Exchange Bank Stock Price, News & Analysis

Exchange Bank (OTC: EXSR) has announced the appointment of Bahar Ozgur as Vice President and Commercial Relationship Manager. In her new role, Ozgur will focus on strengthening commercial lending customer relationships and aligning branch and commercial banking efforts to support the bank's strategic growth in the North Bay and San Francisco areas.

Ozgur joins Exchange Bank with extensive commercial banking experience, previously serving as VP, Lead Commercial Banking Relationship Manager at another financial institution. She holds a bachelor's degree in economics from Hunter College and an MBA in Finance from Pace University's Lubin School of Business.

Exchange Bank (OTC: EXSR) has appointed Holly Hawkins as Senior Vice President and Chief Human Resources Officer. In her new role, Hawkins will be responsible for developing and executing human capital strategy aligned with the bank's business plan and strategic direction.

Hawkins joins Exchange Bank with extensive HR leadership experience across various sectors including wine industry, not-for-profits, and financial services. She previously served as SVP, Human Resources at Vintage Wine Estates, Inc. A lifelong Sonoma County and Windsor resident, Hawkins brings expertise in developing strategies that translate to hands-on leadership, planning, and execution.

Exchange Bank has announced its first quarter cash dividend of $1.30 per share on common stock. The dividend will be distributed on March 21, 2025, to shareholders recorded as of March 7, 2025.

A significant portion of the dividend, approximately $1.12 million (50.44%), will be allocated to the Doyle Trust, which provides funding for Doyle Scholarships at Santa Rosa Junior College.

Exchange Bank (OTC: EXSR) has appointed Suzanne Knowlton as vice president and director of marketing and community relations. In her new role, Knowlton will oversee all marketing, communications, and community relations activities aligned with the bank's strategic priorities.

Knowlton brings significant experience from community-based financial institutions, having worked at Monterra Credit Union (2019-2024) and Redwood Credit Union (2014-2019). Her expertise includes digital marketing, content creation, brand management, and public relations. A Sebastopol resident, Knowlton has demonstrated community involvement through board positions with the Sequoia Awards, Monterra Community Fund, Chops Team Club, and the Sebastopol Area Chamber of Commerce.

Exchange Bank (OTC: EXSR) reported net income after taxes of $8.8 million in Q4 2024 and $23.85 million for the full year 2024, up from $20.19 million in 2023. The bank's liquidity remains strong at $676.17 million (20.50% of total assets), with available borrowing capacity of $998.34 million.

Key financial metrics include: loan growth of 1.5% year-over-year to $1.62 billion, strong loan quality with nonaccrual loans below 0.70%, and a total risk-based capital ratio of 19.43%. The bank released $5.80 million of allowance for credit losses in Q4. Net interest income decreased 10.20% to $81.26 million in 2024, primarily due to increased funding costs.

Total assets were $3.30 billion, with deposits remaining stable at $2.83 billion. The investment portfolio stood at $1.36 billion, with approximately 75.86% of deposits fully FDIC insured.

Exchange Bank has declared a quarterly cash dividend of $1.30 per share on common stock, payable on December 13, 2024, to shareholders of record as of November 29, 2024. Notably, 50.44% (approximately $1.12 million) of the dividend will be directed to the Doyle Trust, which supports Doyle Scholarships at Santa Rosa Junior College.

Exchange Bank (OTC: EXSR) reported Q3 2024 net income of $4.9 million, down from $6.3 million in Q3 2023. Year-to-date net income through September 2024 reached $15.0 million, up from $13.4 million in the same period of 2023. The bank maintains strong liquidity with $817.1 million in on-balance sheet assets (23.95% of total assets) and $1.00 billion in available borrowing capacity. Total assets stood at $3.41 billion, with loans at $1.60 billion showing strong quality metrics. The bank remains well-capitalized with a total risk-based capital ratio of 19.43% and maintains solid deposit base of $2.82 billion.

Exchange Bank has declared a quarterly cash dividend of $1.30 per share on common stock outstanding. The dividend will be paid on September 20, 2024, to shareholders of record as of September 6, 2024. Notably, 50.44% of the Bank's cash dividend, approximately $1.12 million, will be allocated to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College. This declaration demonstrates Exchange Bank's commitment to providing value to its shareholders while also supporting local education initiatives.

Exchange Bank (OTC: EXSR) reported net income after taxes of $5.2 million for the second quarter of 2024, up from $4.9 million in Q1 2024. Key highlights include:

- Strong on-balance sheet liquidity at $715.1 million (21.6% of total assets)
- Available borrowing capacity of $1.03 billion (31.2% of total assets)
- Loan balances increased by $52.1 million (3.4%) year-over-year
- Loan quality remains strong with nonaccrual loans at 0.25% of gross loans
- Well-capitalized with a total risk-based capital ratio of 19.11%

The Bank's net interest income decreased by 10.9% year-over-year due to increased funding costs. However, interest income on assets rose by 9.40% compared to H1 2023. The net interest margin for H1 2024 was 2.61%, down from 3.06% in H1 2023.