CBB Bancorp Q2 Earnings: Net Interest Margin Expands to 3.46%, Deposits Up $47.7M

CBB Bancorp, Inc. Reports Second Quarter 2025 Financial Results

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Neutral)

Tags

earnings

07/25/2025 - 09:00 AM

LOS ANGELES--(BUSINESS WIRE)-- CBB Bancorp, Inc. ("CBB" or the "Company') (OTCQX: CBBI), the holding company of Commonwealth Business Bank, doing business as 鈥淐BB Bank鈥� (the "Bank"), announced today net income of $4.4 million for the second quarter 2025, or $0.41 per diluted share compared to $4.5 million in the first quarter 2025, or $0.42 per diluted share.

Second Quarter 2025 Highlights

Net income of $4.4 million, or $0.41 per diluted share
Net interest margin expanded to 3.46%, up from 3.38% in Q1
Efficiency ratio improved to 59.99%
SBA loan sales of $17.6 million with 8.1% average premium
Deposit growth of $47.7 million (3.2% quarter-over-quarter)

Net income for the second quarter 2025 declined slightly compared to the prior quarter, as increased net interest income was offset by a modest rise in noninterest expenses and a decline in noninterest income.

The net interest margin for the second quarter 2025 was 3.46% compared to 3.38% for the first quarter 2025 and 3.77% for the second quarter 2024. The efficiency ratio for the second quarter 2025 was 59.99% compared to 60.41% for the first quarter 2025 and 55.69% for the second quarter 2024.

Richard Koh, President and CEO, said, "Amid ongoing developments around tariffs, trade restrictions, and heightened volatility in capital markets, the near-term outlook remains increasingly uncertain. As a relationship-driven bank, we are well-equipped to navigate these challenges. We remain committed to executing our long-term strategies and delivering exceptional service to our customers."

INCOME STATEMENT

Net Interest Income

Net interest income for the second quarter 2025 was $15.0 million, an increase of $224 thousand or 1.5%, quarter over quarter and a decrease of $317 thousand or 2.1%, compared to the second quarter 2024 due to moderate decrease in average yield on loans.

Net Interest Margin

The net interest margin for the second quarter 2025 was 3.46% compared to 3.38% for the first quarter 2025 and 3.77% for the second quarter 2024. Net interest margin improved by 8 basis points compared to the prior quarter, mainly driven by a 3 basis point increase in the yield on interest-earning assets and a 11 basis point reduction in the cost of deposits. The cost of funds for the second quarter 2025 was 3.29% compared to 3.34% for the first quarter 2025 and 3.52% for the second quarter 2024.

Provision for Credit Losses

Total provision for credit losses of $590 thousand was recorded for the second quarter 2025 compared to $500 thousand in the first quarter 2025.

Provision for credit loss of $200 thousand was recorded for the second quarter 2024.

Noninterest Income

Noninterest income for the second quarter of 2025 was $2.1 million, unchanged from the first quarter of 2025, and $253 thousand lower than the $2.3 million reported in the second quarter of 2024. A loss of $67 thousand was recognized on the sale of other real estate owned (OREO) during the quarter.

Noninterest Expenses

Noninterest expenses totaled $10.3 million for the second quarter of 2025, compared to $10.2 million in the prior quarter and $9.9 million in the second quarter of 2024. The $43 thousand quarter-over-quarter increase was primarily driven by higher marketing and professional fees, partially offset by decreases in insurance and loan-related expenses.

Please refer to the financial tables in this press release for additional information and trends.

Income Taxes

The Company鈥檚 effective tax rate for the second quarter 2025 was 29.8% compared to 28.3% for the first quarter 2025 and 28.3% for the second quarter 2024.

BALANCE SHEET

Investment Securities

Investment securities were $65.5 million at June 30, 2025, an increase of $4.0 million or 6.5% from March 31, 2025, and a decrease of $7.5 million or 10.3% from June 30, 2024.

Loans Receivable

Loans receivable, including loans held-for-sale, totaled $1.46 billion as of June 30, 2025, representing an increase of $11.5 million, or 0.8%, from March 31, 2025, and $24.5 million, or 1.7%, from June 30, 2024. The growth was primarily driven by increases in commercial real estate (CRE) loans.

Allowance for Credit Losses and Asset Quality

The Allowance for Credit Losses (鈥淎CL鈥�) was $15.5 million as of June 30, 2025, representing 1.21% of loans held-for-investment, compared to $14.9 million, or 1.18%, at March 31, 2025. At June 30, 2024, the ACL totaled $16.0 million, or 1.31% of loans held-for-investment.

Total nonperforming assets increased to $16.7 million at June 30, 2025, from $11.7 million at March 31, 2025, and $5.8 million a year earlier. ACL coverage of nonperforming assets was over 92% at quarter-end.

Substandard loans increased to $30.4 million as of June 30, 2025, up from $20.8 million in the prior quarter. Delinquent loans declined slightly to $25.2 million, compared to $27.6 million at March 31, 2025.

SBA Loans Held-for-Sale

As of June 30, 2025, total SBA loans held-for-sale were $184.0 million, compared to $194.5 million at March 31, 2025, and $209.1 million at June 30, 2024.

During the second quarter of 2025, the Bank sold $17.6 million in SBA loans at an average premium of 8.1%, compared to $19.8 million sold in the first quarter of 2025, also at an average premium of 8.1%. In the second quarter of 2024, the Bank sold $19.5 million in SBA loans with an average premium of 6.8%.

Deposits

Total deposits were $1.52 billion at June 30, 2025, up $47.7 million or 3.2% from March 31, 2025, and up $184.5 million or 13.8% from June 30, 2024.

Borrowings

As of June 30, 2025, the Bank had no outstanding borrowings, compared to $50.0 million in FHLB advances as of March 31, 2025.

Capital

Stockholders鈥� equity was $262.0 million at June 30, 2025, which increased $3.5 million or 1.3%, quarter over quarter. Tangible book value per share at June 30, 2025, was $24.51, an increase of $0.33, or 1.4%, quarter over quarter.

The following are the Company鈥檚 and the Bank鈥檚 regulatory capital ratios at June 30, 2025.

The Common Equity Tier 1 Risk-Based Capital Ratios at June 30, 2025, were 18.98% and 18.94% for the Company and the Bank, respectively. Total Risk-Based Capital Ratios were 20.13% and 20.09% for the Company and the Bank, respectively. Leverage Ratios were 14.48% for the Company and 14.45% for the Bank. The Bank is considered 鈥淲ell Capitalized鈥� under the applicable regulatory capital rules.

