Welcome to our dedicated page for Exchange Bank news (Ticker: EXSR), a resource for investors and traders seeking the latest updates and insights on Exchange Bank stock.
Exchange Bank (OTC: EXSR) is a full-service community bank headquartered in Sonoma County, California, and founded in 1890. This news page aggregates company-issued updates and announcements so readers can follow how the bank communicates about its operations, people, and community role. Because Exchange Bank operates in commercial banking and provides personal, commercial, and trust and investment management services, its news often highlights both financial performance and regional engagement.
Visitors can expect earnings announcements, such as quarterly results where the bank discusses net income, net interest income, non-interest income, loan growth, deposit trends, liquidity, and capital ratios. These releases provide insight into Exchange Bank’s balance sheet, loan portfolio composition, and funding mix, as well as commentary on asset quality and regulatory capital levels.
The news flow also includes dividend declarations by the Board of Directors on common stock outstanding. These updates often note that a significant portion of cash dividends is directed to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College, illustrating how shareholder distributions connect to educational philanthropy.
In addition, Exchange Bank regularly publishes leadership and personnel announcements, including appointments and promotions in branch management, commercial lending, marketing, finance, and risk management. These stories emphasize employee development, community involvement by key staff, and alignment with the bank’s values of commitment, respect, integrity, and teamwork.
Readers interested in a community-focused financial institution with a regional footprint in Sonoma County, Roseville, Marin County, and Silicon Valley can use this page to follow Exchange Bank’s reported financial results, dividend actions, and organizational developments over time.
Exchange Bank (OTC: EXSR) reported a net income of $8.49 million for Q1 2021, down 1.60% from $8.63 million in Q1 2020. The decline is attributed to reduced net interest income and non-interest income, alongside a provision for loan losses of $1.2 million. Net interest income fell to $23.27 million, while non-interest income decreased to $5.41 million. Total assets rose 24.76% to $3.29 billion, driven by a $624 million increase in deposits. The Bank's capital ratios remain robust, with total risk-based capital at 19.09%. Despite declines, control over operating expenses improved by 11.62%.
Exchange Bank (OTC: EXSR) reported a net income of $9.24 million for Q4 2020, a 1.87% increase from Q4 2019, leading to a total annual net income of $33.70 million. Despite these results, 2020 net income showed a decline from $36.50 million in 2019, influenced by lower net interest income and a $1.8 million provision for loan losses. The bank successfully provided PPP loans worth approximately $260 million to 1,780 small businesses. Total assets rose to $3.14 billion, a 17.43% increase from 2019, driven by a significant rise in deposits.
Exchange Bank (OTC: EXSR) has appointed Shari DeMaris as executive vice president and chief financial officer, effective January 15, 2021. DeMaris joined the bank in October 2020 to prepare for this transition, working alongside outgoing CFO Greg Jahn. With over 23 years in financial leadership, including tenure as CFO at Hills Bank and Trust, she brings a wealth of experience. Exchange Bank, established in 1890, holds $3.1 billion in assets and is recognized for its community support and excellent workplace culture.