1.163 million from $1.908 million a year earlier.
• Moderate pointLoan balances declined to $650.954 million from $666.199 million at year-end 2025.
• Moderate pointNonperforming assets were 0.92% of assets, down from 1.04% at year-end but above 0.75% a year earlier.

11 minor points

• Minor pointQuarterly credit-loss provision reached $73,000, versus a $90,000 reversal a year earlier.
• Minor pointNine-month credit-loss provision reached $315,000, versus a $39,000 reversal a year earlier.
• Minor pointNine-month annualized net charge-offs reached 0.14% of average loans, versus 0.01% net recoveries a year earlier.
• Minor pointNine-month noninterest income declined to $3.678 million from $5.225 million a year earlier.
• Minor pointMortgage Division nine-month net income decreased by $0.1 million from the same period in 2025.
• Minor pointNonaccrual loans were 1.15% of loans, down from 1.31% at year-end but above 0.95% a year earlier.
• Minor pointTotal assets declined to $812.901 million from $833.304 million at year-end 2025.
• Minor pointStockholders' equity declined to $80.065 million from $81.414 million at year-end 2025.
• Minor pointTangible book value per share declined to $60.67 from $61.56 sequentially and $60.72 a year earlier.
• Minor pointQuarterly return on average assets fell to 0.37% from 0.44% a year earlier.
• Minor pointQuarterly return on average equity fell to 3.73% from 4.46% a year earlier.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BROOKFIELD, Wis., Oct. 21, 2026 (GLOBE NEWSWIRE) -- CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and nine months ended September 30, 2026. Net income for the quarter was $0.8 million, or $0.58 basic and $0.57 diluted net income per share, compared to $0.9 million, or $0.67 basic and $0.65 diluted net income per share, for the same quarter of 2025. For the nine-month period, net income increased to $2.3 million, or $1.73 basic and $1.69 diluted net income per share, compared to $1.9 million, or $1.41 basic and $1.36 diluted net income per share, for the same period in 2025.

Financial highlights for the quarter include:

• Net interest margin increased to 3.05% compared to 3.03% for the second quarter of 2026 and 2.77% for the third quarter of 2025. In addition, the net interest margin increased to 3.02% for the nine months ended September 30, 2026, compared to 2.69% for the same period of 2025. The rising trend continued as the cost of funds declined and earning asset yields rose. Net interest income increased $0.5 million for the quarter compared to the same quarter of 2025, and by $1.5 million for the nine months ended September 30, 2026, compared to the same period of 2025, primarily as a result of improved net interest margins that more than offset the impact of lower average earning asset balances.

• Net income for the Banking Division increased by $0.5 million, while net income for the Mortgage Division decreased by $0.1 million for the nine months ended September 30, 2026, compared to the same period in 2025. The Banking Division’s increase was driven primarily by higher net interest income, which more than offset the $0.4 million increase in provisions for credit losses. The Mortgage Division’s results were primarily the result of lower mortgage volumes due to higher mortgage rates and limited housing inventory, offset in part by effective cost controls.
• The allowance for credit losses (“ACL”) to loans was 1.23% at September 30, 2026, compared to 1.20% at June 30, 2026, and 1.27% at December 31, 2025. Provision for credit losses increased year to date, and annualized net charge-offs also increased. Improved economic forecasts from the Federal Reserve and lower loan balances since June 30, 2026, partially offset deterioration in qualitative adjustments related to changes in credit classifications and other factors. Non-performing assets to total assets and non-accrual loans to loans were 0.92% and 1.15%, respectively, on September 30, 2026, compared to 1.04% and 1.31%, respectively, on December 31, 2025. While these measures of non-performing asset quality remained relatively consistent during the period, migration within other credit risk categories resulted in the combined total of credits classified as Special Mention, Substandard, and Doubtful increasing from $37 million at December 31, 2025, to $56 million at September 30, 2026. This increase was primarily due to migration in the Commercial and Commercial Real Estate loan portfolio segments, while the Construction & Development, Residential, Home Equity or Consumer segments experienced little overall total classified balance change. Management is closely monitoring these credits and has increased its focus on problem loan management.
• Since year-end 2025, loan balances have decreased by $15 million, primarily due to a $10 million and $5 million decline in the residential and commercial (inclusive of the construction and development segment) portfolios, respectively. The decline in residential loans was consistent with portfolio strategy, as these loans generally generate lower net interest spreads. Although commercial loan originations increased compared with the same period in the prior year, elevated prepayment activity, largely attributable to borrower business and property sales rather than interest rate or service considerations, contributed to the decline in commercial loan balances. Deposits increased since December 31, 2025, primarily in money market and noninterest-bearing checking accounts, reflecting targeted growth initiatives and increased marketing expenditures. Short-term borrowings, primarily those from the Federal Home Loan Bank of Chicago, decreased by $29 million during the period with that reduction funded from higher deposit balances and lower loan balances.
  