About CBB Bancorp, Inc.:

CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in loans to small-to-medium-sized businesses and does business as 鈥淐BB Bank.鈥� As of June 30, 2025, the Bank had twelve full-service banking offices in Los Angeles and Orange Counties in California, Dallas County in Texas, Honolulu, Hawaii, and Fort Lee, New Jersey. Three SBA regional offices in Los Angeles, Dallas, and Bergen Counties, and loan production offices in Georgia, Washington, and New York. For additional information, please go to under the tab 鈥淎bout Us鈥� and select 鈥淚nvestor Relations鈥� to see the 2Q 2025 Overview.

FORWARD-LOOKING STATEMENTS:

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. CBB Bancorp, Inc. (the 鈥淐ompany鈥�) intends that such forward-looking statements be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described herein are necessarily subject to risks and uncertainties that may cause actual results to differ materially and adversely from those described herein. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渆stimate,鈥� or words of similar meaning, or future or conditional verbs such as 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� or 鈥渕ay.鈥� These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management鈥檚 views as of any subsequent date. Factors that might cause actual results to differ materially from those presented, either expressed or implied, in this news release include, but are not limited to: the Company鈥檚 ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company鈥檚 operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

The Company undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances, except to the extent required by law.

STATEMENT OF INCOME AND PERFORMANCE HIGHLIGHT (Unaudited) - Table 1

(Dollars in thousands, except per share amounts)

听

Three Months Ended

Six Months Ended

June 30,

March 31,

June 30,

听

2025

听

2025

听

Change

听

2024

听

Change

听

2025

听

2024

听

Change

听

Interest income

27,392

听

27,467

听

(75

)

(0.3

27,755

听

(363

)

(1.3

54,859

听

56,218

听

(1,359

)

(2.4

Interest expense

听

12,345

听

12,644

听

(299

)

(2.4

听

12,391

听

(46

)

(0.4

听

24,989

听

25,046

听

(57

)

(0.2

Net interest income

听

15,047

听

14,823

听

224

听

1.5

听

15,364

听

(317

)

(2.1

听

29,870

听

31,172

听

(1,302

)

(4.2

听

Provision for credit losses

听

590

听

500

听

18.0

听

200

听

390

听

195.0

听

1,090

听

600

听

490

听

81.7

Net interest income after provision for credit losses

听

14,457

听

14,323

听

134

听

0.9

听

15,164

听

(707

)

(4.7

听

28,780

听

30,572

听

(1,792

)

(5.9

听

Gain on sale of loans

听

900

听

1,021

听

(121

)

-11.9

听

1,064

听

(164

)

748.8

听

1,921

听

2,553

听

(632

)

(24.8

Loss on sale of OREO

听

(67

)

听

(92

)

听

(27.2

听

(67

)

(100.0

听

(159

)

听

)

听

(158

)

158.00

听

SBA servicing fee income, net

听

799

听

691

听

108

听

15.6

听

768

听

4.0

听

1,490

听

1,401

听

6.4

Recovery on impaired servicing liability

听

(10

)

(100.0

Service charges and other income

听

450

听

496

听

(46

)

(9.3

听

503

听

(53

)

(10.5

听

946

听

933

听

1.4

Noninterest income

听

2,082

听

2,116

听

(34

)

(1.6

听

2,335

听

(253

)

(10.8

听

4,198

听

4,896

听

(698

)

(14.3

听

Salaries and employee benefits

听

5,779

听

5,848

听

(69

)

(1.2

听

5,927

听

(148

)

(2.5

听

11,627

听

11,951

听

(324

)

(2.7

Occupancy and equipment

听

1,293

听

1,314

听

(21

)

(1.6

听

1,114

听

179

听

16.1

听

2,607

听

2,236

听

371

听

16.6

Marketing expense

听

404

听

215

听

189

听

87.9

听

403

听

0.2

听

619

听

805

听

(186

)

(23.1

Professional expense

听

619

听

430

听

189

听

44.0

听

440

听

179

听

40.7

听

1,049

听

852

听

197

听

23.1

Other expenses

听

2,181

听

2,426

听

(245

)

(10.1

听

1,972

听

209

听

10.6

听

4,607

听

4,056

听

551

听

13.6

Noninterest expense

听

10,276

听

10,233

听

0.4

听

9,856

听

420

听

4.3

听

20,509

听

19,900

听

609

听

3.1

听

Income before income tax provision

听

6,263

听

6,206

听

0.9

听

7,643

听

(1,380

)

(18.1

听

12,469

听

15,568

听

(3,099

)

(19.9

听

Income tax provision

听

1,868

听

1,753

听

115

听

6.6

听

2,163

听

(295

)

(13.6

听

3,621

听

4,416

听

(795

)

(18.0

听

Net income

4,395

听

4,453

听

(58

)

(1.3

5,480

听

(1,085

)

(19.8

8,848

听

11,152

听

(2,304

)

(20.7

听

Effective tax rate

听

29.83

听

28.25

听

1.58

5.59

听

28.30

听

1.53

5.39

听

29.04

听

28.37

听

0.67

2.38

听

Outstanding number of shares

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

Weighted average shares for basic EPS

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

Weighted average shares for diluted EPS

听

10,593,497

听

10,605,812

听

(12,315

)

(0.1

听

10,588,136

听

5,361

听

0.1

听

10,599,146

听

10,558,688

听

40,458

听

0.4

听

Basic EPS

0.42

听

0.42

听

0.51

听

(0.09

)

(17.6

0.84

听

1.05

听

(0.21

)

-20.0

Diluted EPS

0.41

听

0.42

听

(0.01

)

(2.4

0.51

听

(0.10

)

(19.6

0.83

听

1.05

听

(0.22

)

