- Chino Commercial Bancorp (OTC: CCBC) reported net earnings of $1.35 million in Q1 2025, an 8.7% increase from the previous year.
- Total assets reached a record $471.3 million, with a net interest margin improvement to 3.51%.
- The company plans to open its fifth branch in Corona and expand credit card processing services.
Chino Commercial Bancorp (CCBC, Financial) has announced positive financial results for the first quarter of 2025, posting net earnings of $1.35 million. This marks an impressive 8.7% increase compared to the same period last year, with earnings per share rising to $0.41 from $0.38 in Q1 2024.
The bank continues to perform strongly with total assets climbing to $471.3 million, total deposits increasing to $367.3 million, and loans reaching $208.2 million. CCBC's net interest margin significantly improved to 3.51%, up from 2.86% year-over-year. Core deposits represented a substantial 96.85% of total deposits, and no delinquent loans were reported, maintaining loan quality.
Looking ahead, CCBC is poised for further expansion with plans to open its fifth branch office in Corona during the second quarter of 2025. The bank is also enhancing its service offerings with the launch of credit card processing services, which have already become a valuable source of non-interest income, contributing to a 10.6% increase to $855.6K in non-interest income.
Additionally, CCBC witnessed a rise in service charges and fees by 15.1% to $506.4K, and merchant services processing revenue showed a 6.4% increase compared to the same period last year.
This robust performance positions Chino Commercial Bancorp as a resilient player in the regional banking sector, with strategic initiatives set to drive further growth in 2025 and beyond.