  

Mr. J. Brian Chaffin, CIB Marine’s President and CEO, commented, “Earnings improved again as expansion of the net interest margin and disciplined expense management more than offset higher provisions for credit losses. Net interest margin for CIBM Bank was 3.11% for the third quarter, up from 2.84% in the same quarter in 2025, and up from 3.09% in the second quarter of 2026. We remain focused on growing new customer relationships and continuing the repricing of loans and deposits, supported by enhanced marketing activities. Provisions for credit losses increased compared to the same period last year as we have had some credit migration and charge-off activity, as noted above. Management is addressing these issues with the highest priority.”

Regarding the Company’s common stock repurchase plan, he added, “Purchases of CIBH stock for the year to date have totaled $1.2 million at a weighted average price of $38.33 per share. Since February 2025, we have repurchased 5% of our outstanding stock at a price of $36.17 per share, utilizing $2.5 million of the $3.5 million authorized through 2026.”

Finally, he concluded, “For the remainder of 2026, we remain focused on increasing net interest income while navigating the challenges presented by the current interest rate environment, and on addressing the recent rise in loan risk migrations.”

CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates nine banking offices in Illinois, Wisconsin, and Indiana, and has mortgage loan officers and/or offices in six states. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

FORWARD-LOOKING STATEMENTS
CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

Stockholders should note that many factors, some of which are discussed elsewhere in this Earnings Release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

• operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
• economic, political, and competitive forces affecting CIB Marine’s banking business;
• the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
• the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.
  
  

These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

FOR INFORMATION CONTACT:
J. Brian Chaffin, President & CEO
(217) 355-0900
brian.chaffin@cibmbank.com 

