Chino Commercial Bancorp Reports Record Earnings and Strong Financial Performance in Q2 2025

Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced its financial results for the second quarter ending June 30, 2025. The company achieved record net earnings, asset growth, and a successful expansion of deposit bases, marking a robust quarter of growth.

Strong Earnings Growth

Net earnings for Q2 2025 reached $1.54 million, representing a substantial increase of 25.04%—or $308,500—compared to the same period in 2024. Basic and diluted earnings per share rose to $0.48 from last year’s $0.38. Year-to-date, net earnings totaled $2.89 million, up 16.85% from $2.48 million a year earlier, with earnings per share rising to $0.90 from $0.77 year-over-year.

Management’s Commentary

President and CEO Dann H. Bowman expressed satisfaction with the quarter's record results, highlighting achievements in total assets, deposits, earnings, and capital. He noted the continued strength in loan quality, citing zero delinquent loans at quarter-end. Additionally, the company celebrated the opening of its fifth branch in Corona, which attracted $20 million in new deposits during its initial business development phase.

Financial Condition and Asset Growth

As of June 30, 2025, total assets climbed to $481.9 million, a 3.3% increase from $466.7 million at the end of 2024. Deposits grew by $22.7 million, or 6.5%, totaling $371.6 million, with core deposits making up 97.01% of the deposit base. Gross loans stood at $206.3 million, a 0.5% increase compared to year-end 2024. The bank reported no delinquent loans and only three non-performing loans on non-accrual status by quarter-end, and no other real estate owned (OREO) was listed.

Earnings Details

Net interest income for Q2 reached $3.7 million, up from $3.2 million the previous year. The net interest margin improved to 3.69%, compared to 2.95% for the same period in 2024. Average interest-earning assets were $414.6 million, and average interest-bearing liabilities stood at $221.9 million.

Non-interest income rose 23% to $1.0 million, mainly due to a 14.5% increase in deposit account fees and a 20.2% increase in merchant services processing revenue. Merchant services contributed $178,800 for the quarter, reflecting continued success in this segment.

General and administrative expenses were $2.7 million, up from $2.3 million last year, primarily due to an increase in salary and benefits to $1.6 million. Income tax expense for the quarter was $614,900, corresponding to an effective tax rate of 28.5%.

Forward-Looking Statements

Statements in this report (excluding historical facts) are forward-looking and involve risks and uncertainties such as changes in market conditions, economic trends, interest rates, regulatory developments, and operational challenges. Actual results may differ from expectations due to these factors.

This content is for informational purposes only and does not constitute financial advice.