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Exchange Bank (OTC: EXSR) operates as a full-service community bank serving California markets with personal banking, business banking, financing, and Trust and Investment Management services. The bank was founded in 1890 and is headquartered in Sonoma County, with a retail branch network across the North Bay and Roseville and trust offices in multiple California markets.
Recurring news for Exchange Bank includes unaudited earnings releases, regulatory capital updates, loan portfolio commentary, common stock cash dividend declarations, branch openings, and retail banking management appointments. Updates also cover the bank’s investment securities portfolio, accumulated other comprehensive income treatment, and community-linked dividend distributions through the Doyle Trust.
Exchange Bank (OTC: EXSR) reported strong second quarter 2025 financial results, with net income of $7.0 million, up from $5.2 million in Q2 2024. The bank's performance was marked by an 11% increase in net interest income to $22.5 million and a 15% rise in non-interest income to $6.6 million.
Key metrics show robust financial health with total assets of $3.27 billion and strong liquidity of $940.4 million (29% of total assets). The bank maintains a well-capitalized position with a total risk-based capital ratio of 19.83%. Deposits grew by $95.3 million year-over-year to $2.87 billion, with approximately 76% of deposits FDIC-insured. The loan portfolio increased to $1.63 billion with strong credit quality, showing non-accrual loans at just 0.32% of gross loans.
The bank's book equity increased by 23% to $316.4 million, and regulatory capital grew to $416.5 million. Notable improvements include reduced borrowings from $225 million to $40 million year-over-year.
Exchange Bank (OTC: EXSR) has promoted Ali Spitzer to the position of Senior Vice President and Chief Credit Officer. Spitzer, who has progressed through various roles including Credit Analyst, Underwriter, Loan Officer, and Credit Administrator, brings extensive experience to her new position. She has been recognized as one of the North Bay Business Journal's Influential Women of 2025 and is a past recipient of their 40 Under 40 award.
Currently serving on the Santa Rosa Metro Chamber board, Spitzer has previously contributed to community recovery efforts through her involvement with the Sonoma Community Action Network and Business Alliance of Sonoma County, particularly during the Tubbs Fire crisis. Exchange Bank's President and CEO Troy Sanderson praised her leadership qualities and dedication to community banking principles.
Exchange Bank (EXSR) has declared a quarterly cash dividend of $1.30 per share on common stock for the second quarter of 2025. The dividend will be paid on June 20, 2025, to shareholders of record as of June 6, 2025. Notably, 50.44% (approximately $1.12 million) of the Bank's cash dividend will be allocated to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College.
Exchange Bank (OTC: EXSR) has announced the appointment of Jim Curry as Vice President and Branch Manager of its Healdsburg branch. Curry brings nearly 15 years of experience at Exchange Bank and over two decades of banking leadership experience. Since joining the bank in 2010, Curry has successfully managed multiple branches including Rohnert Park, Cotati, and most recently Windsor, where he earned the nickname "Mr. Windsor" for his active community involvement.
Throughout his tenure, Curry has demonstrated strong leadership in community engagement, serving on various organizations including the Cotati-Rohnert Park Education Foundation, Rotary Club of Rancho Cotati, and as Board Chair for the Windsor Chamber of Commerce. His appointment to the Healdsburg branch represents a strategic move to leverage his expertise in customer relationship building and community leadership.
Exchange Bank reported strong Q1 2025 financial results with net income of $5.6 million, up from $4.9 million in Q1 2024. The bank's performance showed notable improvements with a net interest margin increase to 2.73% and non-interest income growth of 12%.
Key highlights include paying off $100 million in Federal Reserve borrowing, maintaining strong liquidity of $965.3 million (29.48% of total assets), and a robust total risk-based capital ratio of 19.58%. Total assets stood at $3.27 billion, with deposits increasing by $79.1 million year-over-year to $2.89 billion.
The loan portfolio remains healthy at $1.61 billion, with commercial real estate loans comprising 40.1%. About 75.5% of deposits were FDIC-insured. The bank's book equity grew by 19.3% to $301.1 million, demonstrating solid financial stability and growth.
Exchange Bank reported strong Q1 2025 financial results with net income after taxes of $5.6 million, up from $4.9 million in Q1 2024. The bank's performance showed notable improvements with:
Non-interest income increased 12% year-over-year, boosted by a one-time trust settlement fee of $450,000. The bank successfully paid off its $100 million Federal Reserve Bank Term Funding Program borrowing in January 2025. Net interest margin improved from 2.59% to 2.73%.
Key metrics demonstrate solid financial health:
- Total assets: $3.27 billion
- Strong liquidity position: $965.3 million (29.48% of total assets)
- Total risk-based capital ratio: 19.58%
- Deposits increased by $79.1 million (2.8%) year-over-year
- 75.5% of deposits FDIC-insured
The loan portfolio remains well-diversified, with commercial real estate (40.1%), residential (27.7%), and multifamily loans (11.7%) as primary components.
Exchange Bank (OTC: EXSR) has partnered with FHLBank San Francisco to award an $800,000 grant to the Dry Creek Rancheria Band of Pomo Indians for affordable housing development. This represents the largest grant ever delivered by Exchange Bank.
The funding will support sustainable and accessible housing solutions for the tribal community, aiming to provide safe and secure housing for tribal members. The grant was made possible through voluntary funding from FHLBank San Francisco, which supports affordable housing and economic development across Arizona, California, and Nevada.
Exchange Bank (OTC: EXSR) has announced the appointment of Jessica Dominguez as assistant vice president and branch manager at their St. Francis location in Santa Rosa, CA. Dominguez, who joined the bank in 2018, brings diverse banking experience to her new role.
Starting as a Relationship Banker at the Dutton branch, she later worked with the Trust and Investment team before moving to the Windsor branch in 2023. She maintains active involvement in community service through various organizations, including Windsor Rotary and the Windsor Chamber of Commerce. Dominguez also serves on the membership committee for the Sonoma County Women's Professional Group and participates in the Exchange Bank softball team as a pitcher.
Exchange Bank has appointed Ivette Celedon as vice president and branch manager of their Petaluma office at 453 North McDowell Blvd. Celedon brings over 18 years of experience in business and consumer banking, having previously served as Branch Manager at the St. Francis office.
A Petaluma native and 2024 graduate of Leadership Petaluma, Celedon started her banking career as a teller before advancing through various leadership positions. She is actively involved in community service, volunteering with organizations like Redwood Empire Food Bank, 10,000 Degrees, and Casa Grande High School Project Grad. She also manages private indoor soccer teams and serves on the board of North Coast Futbol Club.