Mission Valley Bancorp Reports Second Quarter Results
Mission Valley Bancorp (OTCQX: MVLY) reported Q2 2025 net income of $1.2 million ($0.37 per diluted share), down from $2.0 million ($0.60 per diluted share) in Q2 2024. Net interest income increased 11.94% to $7.5 million, with a net interest margin of 4.38%. Total assets grew 9.35% to $740.6 million, while gross loans increased 8.76% to $594.9 million.
The bank's asset quality showed mixed signals with non-accrual loans rising to $12.1 million from $5.3 million, while maintaining strong capital ratios with a Common Equity Tier 1 ratio of 9.94%. The company announced plans to open its fourth full-service branch in Arcadia, California, expected in late Q3 or early Q4 2025.
Mission Valley Bancorp (OTCQX: MVLY) ha riportato un utile netto di 1,2 milioni di dollari nel secondo trimestre del 2025 (0,37 dollari per azione diluita), in calo rispetto ai 2,0 milioni di dollari (0,60 dollari per azione diluita) registrati nel secondo trimestre del 2024. Il reddito netto da interessi 猫 aumentato del 11,94% raggiungendo 7,5 milioni di dollari, con un margine netto da interessi del 4,38%. Gli attivi totali sono cresciuti del 9,35% arrivando a 740,6 milioni di dollari, mentre i prestiti lordi sono aumentati dell'8,76% a 594,9 milioni di dollari.
La qualit脿 degli attivi della banca ha mostrato segnali contrastanti, con i prestiti non in accantonamento che sono saliti a 12,1 milioni di dollari da 5,3 milioni, pur mantenendo solidi indici patrimoniali, con un Common Equity Tier 1 ratio del 9,94%. La societ脿 ha annunciato l'intenzione di aprire la sua quarta filiale a servizio completo ad Arcadia, California, prevista per la fine del terzo trimestre o l'inizio del quarto trimestre del 2025.
Mission Valley Bancorp (OTCQX: MVLY) report贸 un ingreso neto de 1,2 millones de d贸lares en el segundo trimestre de 2025 (0,37 d贸lares por acci贸n diluida), una disminuci贸n respecto a los 2,0 millones de d贸lares (0,60 d贸lares por acci贸n diluida) del segundo trimestre de 2024. Los ingresos netos por intereses aumentaron un 11,94% hasta 7,5 millones de d贸lares, con un margen neto de inter茅s del 4,38%. Los activos totales crecieron un 9,35% alcanzando los 740,6 millones de d贸lares, mientras que los pr茅stamos brutos aumentaron un 8,76% hasta 594,9 millones de d贸lares.
La calidad de los activos del banco mostr贸 se帽ales mixtas, con pr茅stamos en mora que subieron a 12,1 millones de d贸lares desde 5,3 millones, manteniendo sin embargo s贸lidos 铆ndices de capital con una ratio de Common Equity Tier 1 del 9,94%. La compa帽铆a anunci贸 planes para abrir su cuarta sucursal de servicio completo en Arcadia, California, prevista para finales del tercer trimestre o principios del cuarto trimestre de 2025.
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Mission Valley Bancorp (OTCQX : MVLY) a annonc茅 un b茅n茅fice net de 1,2 million de dollars au deuxi猫me trimestre 2025 (0,37 dollar par action dilu茅e), en baisse par rapport 脿 2,0 millions de dollars (0,60 dollar par action dilu茅e) au deuxi猫me trimestre 2024. Le revenu net d鈥檌nt茅r锚ts a augment茅 de 11,94% pour atteindre 7,5 millions de dollars, avec une marge nette d鈥檌nt茅r锚t de 4,38 %. Les actifs totaux ont progress茅 de 9,35% 脿 740,6 millions de dollars, tandis que les pr锚ts bruts ont augment茅 de 8,76 % pour atteindre 594,9 millions de dollars.
La qualit茅 des actifs de la banque a montr茅 des signaux mitig茅s, les pr锚ts non productifs passant de 5,3 millions 脿 12,1 millions de dollars, tout en maintenant des ratios de capital solides avec un ratio Common Equity Tier 1 de 9,94 %. La soci茅t茅 a annonc茅 son projet d鈥檕uvrir sa quatri猫me agence 脿 service complet 脿 Arcadia, en Californie, pr茅vue pour la fin du troisi猫me trimestre ou le d茅but du quatri猫me trimestre 2025.
