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Cashmere Vy Bk Wash (CSHX) delivers community-focused banking services through personalized financial solutions and disciplined risk management. This page provides investors, businesses, and community members with direct access to the bank’s official announcements and strategic updates.
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Cashmere Valley Bank (OTCQX: CSHX) reported Q1 2025 earnings of $6.4 million, with diluted EPS of $1.64, marking a 12.3% decrease from the previous year. The bank's gross loans totaled $967.4 million, showing a 7.1% year-over-year decrease, while deposits reached $1.83 billion, up 2.5% from March 2024.
Key metrics show mixed performance: ROA declined from 1.44% to 1.23%, and ROE decreased from 14.4% to 11.1%. The bank maintained strong credit quality with non-performing loans at 0.34%. Net interest income improved to $16.2 million, with net interest margin increasing to 3.17%. The bank's Tier 1 capital grew 7.9% to $281.9 million, and a semi-annual dividend of $0.90 per share was paid in February 2025.
Cashmere Valley Bank (OTCQX:CSHX) reported annual earnings of $28.2 million for 2024, with diluted earnings per share of $7.24, a slight increase from $7.20 in 2023. The bank declared a semi-annual dividend of $0.90 per share, up by $0.05.
Despite challenging rates, the bank saw resumed deposit growth, with total deposits increasing by $64.2 million (3.6%) to $1.8 billion. However, net interest margin decreased to 3.14% from 3.31%, and gross loans declined by $80.1 million (7.7%) to $962.4 million. The bank's efficiency ratio rose from 53.5% to 56.6%, while return on equity decreased from 15.69% to 12.93%.
Shareholders' equity increased 14.5% to $232.2 million, and the bank's GAAP capital ratio improved to 10.94%. Non-performing loans remained stable at 0.34% of gross loans.
Cashmere Valley Bank (CSHX) reported Q3 2024 earnings of $7.2 million, with year-to-date earnings reaching $21.1 million, up from $20.3 million in the same period of 2023. Diluted earnings per share were $5.42 year-to-date, a 3.9% increase. Deposits grew by $52.5 million in Q3 to $1.825 billion, with non-interest deposits at $409.4 million. The bank's net interest margin improved to 3.22% in Q3 2024 from 3.07% a year ago, despite gross loans decreasing by $45.3 million to $997.1 million since December 2023.
Cashmere Valley Bank (OTCQX:CSHX) reported robust year-to-date earnings of $13.9 million for the six months ended June 30, 2024, up from $13.1 million in the same period last year. Quarterly earnings reached $6.6 million, with diluted earnings per share increasing 23.1% to $1.71. The bank's deposits have stabilized, totaling $1.772 billion as of June 30, 2024. Despite a slight decrease in gross loans to $1.015 billion, credit quality remains strong with non-performing loans at just 0.23% of gross loans. The bank's net interest margin settled at 3.11% for the first half of 2024, down from 3.30% in the same period of 2023. Notably, the bank's GAAP capital to assets ratio improved to 10.60% from 9.07% a year ago, reflecting strong Tier 1 capital growth.
Cashmere Valley Bank (OTCQX:CSHX) reported quarterly earnings of $7.7 million, or $1.99 diluted earnings per share, for the quarter ending March 31, 2023, reflecting a 27.6% increase year-over-year.
Key highlights include an increase in gross loans to $1.016 billion, though deposit balances fell by 6.2% to $1.84 billion. The bank's net interest income rose to $17.3 million, driven by an improved net interest margin of 3.42%.
Despite strong credit quality with non-performing loans at 0.15%, unrealized losses in the investment portfolio were reported at $76.7 million. Non-interest expense grew to $11.8 million, primarily due to increased salaries. Tier 1 capital improved to $238.0 million.
Cashmere Valley Bank (OTCQX:CSHX) reported annual earnings of $26.0 million for 2022, resulting in a diluted earnings per share (EPS) of $6.69, down 9.5% from 2021. The Board declared a semi-annual dividend of $0.85 per share, payable on February 13, 2023. Despite the challenging interest rate environment and tight labor market, net income exceeded all but 2021's earnings. The bank's net interest margin improved to 2.91%, while total deposits fell 1.9% to $1.9 billion. Return on equity increased to 14.68%, although shareholder equity decreased 33.8% to $158.4 million due to unrealized losses on securities.
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