CIB MARINE BANCSHARES, INC.
Selected Unaudited Consolidated Financial Data
	At or for the
	Quarters Ended																9 Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,				September 30,			September 30,
		2026			2026			2026			2025			2025				2026			2025
	(Dollars in thousands, except share and per share data)
Selected Statement of Operations Data:
Interest and dividend income	$	10,871		$	10,739		$	10,586		$	10,881		$	10,780			$	32,196		$	32,738
Interest expense		4,816			4,739			4,760			5,208			5,196				14,315			16,389
Net interest income		6,055			6,000			5,826			5,673			5,584				17,881			16,349
Provision for (reversal of) credit losses		73			(26	)		268			1,174			(90	)			315			(39	)
Net interest income after provision for
(reversal of) credit losses		5,982			6,026			5,558			4,499			5,674				17,566			16,388
Noninterest income (1)		1,163			1,337			1,178			1,292			1,908				3,678			5,225
Noninterest expense		6,129			6,191			5,969			6,223			6,375				18,289			19,059
Income (loss) before income taxes		1,016			1,172			767			(432	)		1,207				2,955			2,554
Income tax expense (benefit)		249			257			181			(115	)		299				687			657
Net income (loss)	$	767		$	915		$	586		$	(317	)	$	908			$	2,268		$	1,897
Common Share Data:
Basic net income (loss) per share	$	0.58		$	0.69		$	0.45		$	(0.24	)	$	0.67			$	1.73		$	1.41
Diluted net income (loss) per share		0.57			0.68			0.43			(0.24	)		0.65				1.69			1.36
Dividend		0.00			0.00			0.00			0.00			0.00				0.00			0.00
Tangible book value per share (2)		60.67			61.56			61.09			60.95			60.72				60.67			60.72
Book value per share (2)		60.72			61.61			61.13			61.00			60.77				60.72			60.77
Weighted average shares outstanding - basic		1,318,554			1,317,498			1,310,842			1,334,388			1,350,097				1,314,251			1,345,941
Weighted average shares outstanding - diluted		1,345,372			1,345,498			1,349,513			1,379,094			1,396,512				1,345,372			1,393,086
Financial Condition Data:
Total assets	$	812,901		$	828,198		$	832,790		$	833,304		$	836,760			$	812,901		$	836,760
Loans		650,954			659,768			669,543			666,199			655,620				650,954			655,620
Allowance for credit losses on loans		(7,987	)		(7,903	)		(8,696	)		(8,465	)		(8,721	)			(7,987	)		(8,721	)
Investment securities		124,964			124,419			120,629			123,319			128,214				124,964			128,214
Deposits		671,675			666,633			677,349			660,614			702,078				671,675			702,078
Borrowings		49,186			67,804			62,265			77,817			39,245				49,186			39,245
Stockholders' equity		80,065			81,245			80,647			81,414			81,789				80,065			81,789
Financial Ratios and Other Data:
Performance Ratios:
Net interest margin (3)		3.05	%		3.03	%		2.96	%		2.81	%		2.77	%			3.02	%		2.69	%
Net interest spread (4)		2.48	%		2.46	%		2.40	%		2.20	%		2.17	%			2.45	%		2.07	%
Noninterest income to average assets (5)		0.61	%		0.66	%		0.59	%		0.62	%		0.91	%			0.62	%		0.82	%
Noninterest expense to average assets		2.98	%		3.03	%		2.95	%		2.98	%		3.06	%			2.99	%		3.04	%
Efficiency ratio (6)		83.96	%		84.28	%		85.03	%		89.37	%		85.33	%			84.41	%		88.61	%
Earnings (loss) on average assets (7)		0.37	%		0.45	%		0.29	%		-0.15	%		0.44	%			0.37	%		0.30	%
Earnings (loss) on average equity (8)		3.73	%		4.53	%		2.90	%		-1.53	%		4.46	%			3.72	%		3.18	%
Asset Quality Ratios:
Nonaccrual loans to loans (9)		1.15	%		1.09	%		1.30	%		1.31	%		0.95	%			1.15	%		0.95	%
Nonperforming assets to total assets (10)		0.92	%		0.87	%		1.04	%		1.04	%		0.75	%			0.92	%		0.75	%
Nonaccrual loans, modified loans to borrowers experiencing
financial difficulty, loans 90 days or more past due and still accruing to total loans		2.00	%		1.94	%		2.20	%		2.36	%		2.38	%			2.00	%		2.38	%
Nonaccrual loans, OREO, modified loans to borrowers
experiencing financial difficulty, loans 90 days or more past due and still accruing to total assets		1.60	%		1.54	%		1.77	%		1.89	%		1.87	%			1.60	%		1.87	%
Allowance for credit losses on loans to total loans (9)		1.23	%		1.20	%		1.30	%		1.27	%		1.33	%			1.23	%		1.33	%
Allowance for credit losses on loans to nonaccrual loans,
modified loans to borrowers experiencing financial difficulty loans and loans 90 days or more past due and still accruing (9)		61.30	%		61.87	%		59.08	%		53.87	%		55.78	%			61.30	%		55.78	%
Net charge-offs (recoveries) annualized
to average loans (9)		0.01	%		0.47	%		-0.06	%		0.85	%		0.00	%			0.14	%		-0.01	%
Capital Ratios:
Total equity to total assets		9.85	%		9.81	%		9.68	%		9.77	%		9.77	%			9.85	%		9.77	%
Total risk-based capital ratio		14.11	%		13.84	%		13.53	%		13.67	%		13.90	%			14.11	%		13.90	%
Tier 1 risk-based capital ratio		11.34	%		11.10	%		10.80	%		10.94	%		11.15	%			11.34	%		11.15	%
Leverage capital ratio		9.04	%		8.95	%		8.83	%		8.80	%		8.88	%			9.04	%		8.88	%
Other Data:
Number of employees (full-time equivalent)		142			142			141			142			143				142			143
Number of banking facilities		9			9			9			9			9				9			9
(1) Noninterest income includes gains and losses on securities.
(2) Tangible book value per share is the stockholder equity less the carrying value of the preferred stock and less the goodwill and intangible assets, divided by the total shares of common outstanding. Book value per share is the stockholder equity less the liquidation preference of the preferred stock, divided by the total shares of common outstanding. Both book value measures are reported inclusive of the net deferred tax assets. As presented here, shares of common outstanding excludes unvested restricted stock awards.
(3) Net interest margin is the ratio of net interest income to average interest-earning assets.
(4) Net interest spread is the yield on average interest-earning assets less the rate on average interest-bearing liabilities.
(5) Noninterest income to average assets excludes gains and losses on securities.
(6) The efficiency ratio is noninterest expense divided by the sum of net interest income plus noninterest income, excluding gains and losses on securities.
(7) Earnings on average assets are net income divided by average total assets.
(8) Earnings on average equity are net income divided by average stockholders' equity.
(9) Excludes loans held for sale.
(10)Nonperforming assets includes nonaccrual loans, nonaccrual securities, and other real estate owned.