(21.0

听

Return on average assets

听

0.98

听

0.99

听

(0.01

(1.0

听

1.31

听

(0.33

(25.2

听

0.99

听

1.32

听

(0.33

(25.0

Return on average equity

听

6.76

听

7.01

听

(0.25

(3.6

听

9.06

听

(2.30

(25.4

听

6.89

听

9.31

听

(2.42

(26.0

听

Efficiency ratio鹿

听

59.99

听

60.41

听

(0.42

(0.7

听

55.69

听

4.30

7.7

听

60.20

听

55.17

听

5.03

9.1

Yield on interest-earning assets虏

听

6.28

听

6.25

听

0.03

0.5

听

6.79

听

(0.51

(7.5

听

6.26

听

6.78

听

(0.52

(7.7

Cost of funds

听

3.29

听

3.34

听

(0.05

(1.5

听

3.52

听

(0.23

(6.5

听

3.31

听

3.50

听

(0.19

(5.4

Net interest margin虏

听

3.46

听

3.38

听

0.08

2.4

听

3.77

听

(0.31

(8.2

听

3.42

听

3.77

听

(0.35

(9.3

¹		Represents the ratio of noninterest expense less other real estate owned operations to the sum of net interest income before provision for credit losses and total noninterest income.
²		Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate

BALANCE SHEET, CAPITAL AND OTHER DATA (Unaudited) - Table 2

(Dollars in thousands)

听

June 30,

March 31,

June 30,

2025

Change

2024

Change

ASSETS

Cash and due from banks

11,873

听

12,716

听

(843

)

(6.6

11,667

听

206

听

1.8

Interest-earning deposits at the FRB and other banks

听

235,436

听

249,535

听

(14,099

)

(5.7

听

101,415

听

134,021

听

132.2

Investment securities鹿

听

65,518

听

61,521

听

3,997

听

6.5

听

73,051

听

(7,533

)

(10.3

Loans held-for-sale

听

183,996

听

194,542

听

(10,546

)

(5.4

听

209,144

听

(25,148

)

(12.0

听

Loans held-for-investment

听

1,278,106

听

1,256,063

听

22,043

听

1.8

听

1,228,496

听

49,610

听

4.0

Less: Allowance for credit losses ("ACL")

听

(15,461

)

听

(14,850

)

听

(611

)

(4.1

听

(16,042

)

听

581

听

3.6

Loans held-for-investment, net

听

1,262,645

听

1,241,213

听

21,432

听

1.7

听

1,212,454

听

50,191

听

4.1

听

Other real estate owned ("OREO")

听

2,999

听

3,130

听

(131

)

-4.2

听

2,999

听

100.0

Restricted stock investments

听

11,011

听

11,011

听

11,011

听

Servicing assets

听

6,609

听

6,708

听

(99

)

(1.5

听

7,404

听

(795

)

(10.7

Goodwill

听

2,185

听

2,185

听

2,185

听

Intangible assets

听

195

听

205

听

(10

)

(4.9

听

235

听

(40

)

(17.0

Other assets

听

32,359

听

31,304

听

1,055

听

3.4

听

26,343

听

6,016

听

22.8

Total assets

1,814,826

听

1,814,070

听

756

听

0.0

1,654,909

听

159,917

听

9.7

听

LIABILITIES AND STOCKHOLDERS' EQUITY

Noninterest-bearing

309,160

听

295,857

听

13,303

听

4.5

281,243

听

27,917

听

9.9

Interest-bearing

听

1,215,760

听

1,181,362

听

34,398

听

2.9

听

1,059,146

听

156,614

听

14.8

Total deposits

听

1,524,920

听

1,477,219

听

47,701

听

3.2

听

1,340,389

听

184,531

听

13.8

听

FHLB advances and other borrowing

听

50,000

听

(50,000

)

-100.0

听

50,000

听

(50,000

)

听

Other liabilities

听

27,972

听

28,397

听

(425

)

(1.5

听

19,260

听

8,712

听

45.2

Total liabilities

听

1,552,892

听

1,555,616

听

(2,724

)

(0.2

听

1,409,649

听

143,243

听

10.2

听

Stockholders' Equity

听

261,934

听

258,454

听

3,480

听

1.3

听

245,260

听

16,674

听

6.8

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

1,814,826

听

1,814,070

听

756

听

0.0

1,654,909

听

159,917

听

9.7

听

CAPITAL RATIOS

Leverage ratio

Company

听

14.48

听

14.04

听

0.44

3.1

听

14.51

听

(0.03

(0.2

Bank

听

14.45

听

14.00

听

0.44

3.2

听

14.45

听

(0.00

(0.0

Common equity tier 1 risk-based capital ratio

Company

听

18.98

听

19.10

听

(0.12

(0.6

听

18.36

听

0.62

3.4

Bank

听

18.94

听

19.05

听

18.28

听

0.66

3.6

Tier 1 risk-based capital ratio

Company

听

18.98

听

19.10

听

(0.12

(0.6

听

18.36

听

0.62

3.4

Bank

听

18.94

听

19.05

听

18.28

听

0.66

3.6

Total risk-based capital ratio

Company

听

20.13

听

20.23

听

(0.10

(0.5

听

19.59

听

0.54

2.8

Bank

听

20.09

听

20.18

听

(0.09

(0.4

听

19.50

听

0.58

3.0

Tangible book value per share

24.51

听

24.18

听

0.33

听

1.4

22.94

听

1.57

听

6.8

Loans Held for Investments-to-Deposit ("LHFITD") ratio

听

83.81

听

85.03

听

(1.22

(1.4

听

91.65

听

(7.84

(8.6

Net Loan-to-Deposit ("LTD") ratio

听

94.87

听

97.19

听

(2.32

(2.4

听

106.06

听

(11.19

(10.6

Nonperforming assets

16,699

听

11,675

听

5,024

听

43.0

5,797

听

10,902

听

188.1

Nonperforming assets as a % of loans held-for-investment

听

1.31

听

0.93

听

0.38

40.9

听

0.47

听

0.84

178.7

ACL as a % of loans held-for-investment

听

1.21

听

1.18

听

0.03

2.54

听

1.31

听

(0.10

(7.6

Includes AFS and HTM

FIVE-QUARTER STATEMENT OF INCOME (Unaudited) - Table 3

(Dollars in thousands, except per share amounts)

听

Three Months Ended

June 30,

March 31,

December 31,

September 30,

June 30,

2025

听

2025

听

2024

听

2024

听

2024

听

Interest income

27,392

听

27,467

听

28,769

听

28,380

听

27,755

听

Interest expense

听

12,345

听

12,644

听

13,121

听

12,904

听

12,391

听

Net interest income

听

15,047

听

14,823

听

15,648

听

15,476

听

15,364

听

Provision for credit losses

听

590

听

500

听

(100

)