Mission Valley Bancorp (OTCQX: MVLY) meldete f眉r das zweite Quartal 2025 einen Nettogewinn von 1,2 Millionen US-Dollar (0,37 US-Dollar je verw盲sserte Aktie), was einen R眉ckgang gegen眉ber 2,0 Millionen US-Dollar (0,60 US-Dollar je verw盲sserte Aktie) im zweiten Quartal 2024 darstellt. Das Nettozinseinkommen stieg um 11,94% auf 7,5 Millionen US-Dollar, bei einer Nettozinsmarge von 4,38%. Die Gesamtaktiva wuchsen um 9,35% auf 740,6 Millionen US-Dollar, w盲hrend die Bruttokredite um 8,76% auf 594,9 Millionen US-Dollar zunahmen.
Die Verm枚gensqualit盲t der Bank zeigte gemischte Signale, da notleidende Kredite von 5,3 Millionen US-Dollar auf 12,1 Millionen US-Dollar anstiegen, w盲hrend solide Kapitalquoten mit einer Common Equity Tier 1 Ratio von 9,94% beibehalten wurden. Das Unternehmen k眉ndigte Pl盲ne an, seine vierte vollwertige Filiale in Arcadia, Kalifornien, zu er枚ffnen, die f眉r Ende des dritten oder Anfang des vierten Quartals 2025 erwartet wird.
- Net interest income increased 11.94% year-over-year to $7.5 million
- Total assets grew 9.35% to $740.6 million since December 2024
- Total deposits increased 8.72% to $599.4 million since December 2024
- Brokered deposits decreased significantly by 42.40% to $34.5 million
- Strong capital position with Common Equity Tier 1 Capital Ratio of 9.94%
- Net income declined 40% year-over-year to $1.2 million in Q2 2025
- Non-accrual loans increased significantly to $12.1 million from $5.3 million
- SBA loan sales decreased with lower gains ($0.7M vs $1.1M year-over-year)
- Net charge-offs of $35,000 compared to net recoveries in Q2 2024
- Available borrowing capacity decreased 17.82% to $171.5 million
Tamara Gurney, President and Chief Executive Officer, commented, "Some highlights of the quarter include the core deposit growth from the core deposit initiatives that we began last year along with the momentum generated in the first quarter, and the
Ms. Gurney continued, "We also recently executed a lease in
Second Quarter 2025 Highlights
- Net Income of
$1.2 million $0.37 - Net Interest Income was
$7.5 million $0.8 million 11.94% , compared to the second quarter of 2024. - Net Interest Margin of
4.38% for the second quarter of 2025 compared to4.32% for the second quarter of 2024. - Non-Interest Income was
$2.2 million $0.7 million 24.14% , compared to the second quarter of 2024. $14.3 million $0.7 million $21.7 million $1.1 million - Change in the fair value of SBA servicing assets resulted in a loss of
$0.5 million $0.1 million - Cash dividend of
$0.15 $0.5 million
Balance Sheet Highlights
- Total Assets were
$740.6 million $63.3 million 9.35% , compared to December 31, 2024. - Gross Loans were
$594.9 million $47.9 million 8.76% , compared to December 31, 2024. - Total Deposits were
$599.4 million $48.1 million 8.72% , compared to December 31, 2024. Brokered Deposits were$34.5 million $25.4 million 42.40% , compared to December 31, 2024.
Asset Quality
$35 thousand $12 thousand $4.9 million $5.3 million $29.8 million $26.4 million $12.1 million $5.3 million - The Allowance for Credit Losses was
$8.3 million 1.39% of Gross Loans, as of June 30, 2025, compared to$8.1 million 1.48% of Gross Loans, as of December 31, 2024.
Capital and Liquidity
- Capital position remains strong, which is reflected by Common Equity Tier 1 Capital Ratio of
9.94% , Tier 1 Capital ratio of10.85% , Total Risk Based Capital Ratio of12.10% , and Leverage Ratio of9.79% . - Available borrowing capacity of
$171.5 million $37.2 million 17.82% , compared to December 31, 2024. - Unpledged available-for-sale investment securities of
$45.7 million
About Mission Valley Bancorp
Mission Valley Bancorp is a bank holding company headquartered in
Forward-looking statements:
Certain matters discussed in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current management expectations and, therefore, are subject to certain risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. Forward-looking statements are effective only as of the date that they are made and the Company assumes no obligation to update this information..
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SOURCE Mission Valley Bancorp
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