CIB MARINE BANCSHARES, INC.
Consolidated Balance Sheets (unaudited)
	September 30,			June 30,			March 31,			December 31,			September 30,
		2026			2026			2026			2025			2025
	(Dollars in Thousands, Except Shares)
Assets
Cash and due from banks	$	6,258		$	8,893		$	9,584		$	8,102		$	19,016
Securities available for sale		122,863			122,235			118,436			121,110			126,017
Equity securities at fair value		2,101			2,184			2,193			2,209			2,197
Loans held for sale		3,434			7,976			6,160			8,640			7,287
Loans		650,954			659,768			669,543			666,199			655,620
Allowance for credit losses on loans		(7,987	)		(7,903	)		(8,696	)		(8,465	)		(8,721	)
Net loans		642,967			651,865			660,847			657,734			646,899
Federal Home Loan Bank stock		2,264			2,707			2,707			2,567			2,195
Premises and equipment, net		1,633			1,646			1,610			1,675			1,731
Accrued interest receivable		2,935			2,798			2,890			2,763			2,803
Deferred tax assets, net		12,030			11,503			11,589			11,440			11,745
Other real estate owned, net		-			-			-			-			-
Bank owned life insurance		6,809			6,752			6,695			6,641			6,589
Goodwill and other intangible assets		64			64			64			64			64
Other assets		9,543			9,575			10,015			10,359			10,217
Total assets	$	812,901		$	828,198		$	832,790		$	833,304		$	836,760
Liabilities and Stockholders' Equity
Deposits:
Noninterest-bearing demand	$	87,229		$	88,840		$	86,243		$	85,637		$	95,307
Interest-bearing demand		77,072			82,241			91,209			86,577			107,512
Savings		254,953			233,642			232,493			218,515			222,450
Time		252,421			261,910			267,404			269,885			276,809
Total deposits		671,675			666,633			677,349			660,614			702,078
Short-term borrowings		39,366			57,992			52,462			68,022			29,458
Long-term borrowings		9,820			9,812			9,803			9,795			9,787
Accrued interest payable		1,189			1,335			1,237			1,468			1,456
Other liabilities		10,786			11,181			11,292			11,991			12,192
Total liabilities		732,836			746,953			752,143			751,890			754,971
Stockholders' Equity
Preferred stock, $1 par value; 5,000,000 authorized shares at both September 30, 2026 and December 31, 2025; 7% fixed rate noncumulative perpetual issued; zero shares of series A and zero shares of series B convertible		-			-			-			-			-
Common stock, $1 par value; 75,000,000 authorized shares; 1,401,541 and 1,385,842 issued shares; 1,319,357 and 1,335,390 outstanding shares at September 30, 2026 and December 31, 2025, respectively (1)		1,402			1,402			1,398			1,386			1,386
Capital surplus		182,391			182,283			182,175			182,087			182,003
Accumulated deficit		(95,639	)		(96,406	)		(97,321	)		(97,907	)		(97,591	)
Accumulated other comprehensive income (loss), net		(5,091	)		(3,036	)		(2,765	)		(2,371	)		(2,808	)
Treasury stock, 82,906 shares on September 30, 2026 and 51,174 shares December 31, 2025 (2)		(2,998	)		(2,998	)		(2,840	)		(1,781	)		(1,201	)
Total stockholders' equity		80,065			81,245			80,647			81,414			81,789
Total liabilities and stockholders' equity	$	812,901		$	828,198		$	832,790		$	833,304		$	836,760
(1) Both issued and outstanding shares as stated here exclude 41,184 shares and 43,054 shares of unvested restricted stock awards at September 30, 2026 and December 31, 2025, respectively.
(2) Treasury stock includes 722 shares held by subsidiary bank CIBM Bank.