听

200

听

Net interest income after provision for credit losses

听

14,457

听

14,323

听

15,648

听

15,576

听

15,164

听

Gain on sale of loans

听

900

听

1,021

听

1,013

听

991

听

1,064

听

Gain (loss) on sale of OREO

听

(67

)

听

(92

)

听

SBA servicing fee income, net

听

799

听

691

听

654

听

760

听

768

听

Recovery on impaired servicing liability

听

Service charges and other income

听

450

听

496

听

543

听

465

听

503

听

Noninterest income

听

2,082

听

2,116

听

2,210

听

2,216

听

2,335

听

Salaries and employee benefits

听

5,779

听

5,848

听

5,635

听

5,884

听

5,927

听

Occupancy and equipment

听

1,293

听

1,314

听

1,280

听

1,149

听

1,114

听

Marketing expense

听

404

听

215

听

285

听

423

听

403

听

Professional expense

听

619

听

430

听

329

听

456

听

440

听

Other expenses

听

2,181

听

2,426

听

2,411

听

2,104

听

1,972

听

Noninterest expense

听

10,276

听

10,233

听

9,940

听

10,016

听

9,856

听

Income before income tax expense

听

6,263

听

6,206

听

7,918

听

7,776

听

7,643

听

Income tax expense

听

1,868

听

1,753

听

2,211

听

2,207

听

2,163

听

Net income

4,395

听

4,453

听

5,707

听

5,569

听

5,480

听

Effective tax rate

听

29.8

听

28.3

听

27.9

听

28.4

听

28.3

听

Outstanding number of shares

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

Weighted average shares for basic EPS

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

10,588,136

听

Weighted average shares for diluted EPS

听

10,593,497

听

10,605,812

听

10,598,476

听

10,596,039

听

10,588,136

听

Basic EPS

0.42

听

0.42

听

0.54

听

0.53

听

0.51

听

Diluted EPS

0.41

听

0.42

听

0.54

听

0.53

听

0.51

听

													听
FIVE-QUARTER SALARIES BENEFIT METRICS (Unaudited) - Table 4
(Dollars in thousands)
													听
	At or for the Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2025			2025			2024			2024			2024
													听
Salaries and benefits	$	5,779	听	$	5,848	听	$	5,635	听	$	5,884	听	$	5,927	听
FTE at the end of period	听	163	听	听	166	听	听	168	听	听	178	听	听	172	听
Average FTE during the period	听	166	听	听	169	听	听	166	听	听	173	听	听	171	听
Salaries and benefits/average FTE鹿	$	140	听	$	141	听	$	135	听	$	135	听	$	139	听
Salaries and benefits/average assets鹿	听	1.29	%	听	1.30	%	听	1.25	%	听	1.38	%	听	1.42	%
Noninterest expense/average assets鹿	听	2.30	%	听	2.27	%	听	2.21	%	听	2.35	%	听	2.36	%

Annualized

FIVE-QUARTER BALANCE SHEET (Unaudited) - Table 5

(Dollars in thousands)

听

June 30,

March 31,

December 31,

September 30,

June 30,

2025

2024

ASSETS

Cash and due from banks

11,873

听

12,716

听

10,336

听

14,892

听

11,667

听

Interest-earning deposits at the FRB and other banks

听

235,436

听

249,535

听

266,826

听

241,094

听

101,415

听

Investment securities

听

65,518

听

61,521

听

62,196

听

63,208

听

73,051

听

Loans held-for-sale

听

183,996

听

194,542

听

198,448

听

198,021

听

209,144

听

Loans held-for-investment

听

1,278,106

听

1,256,063

听

1,239,564

听

1,222,865

听

1,228,496

听

Less: Allowance for credit losses

听

(15,461

)

听

(14,850

)

听

(15,959

)

听

(15,948

)

听

(16,042

)

