Chino Commercial Stock Price, News & Analysis

Chino Commercial Bancorp (OTC: CCBC) is a financial holding company and the parent of Chino Commercial Bank, N.A. The company is involved in commercial banking activities within the finance and insurance sector. According to company announcements, Chino Commercial Bank operates multiple full-service bank branches and offers banking services to its customers.

Chino Commercial Bancorp is based in Chino, California. Its common stock trades on the over-the-counter market under the symbol CCBC. The company’s activities are centered on traditional banking functions, including accepting deposits and making loans, as reflected in its reported financial condition and results of operations. The bank reports balances in cash and due from banks, investment securities, loans held for investment, deposits, and various borrowings, which are typical components of a commercial banking balance sheet.

The company has disclosed that Chino Commercial Bank operates full-service bank branches in Chino, Ontario, Rancho Cucamonga, and Upland. In addition, management has reported the opening of a fifth location in Corona, California. These locations indicate a regional banking footprint focused on communities in and around the Inland Empire area of Southern California.

Chino Commercial Bancorp’s earnings releases describe key sources of income such as interest and fees on loans, interest on investment securities, and other interest income. On the noninterest income side, the company reports service charges and fees on deposit accounts, interchange fees, earnings from bank-owned life insurance, merchant services processing income, and other miscellaneous income. Noninterest expenses include salaries and employee benefits, occupancy and equipment costs, merchant services processing expenses, and other operating expenses.

The company has highlighted the performance of its Merchant Services program, which provides credit card processing services for its customers. Management has described this program as delivering reliable processing services, cost savings, and improved cash-flow options for participating customers. Merchant services also contribute to both noninterest income and noninterest expense, as shown in the company’s consolidated statements of net income.

In its financial disclosures, Chino Commercial Bancorp reports metrics such as total assets, total deposits, gross loans, allowance for loan losses, shareholder equity, and various key financial ratios. These ratios include return on average equity, return on average assets, net interest margin, core efficiency ratio, and several credit quality indicators. The company also reports statistics related to non-performing loans, allowance for credit losses, and the relationship of nonperforming assets to total loans and other real estate owned.

Chino Commercial Bancorp has also undertaken corporate actions that affect shareholders. The company announced a 20% stock dividend approved by its Board of Directors, noting that this was the seventh stock dividend since the company’s inception in 2000. The stock dividend increased the number of outstanding shares of the company, reflecting a history of using stock dividends as part of its capital management approach.

Overall, Chino Commercial Bancorp presents itself as a regional commercial banking organization with a focus on deposit gathering, lending activities, and fee-based services such as merchant processing. Its public disclosures emphasize loan quality measures, deposit composition, and capital levels, which are important considerations for investors evaluating a commercial bank’s financial condition and performance.

Business model and revenue sources

Based on its reported financial statements, Chino Commercial Bancorp generates revenue primarily through interest income and noninterest income. Interest income is derived from interest and fees on loans, interest on investment securities, and other interest-earning assets. Noninterest income arises from service charges and fees on deposit accounts, interchange fees, earnings from bank-owned life insurance, merchant services processing, and other miscellaneous income.

On the expense side, the company incurs interest expense on deposits and borrowings, as well as noninterest expenses such as salaries and employee benefits, occupancy and equipment costs, merchant services processing costs, and other operating expenses. The difference between interest income and interest expense results in net interest income, which is a central driver of profitability for commercial banks. After accounting for provisions for loan losses and noninterest income and expenses, the company reports net income for the period.

Branch network and regional focus

Chino Commercial Bancorp has stated that Chino Commercial Bank operates full-service bank branches in Chino, Ontario, Rancho Cucamonga, and Upland. The company has also announced the opening of a fifth location in Corona. These locations indicate a concentration in specific California communities, with a branch network designed to serve local customers through in-person banking services.

The reference to full-service branches suggests that these locations offer a range of banking services, and the company’s disclosures about deposits, loans, and merchant services support the view that the bank engages in traditional community and commercial banking activities. However, specific product sets beyond what is explicitly mentioned in the company’s reports are not detailed in the available information.

Risk management and credit quality indicators

Chino Commercial Bancorp’s financial highlights include several measures related to credit quality and risk management. The company reports non-performing loans, non-performing loans as a percentage of total loans and total assets, allowance for credit losses to total loans, and allowance for credit losses to non-performing loans. It also discloses the ratio of nonperforming assets to total loans and other real estate owned, as well as net chargeoffs or recoveries to average loans.

These metrics provide insight into the performance of the loan portfolio and the level of reserves maintained against potential credit losses. The company has also noted periods with no delinquent loans and has reported non-performing loans on non-accrual status, along with the absence of other real estate owned at specific reporting dates.

Capital, deposits, and funding

The company’s consolidated statements of financial condition show total deposits, including noninterest-bearing and interest-bearing deposits, as a primary funding source. Chino Commercial Bancorp also reports borrowings such as Federal Home Loan Bank advances, Federal Reserve Bank borrowings, subordinated debt, and subordinated notes payable to a subsidiary trust. Shareholders’ equity is detailed through common stock, retained earnings, and unrealized gains or losses on available-for-sale securities.

Additional statistics include the ratio of shareholders’ equity to total assets, net loans to deposits, the proportion of non-interest bearing deposits to total deposits, the company leverage ratio, and the percentage of core deposits to total deposits. These measures help describe the company’s capital position, funding mix, and reliance on core deposits versus other funding sources.

Historical corporate actions

Chino Commercial Bancorp has reported that its Board of Directors approved a 20% stock dividend, with the dividend increasing the number of outstanding shares. The company indicated that this was the seventh stock dividend since its inception in 2000. This pattern suggests a history of using stock dividends as part of its approach to shareholder returns, although specific dividend policies beyond this information are not detailed in the available data.

Key features highlighted by management

In its public statements, management has emphasized several aspects of the bank’s performance and operations. These include record levels for total assets, total deposits, net earnings, and total capital at certain reporting dates, as well as strong loan quality indicators such as the absence of delinquent loans. Management has also highlighted the productivity of new branch locations, such as the Corona branch, and the contribution of merchant services processing to customer service and noninterest income.

FAQs about Chino Commercial Bancorp (CCBC)