CIB MARINE BANCSHARES, INC.
Consolidated Statements of Operations (Unaudited)
	At or for the
	Quarters Ended																9 Months Ended
	September 30,			June 30,			March 31,			December 31,			September 30,				September 30,			September 30,
		2026			2026			2026			2025			2025				2026			2025
	(Dollars in thousands)
Interest Income
Loans	$	9,535		$	9,463		$	9,323		$	9,480		$	9,347			$	28,321		$	28,623
Loans held for sale		84			78			87			168			123				249			409
Securities		1,225			1,170			1,152			1,200			1,229				3,547			3,565
Other investments		27			28			24			33			81				79			141
Total interest income		10,871			10,739			10,586			10,881			10,780				32,196			32,738
Interest Expense
Deposits		4,324			4,180			4,185			4,660			4,772				12,689			14,596
Short-term borrowings		371			437			456			427			302				1,264			1,431
Long-term borrowings		121			122			119			121			122				362			362
Total interest expense		4,816			4,739			4,760			5,208			5,196				14,315			16,389
Net interest income		6,055			6,000			5,826			5,673			5,584				17,881			16,349
Provision for (reversal of) credit losses		73			(26	)		268			1,174			(90	)			315			(39	)
Net interest income after provision for
(reversal of) credit losses		5,982			6,026			5,558			4,499			5,674				17,566			16,388
Noninterest Income
Deposit service charges		56			46			43			62			62				145			186
Other service fees		(14	)		(11	)		(10	)		(10	)		(7	)			(35	)		(26	)
Mortgage banking revenue, net		874			1,072			820			1,021			1,483				2,766			4,047
Other income		242			208			173			178			239				623			695
Net gain (loss) on sale of securities available for sale		0			0			0			(10	)		0				0			0
Unrealized gain (loss) recognized on equity securities		(82	)		(9	)		(16	)		11			21				(107	)		64
Net gain on sale of SBA loans		87			31			168			40			110				286			271
Net gain on sale of assets and (writedowns)		0			0			0			0			0				0			(12	)
Total noninterest income		1,163			1,337			1,178			1,292			1,908				3,678			5,225
Noninterest Expense
Compensation and employee benefits		3,801			3,800			3,726			3,833			4,047				11,327			12,173
Equipment		517			510			521			589			577				1,548			1,719
Occupancy and premises		521			524			571			537			514				1,616			1,582
Data Processing		244			213			218			215			243				675			676
Federal deposit insurance		123			125			134			119			138				382			368
Professional services		223			236			178			169			205				637			701
Telephone and data communication		73			69			65			73			65				207			174
Insurance		81			54			94			71			92				229			231
Other expense		546			660			462			617			494				1,668			1,435
Total noninterest expense		6,129			6,191			5,969			6,223			6,375				18,289			19,059
Income (loss) from operations
before income taxes		1,016			1,172			767			(432	)		1,207				2,955			2,554
Income tax expense (benefit)		249			257			181			(115	)		299				687			657
Net income (loss)		767			915			586			(317	)		908				2,268			1,897
Net income (loss) allocated to
common stockholders	$	767		$	915		$	586		$	(317	)	$	908			$	2,268		$	1,897