Loans held-for-investment, net

听

1,262,645

听

1,241,213

听

1,223,605

听

1,206,917

听

1,212,454

听

Other real estate owned

听

2,999

听

3,130

听

521

听

521

听

Restricted stock investments

听

11,011

听

11,011

听

11,011

听

11,011

听

11,011

听

Servicing assets

听

6,609

听

6,708

听

6,909

听

7,192

听

7,404

听

Goodwill

听

2,185

听

2,185

听

2,185

听

2,185

听

2,185

听

Intangible assets

听

195

听

205

听

214

听

224

听

235

听

Other assets

听

32,359

听

31,304

听

33,384

听

25,284

听

26,343

听

Total assets

1,814,826

听

1,814,070

听

1,815,635

听

1,770,549

听

1,654,909

听

LIABILITIES AND STOCKHOLDERS' EQUITY

Noninterest-bearing

309,160

听

295,857

听

304,005

听

318,807

听

281,243

听

Interest-bearing

听

1,215,760

听

1,181,362

听

1,176,567

听

1,128,784

听

1,059,146

听

Total deposits

听

1,524,920

听

1,477,219

听

1,480,572

听

1,447,591

听

1,340,389

听

FHLB advances

听

50,000

听

50,000

听

50,000

听

50,000

听

Other liabilities

听

27,972

听

28,397

听

30,096

听

22,415

听

19,260

听

Total liabilities

听

1,552,892

听

1,555,616

听

1,560,668

听

1,520,006

听

1,409,649

听

Stockholders' Equity

听

261,934

听

258,454

听

254,967

听

250,543

听

245,260

听

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

1,814,826

听

1,814,070

听

1,815,635

听

1,770,549

听

1,654,909

听

FIVE-QUARTER LOANS RECEIVABLE COMPONENTS (Unaudited) - Table 6
(Dollars in thousands)
																			听
	June 30, 2025				March 31, 2025				December 31, 2024				September 30, 2024				June 30, 2024
	Balance		%		Balance		%		Balance		%		Balance		%		Balance		%
																			听
Construction	$	33,952	2.7	%	$	31,913	2.5	%	$	27,276	2.2	%	$	29,789	2.4	%	$	33,918	2.8	%
Commercial real estate	听	1,091,180	85.4	%	听	1,061,873	84.5	%	听	1,048,945	84.6	%	听	1,029,768	84.2	%	听	1,035,425	84.3	%
Commercial and industrial	听	108,461	8.5	%	听	112,369	9.0	%	听	114,435	9.2	%	听	112,588	9.2	%	听	108,742	8.9	%
Home mortgage	听	36,673	2.9	%	听	41,944	3.3	%	听	43,676	3.5	%	听	45,673	3.7	%	听	44,987	3.7	%
Consumer	听	3,527	0.3	%	听	3,477	0.3	%	听	552	0.0	%	听	537	0.0	%	听	782	0.1	%
Gross loans held-for-investment	听	1,273,793	99.7	%	听	1,251,576	99.6	%	听	1,234,884	99.6	%	听	1,218,355	99.6	%	听	1,223,854	99.6	%
																			听
Deferred loan fees/costs, net	听	4,313	0.3	%	听	4,487	0.4	%	听	4,680	0.4	%	听	4,510	0.4	%	听	4,642	0.4	%
Loans held-for-investment	$	1,278,106	100.0	%	$	1,256,063	100.0	%	$	1,239,564	100.0	%	$	1,222,865	100.0	%	$	1,228,496	100.0	%
																			听
Loans held-for-sale	$	183,996			$	194,542			$	198,448			$	198,021			$	209,144
Total loans receivable	$	1,462,102			$	1,450,605			$	1,438,012			$	1,420,886			$	1,437,640

FIVE-QUARTER SBA LOAN PRODUCTIONS/SALES DATA (Unaudited) - Table 7
(Dollars in thousands)
																			听
	Three Months Ended															Six Months Ended
	June 30			March 31,			December 31,			September 30,			June 30,			June 30			June 30
	2025			2025			2024			2024			2024			2025			2024
																			听
SBA loans held-for-sale at beginning of the quarter/year	$	194,542	听	$	198,448	听	$	198,021	听	$	209,144	听	$	198,167	听	$	198,448	听	$	218,258	听
SBA loans originated/transferred from/to held-for-
investment during the quarter/year	听	20,135	听	听	23,778	听	听	22,172	听	听	13,169	听	听	34,366	听	听	43,913	听	听	48,955	听
SBA loans sold during the quarter/year	听	(17,580	)	听	(19,753	)	听	(17,215	)	听	(20,152	)	听	(19,508	)	听	(37,333	)	听	(47,672	)
SBA loans principal paydown/payoff, net of advance	听	(13,101	)	听	(7,931	)	听	(4,530	)	听	(4,140	)	听	(3,881	)	听	(21,032	)	听	(10,397	)
SBA loans held-for-sale at end of the quarter/year	$	183,996	听	$	194,542	听	$	198,448	听	$	198,021	听	$	209,144	听	$	183,996	听	$	209,144	听
																			听
Gain on sale of SBA loans	$	900	听	$	1,021	听	$	1,013	听	$	991	听	$	1,064	听	$	1,921	听	$	2,553	听
Premium on sale (weighted average)	听	8.1	%	听	8.1	%	听	9.2	%	听	7.5	%	听	6.8	%	听	8.1	%	听	8.4	%
																			听
SBA loan production	$	28,860	听	$	32,034	听	$	39,741	听	$	23,227	听	$	45,126	听	$	60,894	听	$	63,215	听

FIVE QUARTER SBA SERVICING ASSETS AND SERVICING FEES (Unaudited) - Table 8

(Dollars in thousands)

听

Three Months Ended

Six Months Ended

June 30,

March 31,

December 31,

September 30,

June 30,

2025

2024

2025

2024

听

SBA servicing assets @ beginning of the quarter/year

6,708

听

6,909

听

7,192

听

7,404

听

7,560

听

6,909

听

7,673

听

Newly added SBA servicing assets from SBA loans sold

听

355

听

361

听

355

听

377

听

395

听

716

听

950

听

Regular quarterly/annual servicing assets amortization

听

(299

)

听

(305

)

听

(315

)

听

(332

)

听

(335

)

听

(604

)

听

(667

)

SBA servicing assets amortized from SBA loans paid off/charged off

听

(155

)

听

(257

)

听

(323

)

听

(257

)

听

(216

)

听

(412

)

听

(552

)

听

Subtotal before impairment

听

6,609

听

6,708

听

6,909

听

7,192

听

7,404

听

6,609

听

7,404

听

Reversal of valuation allowance on servicing assets

听

SBA servicing assets @ the end of the quarter/year

6,609

听

6,708

听

6,909

听

7,192

听

7,404

听

6,609

听

7,404

听

FIVE-QUARTER DEPOSIT COMPONENTS (Unaudited) - Table 9
(Dollars in thousands)
													听
	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
	Balance		%	Balance		%	Balance		%	Balance		%	Balance		%
															听
Noninterest-bearing demand	$	309,160	20.3%	$	295,857	20.0%	$	304,005	20.5%	$	318,807	22.0%	$	281,243	21.0%
Interest-bearing demand	听	10,698	0.7%	听	6,588	0.5%	听	7,541	0.5%	听	6,590	0.5%	听	7,901	0.6%
NOW & MMDA	听	274,578	18.0%	听	257,474	17.4%	听	269,475	18.2%	听	246,157	17.0%	听	240,951	18.0%
Savings	听	85,609	5.6%	听	81,425	5.5%	听	84,727	5.7%	听	78,356	5.4%	听	80,360	6.0%
TCDs of $250K and under	听	319,209	20.9%	听	315,312	21.3%	听	324,041	21.9%	听	310,134	21.4%	听	295,109	22.0%
TCDs of $250K over	听	403,676	26.5%	听	377,486	25.6%	听	345,045	23.3%	听	342,301	23.7%	听	314,119	23.4%
Wholesale deposits	听	121,990	8.0%	听	143,077	9.7%	听	145,738	9.9%	听	145,246	10.0%	听	120,706	9.0%
Total Deposits	$	1,524,920	100.0%	$	1,477,219	100.0%	$	1,480,572	100.0%	$	1,447,591	100.0%	$	1,340,389	100.0%
															听
Recap:
Noninterest-bearing demand	$	309,160	20.3%	$	295,857	20.0%	$	304,005	20.5%	$	318,807	22.0%	$	281,243	21.0%
Interest-bearing demand	听	10,698	0.7%	听	6,588	0.5%	听	7,541	0.5%	听	6,590	0.5%	听	7,901	0.6%
NOW & MMDA	听	274,578	18.0%	听	257,474	17.4%	听	269,475	18.2%	听	246,157	17.0%	听	240,951	18.0%
Savings	听	85,609	5.6%	听	81,425	5.5%	听	84,727	5.7%	听	78,356	5.4%	听	80,360	6.0%
TCDs of $250K and under	听	319,209	20.9%	听	315,312	21.3%	听	324,041	21.9%	听	310,134	21.4%	听	295,109	22.0%
Core Deposits	听	999,254	65.5%	听	956,656	64.7%	听	989,789	66.8%	听	960,044	66.3%	听	881,952	67.6%
															听
TCDs of $250K over	听	403,676	26.5%	听	377,486	25.6%	听	345,045	23.3%	听	342,301	23.7%	听	314,119	23.4%
Nonreciprocal ICS MMDA	听	-	-	听	-	-	听	-	-	听	-	-	听	-	-
Wholesale deposits	听	121,990	8.0%	听	143,077	9.7%	听	145,738	9.9%	听	145,246	10.0%	听	120,706	9.0%
Noncore Deposits	听	525,666	34.5%	听	520,563	35.3%	听	490,783	33.1%	听	487,547	33.7%	听	434,825	32.4%
Total Deposits	$	1,524,920	100.0%	$	1,477,219	100.0%	$	1,480,572	100.0%	$	1,447,591	100.0%	$	1,340,389	100.0%