CIB MARINE BANCSHARES, INC.
Credit Quality Indicators (unaudited)
	At September 30, 2026
	Pass		Special Mention		Substandard		Doubtful		Total Loans
	(Dollars in thousands)
Commercial	$	68,883	$	2,976	$	20,193	$	-	$	92,052
Commercial real estate:
Owner Occupied		76,863		7,472		5,630		0		89,965
Non-owner Occupied		240,668		0		13,912		0		254,580
Construction and Development		26,386		0		5,323		0		31,709
Residential Real Estate:
Owner Occupied		143,490		101		166		0		143,757
Non-owner Occupied		17,691		0		0		0		17,691
Home equity		18,947		241		437		0		19,625
Purchased home equity pools		157		0		0		0		157
Other consumer		739		1		0		0		741
	$	593,823	$	10,792	$	45,661	$	0		650,275
Deferred loan costs										679
Total									$	650,954
Combined total classified Special Mention, Substandard and Doubtful									$	56,452
	At December 31, 2025
	Pass		Special Mention		Substandard		Doubtful		Total Loans
	(Dollars in thousands)
Commercial	$	82,314	$	7,892	$	8,280	$	-	$	98,486
Commercial real estate:
Owner Occupied		82,261		1,001		5,492		0		88,753
Non-owner Occupied		252,380		6,794		2,001		0		261,175
Construction and Development		21,325		4,262		0		0		25,587
Residential Real Estate:
Owner Occupied		152,099		322		428		0		152,849
Non-owner Occupied		18,312		0		0		0		18,312
Home equity		19,000		325		538		0		19,862
Purchased home equity pools		186		0		0		0		186
Other consumer		22		1		0		0		23
	$	627,899	$	20,597	$	16,738	$	0		665,233
Deferred loan costs										966
Total									$	666,199
Combined total classified Special Mention, Substandard and Doubtful									$	37,335

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were CIB Marine's third-quarter 2026 earnings?

CIB Marine earned $0.8 million, or $0.57 per diluted share, compared with $0.9 million, or $0.65 per diluted share, in the third quarter of 2025. Basic earnings per share were $0.58 versus $0.67.

Why did CIB Marine's residential and commercial loan balances decline in 2026?

CIB Marine attributed the residential decline to its portfolio strategy and the commercial decline to elevated prepayments, largely associated with borrower business and property sales. Residential loans generally generate lower net interest spreads. Commercial originations increased compared with the same period a year earlier, but prepayment activity contributed to lower balances.

What drove CIB Marine's Mortgage Division earnings decline in 2026?

Lower mortgage volumes drove the Mortgage Division's earnings decline, with higher mortgage rates and limited housing inventory contributing to reduced activity. Cost controls partly offset the decline.

Which CIB Marine loan portfolios accounted for the increase in risk-rated credits?

The increase primarily involved Commercial and Commercial Real Estate loans. Construction and Development, Residential, Home Equity and Consumer portfolios experienced little overall change in classified balances. Management is monitoring these credits and has increased its focus on problem loan management.