FIVE-QUARTER SELECTED LOAN AND ASSET QUALITY HIGHLIGHTS (Unaudited) - Table 10
(Dollars in thousands)
听
听	2nd Qtr.			1st Qtr.			4th Qtr.			3rd Qtr.			2nd Qtr.
听	2025			2025			2024			2024			2024
Allowance for Credit Losses
Balance at beginning of period	$	14,850	听	$	15,959	听	$	15,948	听	$	16,042	听	$	16,048	听
Provision for credit losses	听	590	听	听	430	听	听	-	听	听	-	听	听	200	听
Charge-offs	听	(143	)	听	(1,567	)	听	-	听	听	(108	)	听	(257	)
Recoveries	听	164	听	听	28	听	听	11	听	听	14	听	听	51	听
Balance at the end of period	$	15,461	听	$	14,850	听	$	15,959	听	$	15,948	听	$	16,042	听
听
Nonperforming Assets:鹿
Over 90 days still accruing	$	1,487	听	$	-	听	$	1,819	听	$	994	听	$	-	听
Nonaccrual loans	听	12,213	听	听	8,545	听	听	9,711	听	听	7,043	听	听	5,797	听
Total nonperforming loans	听	13,700	听	听	8,545	听	听	11,530	听	听	8,037	听	听	5,797	听
听
Other real estate owned	$	2,999	听	听	3,130	听	听	521	听	听	521	听	听	-	听
Total nonperforming assets	$	16,699	听	$	11,675	听	$	12,051	听	$	8,558	听	$	5,797	听
听
Classified Assets:鹿
Substandard	$	30,442	听	$	20,827	听	$	22,077	听	$	15,980	听	$	12,762	听
Doubtful	听	-	听	听	-	听	听	-	听	听	-	听	听	-	听
Loss
Total classified loans	$	30,442	听	$	20,827	听	$	22,077	听	$	15,980	听	$	12,762	听
听
Other real estate owned	$	2,999	听	听	3,130	听	听	521	听	听	521	听	听	-	听
Total classified assets	$	33,441	听	$	23,957	听	$	22,598	听	$	16,501	听	$	12,762	听
听
Performing modified loans:鹿	$	160	听	$	635	听	$	649	听	$	452	听	$	464	听
听
Delinquent Loans:鹿
Loans 30-89 days past due	$	11,548	听	$	19,010	听	$	7,614	听	$	4,308	听	$	8,613	听
90 days or more past due and still accruing	听	1,487	听	听	-	听	听	1,819	听	听	994	听	听	-	听
Nonaccrual	听	12,213	听	听	8,545	听	听	9,711	听	听	7,043	听	听	5,797	听
Total delinquent loans	$	25,248	听	$	27,555	听	$	19,144	听	$	12,345	听	$	14,410	听
听
Asset Quality Ratios:
Net (recoveries) charge-offs to average loans虏	听	(0.01	%)	听	0.43	%	听	0.00	%	听	0.03	%	听	0.06	%
Nonaccrual loans to loans held-for-investment	听	0.96	%	听	0.68	%	听	0.78	%	听	0.58	%	听	0.47	%
Nonperforming loans to loans held-for-investment	听	1.07	%	听	0.68	%	听	0.93	%	听	0.66	%	听	0.47	%
Nonperforming assets to total assets	听	0.92	%	听	0.64	%	听	0.66	%	听	0.48	%	听	0.35	%
Classified loans to loans held-for-investment	听	2.38	%	听	1.66	%	听	1.78	%	听	1.31	%	听	1.04	%
Classified loans to Tier 1 and ACL	听	11.07	%	听	7.69	%	听	8.22	%	听	6.05	%	听	4.93	%
Classified assets to total assets	听	1.84	%	听	1.32	%	听	1.24	%	听	0.93	%	听	0.77	%
Classified assets to Tier 1 and ACL	听	12.16	%	听	8.84	%	听	8.42	%	听	6.25	%	听	4.93	%
ACL to loans held-for-investment	听	1.21	%	听	1.18	%	听	1.29	%	听	1.30	%	听	1.31	%
ACL to nonaccrual loans	听	126.59	%	听	173.79	%	听	164.34	%	听	226.44	%	听	276.73	%
ACL to nonperforming loans	听	112.85	%	听	173.79	%	听	138.41	%	听	198.43	%	听	276.73	%
ACL to nonperforming assets	听	92.59	%	听	127.19	%	听	132.43	%	听	186.35	%	听	276.73	%
Texas ratio 鲁	听	6.07	%	听	4.31	%	听	4.49	%	听	3.24	%	听	2.24	%

¹		Net of SBA guaranteed balance
²		Includes loans held-for-sale
³		Nonperforming assets divided by tangible common equity and ACL

FIVE-QUARTER CAPITAL RATIOS (Unaudited) - Table 11
	听	听
	Well Capitalized Regulatory Requirement	Adequately Capitalized BASEL III Fully Phased In	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
	听	听
Leverage ratio	听	听
Company	N/A	N/A	听	14.48	%	听	14.04	%	听	14.12	%	听	14.64	%	听	14.51	%
Bank	5.00%	4.00%	听	14.45	%	听	14.00	%	听	14.07	%	听	14.58	%	听	14.45	%
Common equity tier 1 risk-based capital ratio	听	听
Company	N/A	N/A	听	18.98	%	听	19.10	%	听	19.02	%	听	19.03	%	听	18.36	%
Bank	6.50%	7.00%	听	18.94	%	听	19.05	%	听	18.95	%	听	18.95	%	听	18.28	%
Tier 1 risk-based capital ratio	听	听
Company	N/A	N/A	听	18.98	%	听	19.10	%	听	19.02	%	听	19.03	%	听	18.36	%
Bank	8.00%	8.50%	听	18.94	%	听	19.05	%	听	18.95	%	听	18.95	%	听	18.28	%
Total risk-based capital ratio	听	听
Company	N/A	N/A	听	20.13	%	听	20.23	%	听	20.23	%	听	20.26	%	听	19.59	%
Bank	10.00%	10.50%	听	20.09	%	听	20.18	%	听	20.16	%	听	20.18	%	听	19.50	%
	听	听
Tangible common equity/total assets	听	听	听	14.32	%	听	14.13	%	听	13.93	%	听	14.03	%	听	14.70	%
Tangible common equity per share	听	听	$	24.51	听	$	24.18	听	$	23.85	听	$	23.44	听	$	22.94	听

FIVE-QUARTER MARGIN ANALYSIS (Unaudited) -Table 12
(Dollars in thousands)
																																		听
	Three Months Ended
	June 30, 2025							March 31, 2025							December 31, 2024							September 30, 2024							June 30, 2024
	Avg Balance			Interest		Yield		Avg Balance			Interest		Yield		Avg Balance			Interest		Yield		Avg Balance			Interest		Yield		Avg Balance			Interest		Yield
Number of Days in the Period
INTEREST-EARNING ASSETS
Loans Receivable鹿	$	1,461,584	听	$	24,171	6.63	%	$	1,437,846	听	$	23,618	6.66	%	$	1,432,216	听	$	24,863	6.91	%	$	1,427,123	听	$	25,357	7.07	%	$	1,418,458	听	$	24,887	7.06	%
Investment securities 虏	听	64,990	听	听	686	4.23	%	听	61,930	听	听	667	4.37	%	听	62,714	听	听	696	4.42	%	听	68,198	听	听	734	4.28	%	听	70,052	听	听	723	4.15	%
Interest-earning deposits at the FRB and other banks	听	214,514	听	听	2,383	4.46	%	听	275,512	听	听	3,029	4.46	%	听	253,524	听	听	3,048	4.78	%	听	158,127	听	听	2,139	5.38	%	听	146,956	听	听	1,995	5.46	%
Other earning assets	听	11,011	听	听	200	7.29	%	听	11,011	听	听	203	7.48	%	听	11,011	听	听	211	7.62	%	听	11,011	听	听	200	7.23	%	听	11,011	听	听	200	7.31	%
Total interest-earning assets 虏	听	1,752,099	听	听	27,440	6.28	%	听	1,786,299	听	听	27,517	6.25	%	听	1,759,465	听	听	28,818	6.52	%	听	1,664,459	听	听	28,430	6.80	%	听	1,646,477	听	听	27,805	6.79	%
																																		听
NONINTEREST-EARNING ASSETS
Cash and due from banks	听	11,512	听					听	12,060	听					听	12,349	听					听	12,527	听					听	12,907	听
Other noninterest-earning assets	听	44,078	听					听	41,549	听					听	35,479	听					听	34,395	听					听	33,263	听
Total noninterest-earning assets	听	55,590	听					听	53,609	听					听	47,828	听					听	46,922	听					听	46,170	听
																																		听
Less: Allowance for credit losses	听	(14,899	)					听	(15,569	)					听	(15,953	)					听	(16,024	)					听	(16,058	)
																																		听
TOTAL ASSETS	$	1,792,790	听					$	1,824,339	听					$	1,791,340	听					$	1,695,357	听					$	1,676,589	听
																																		听
INTEREST-BEARING DEPOSITS
Interest-bearing demand	$	9,957	听	$	5	0.20	%	$	9,622	听	$	5	0.20	%	$	11,147	听	$	6	0.20	%	$	11,007	听	$	6	0.20	%	$	11,864	听	$	6	0.20	%
Money market	听	263,197	听	听	2,540	3.87	%	听	265,687	听	听	2,555	3.90	%	听	244,258	听	听	2,508	4.08	%	听	236,834	听	听	2,555	4.29	%	听	230,261	听	听	2,272	3.97	%
Savings	听	83,261	听	听	633	3.05	%	听	83,978	听	听	638	3.08	%	听	81,423	听	听	661	3.23	%	听	79,289	听	听	689	3.46	%	听	82,215	听	听	700	3.42	%
Time deposits	听	847,092	听	听	9,159	4.34	%	听	830,672	听	听	9,331	4.56	%	听	815,866	听	听	9,828	4.79	%	听	767,607	听	听	9,536	4.94	%	听	759,954	听	听	9,296	4.92	%
Total interest-bearing deposits	听	1,203,507	听	听	12,337	4.11	%	听	1,189,959	听	听	12,529	4.27	%	听	1,152,694	听	听	13,003	4.49	%	听	1,094,737	听	听	12,786	4.65	%	听	1,084,294	听	听	12,274	4.55	%
																																		听
Borrowings	听	4,122	听	听	8	0.78	%	听	48,889	听	听	115	0.95	%	听	50,001	听	听	118	0.94	%	听	50,000	听	听	118	0.94	%	听	50,013	听	听	117	0.94	%
Total interest-bearing liabilities	听	1,207,629	听	听	12,345	4.10	%	听	1,238,848	听	听	12,644	4.14	%	听	1,202,695	听	听	13,121	4.34	%	听	1,144,737	听	听	12,904	4.48	%	听	1,134,307	听	听	12,391	4.39	%
																																		听
Noninterest-bearing deposits	听	296,496	听					听	298,579	听					听	309,662	听					听	280,670	听					听	279,765	听
Other liabilities	听	28,026	听					听	29,428	听					听	26,090	听					听	21,376	听					听	19,287	听
																																		听
Stockholders' equity	听	260,639	听					听	257,484	听					听	252,893	听					听	248,574	听					听	243,230	听
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY	$	1,792,790	听					$	1,824,339	听					$	1,791,340	听					$	1,695,357	听					$	1,676,589	听
																																		听
Net interest income虏				$	15,095						$	14,873						$	15,697						$	15,526						$	15,414
																																		听
Net interest spread						2.18	%						2.11	%						2.18	%						2.32	%						2.40	%
																																		听
Effect of noninterest-bearing sources						1.28	%						1.27	%						1.37	%						1.39	%						1.37	%
																																		听
Net interest margin虏						3.46	%						3.38	%						3.55	%						3.71	%						3.77	%
																																		听
																																		听
Cost of deposits	$	1,500,003	听	$	12,337	3.30	%	$	1,488,538	听	$	12,529	3.41	%	$	1,462,356	听	$	13,003	3.54	%	$	1,375,407	听	$	12,786	3.70	%	$	1,364,059	听	$	12,274	3.62	%
																																		听
Cost of funds	$	1,504,125	听	$	12,345	3.29	%	$	1,537,427	听	$	12,644	3.34	%	$	1,512,357	听	$	13,121	3.45	%	$	1,425,407	听	$	12,904	3.60	%	$	1,414,072	听	$	12,391	3.52	%

¹		Loan held-for-investment, plus loans held-for-sale
²		Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate

FIVE-QUARTER COMPONENTS OF YIELD ON LOANS (Unaudited) - Table 13
(Dollars in thousands)
																								听
	Three Months Ended
	June 30, 2025					March 31,2025					December 31, 2024					September 30, 2024					June 30,2024
	Amount			Yield		Amount			Yield		Amount			Yield		Amount			Yield		Amount			Yield
																								听
Contractual yield	$	23,731	听	6.51	%	$	22,866	听	6.45	%	$	24,036	听	6.68	%	$	24,544	听	6.84	%	$	24,271	听	6.88	%
SBA discount accretion	听	588	听	0.16	%	听	781	听	0.22	%	听	818	听	0.23	%	听	806	听	0.23	%	听	736	听	0.21	%
Prepayment penalties and late fees	听	53	听	0.01	%	听	136	听	0.04	%	听	64	听	0.02	%	听	184	听	0.05	%	听	36	听	0.01	%
Amortization of net deferred costs	听	(201	)	-0.05	%	听	(165	)	-0.05	%	听	(55	)	-0.02	%	听	(177	)	-0.05	%	听	(156	)	-0.04	%
As reported yield on loans	$	24,171	听	6.63	%	$	23,618	听	6.66	%	$	24,863	听	6.91	%	$	25,357	听	7.07	%	$	24,887	听	7.06	%

MARGIN ANALYSIS (Unaudited) - Table 14

(Dollars in thousands)

听

Six Months Ended

June 30, 2025

June 30,2024

Avg Balance

Interest

Yield

Avg Balance

Interest

Yield

Number of Days in the Period

INTEREST-EARNING ASSETS

Loans Receivable 鹿

1,449,780

听

47,789

6.65

1,417,191

听

49,793

7.07

Investment securities 虏

听

63,469

听

1,353

4.30

听

64,803

听

1,298

4.03

Interest-earning deposits at the FRB and other banks

听

244,844

听

5,412

4.46

听

177,056

听

4,812

5.47

Other earning assets

听

11,011

听

403

7.38

听

11,011

听

414

7.56

Total interest-earning assets 虏

听

1,769,104

听

54,957

6.26

听

1,670,061

听

56,317

6.78

听

NONINTEREST-EARNING ASSETS

Cash and due from banks

听

11,784

听

12,540

听

Other noninterest-earning assets

听

42,701

听

32,122

听

Total noninterest-earning assets

听

54,485

听

44,662

听

Less: Allowance for credit losses

听

(15,232

)

听

(15,690

)

听

TOTAL ASSETS

1,808,357

听

1,699,033

听

INTEREST-BEARING DEPOSITS

Interest-bearing demand

9,790

听

0.20

12,271

听

0.20

Money market

听

264,435

听

5,095

3.89

听

229,851

听

4,557

3.99

Savings

听

83,618

听

1,271

3.07

听

83,534

听

1,424

3.43

Time deposits

听

838,927

听

18,490

4.44

听

780,539

听

18,819

4.85

Total interest-bearing deposits

听

1,196,770

听

24,866

4.19

听

1,106,195

听

24,812

4.51

听

Borrowings

听

26,382

听

123

0.94

听

50,007

听

234

0.94

Total interest-bearing liabilities

听

1,223,152

听

24,989

4.12

听

1,156,202

听

25,046

4.36

听

Noninterest-bearing deposits

听

297,532

听

282,316

听

Other liabilities

听

28,603

听

19,707

听

Stockholders' equity

听

259,070

听

240,808

听

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

1,808,357

听

1,699,033

听

Net interest income虏

29,968

31,271

听

Net interest spread

2.14

2.42

听

Effect of noninterest-bearing sources

1.28

1.35

听

Net interest margin虏

3.42

3.77

听

Cost of deposits

1,494,302

听

24,866

3.36

1,388,511

听

24,812

3.59

听

Cost of funds

1,520,684

听

24,989

3.31

1,438,518

听

25,046

3.50

¹		Loan held-for-investment, plus loans held-for-sale
²		Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate

COMPONENTS OF YIELD ON LOANS (Unaudited) - Table 15
(Dollars in thousands)
									听
	Six Months Ended
	June 30, 2025					June 30, 2024
	Amount			Yield		Amount			Yield
									听
Contractual yield	$	46,597	听	6.48	%	$	48,409	听	6.87	%
SBA discount accretion	听	1,369	听	0.19	%	听	1,662	听	0.24	%
Prepayment penalties and late fees	听	189	听	0.03	%	听	103	听	0.01	%
Amortization of net deferred costs	听	(366	)	-0.05	%	听	(381	)	-0.05	%
As reported yield on loans	$	47,789	听	6.65	%	$	49,793	听	7.07	%

听

View source version on businesswire.com:

Alex Ko, EVP & CFO

(213) 296-5737

[email protected]

Source: CBB Bancorp, Inc.

AG真人官方

CBB Bancorp, Inc. Reports Second Quarter 2025 Financial Results

OTC:CBBI

CBBI Rankings

CBBI Latest News

CBBI Stock Data

CBB Bancorp, Inc. Reports Second Quarter 2025 Financial Results

OTC:CBBI

CBBI Rankings

CBBI Latest News

CBBI Stock Data

Related Articles