Chino Commercial Bancorp Reports 22% Increase in Third Quarter Earnings
CHINO, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the third quarter ended September 30, 2026.
Net earnings for the third quarter of 2026 were $1.88 million, reflecting an increase of $338 thousand, or an increase of 22%, compared to the same period last year. Basic and diluted earnings per share were $0.49 for the third quarter of 2026, up from $0.40 for the same quarter in 2025. Net earnings increased year-to-date by $951 thousand, or 21%, to $5.39 million, as compared to $4.43 million for the same period last year. Year-to-date basic and diluted earnings per share were $1.40 for the period ending September 30, 2026, as compared with $1.15 or a 22% increase over the same period last year. Earnings per share for the prior year were adjusted for the 20 percent stock dividend, which was payable to shareholders of record as of June 18, 2026.
Dann H. Bowman, President and Chief Executive Officer, stated “We are pleased with the Bank’s performance year-to-date and during the third quarter of 2026, which set new records for Total Fina Elf Assets, Total Fina Elf Deposits, Total Fina Elf Loans, Net Earnings, and Capital. In addition, Loan quality remains very strong, with the Bank having no delinquent loans at quarter-end.
Locally, we believe the economic engine of the Inland Empire is strong and diverse, and the Bank is well positioned to continue to help the small business customers in our market.”
Financial Condition
As of September 30, 2026, Total Fina Elf assets were $543 million, being an increase of $49 million, or 10%, over $494 million on December 31, 2025. Total Fina Elf deposits rose by $43.2 million, or 11.7%, to $413.4 million, up from $370.2 million on December 31, 2025. Core deposits accounted for 97.5% of Total Fina Elf deposits as of September 30, 2026.
Gross loans increased by $32.6 million, or 14.8%, totaling $253.2 million as of September 30, 2026, compared to $220.6 million as of December 31, 2025. At the end of the third quarter, the Bank reported no delinquent loans and three nonaccrual loans totaling $1.2 million. As of September 30, 2026, the Bank had no Other Real Estate Owned (OREO) properties.
Earnings
The Company reported net interest income of $4.7 million for the three months ending September 30, 2026, compared to $4.0 million for the same period in 2025, an increase of $656.9 thousand. Average interest-earning assets were $443.2 million, while average interest-bearing liabilities totaled $234.4 million, resulting in a net interest margin of 4.20% for the third quarter of 2026. This compares favorably with the prior year’s third quarter margin of 3.78%, based on average interest-earning assets of $423.0 million and average interest-bearing liabilities of $223.3 million.
Non-interest income for the third quarter of 2026 was $924.9 thousand, which was an increase of 3.72% compared to $891.8 thousand for the same period last year. Much of the increase was from higher Merchant Service processing fees, which rose by $91 thousand or 44% to $297 thousand. These increases were partially offset by reductions in lower Service Charges and Fees of $87 thousand or 19%, due to lower overdraft and other deposit account related charges.
The Bank’s Merchant Services Program continues to be one of the Company's fastest-growing business lines. For the quarter ending September 30, 2026, card processing sales volume increased by $7.1 million or 40% to $24.9 million, compared with $17.8 million for the same quarter last year. On a year-to-date basis through September 30, 2026, card processing sales volume increased by $17.2 million or 39.1% to $61.0 million, as compared to $43.8 million for the same period last year.
General and administrative expenses totaled $2.8 million for the three months ending September 30, 2026, compared to $2.8 million for the same period in 2025. The largest part of these expenses was salary and benefits, which amounted to $1.8 million in the third quarter of 2026 compared to $1.6 million for the same period last year. The Company’s core efficiency ratio decreased to 50.02% for the third quarter of 2026 compared to 55.95% for the same period last year.
Income tax expense for the quarter was $726.3 thousand, reflecting an increase of $112.2 thousand, or 18.3%, compared to $614.1 thousand for the same period last year. The Company’s effective income tax rate was approximately 27.86% for the period ending September 30, 2026, and 28.48% for the same period last year.
Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned, not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties, including but not limited to, the health of the national and California economies, the Company’s ability to attract and retain skilled employees, customers’ service expectations, the Company’s ability to successfully deploy new technology and gain efficiencies therefrom, and changes in interest rates, loan portfolio performance, and other factors.
Chino Commercial Bank has five banking offices located in the Cities of - Chino, Ontario, Upland, Rancho Cucamonga, and Corona. Learn more at www.chinocommercialbank.com.
Contact: Dann H. Bowman, President and CEO, Chino Commercial Bancorp , and Chino Commercial Bank N.A., or Glenn Scabet CFO, at 14245 Pipeline Avenue, Chino, CA . 91710, (909) 393-8880.
| Consolidated Statements of Financial Condition | ||||||
| As of 9/30/2026 | ||||||
| Sep-2026 Ending Balance |
Dec-2025 Ending Balance |
|||||
| Assets | ||||||
| Cash and due from banks | $ | 82,950,415 | $ | 45,883,735 | ||
| Cash and cash equivalents | $ | 82,950,415 | $ | 45,883,735 | ||
| Fed Funds Sold | $ | 1,564 | $ | 10,433 | ||
| Investment securities available for sale, net of zero | ||||||
| allowance for credit losses | $ | 12,606,376 | $ | 11,545,192 | ||
| Investment securities held to maturity , net of zero | ||||||
| allowance for credit losses | $ | 173,149,394 | $ | 195,829,795 | ||
| Total Fina Elf Investments | $ | 185,755,770 | $ | 207,374,987 | ||
| Gross loans held for investments | $ | 253,184,716 | $ | 220,584,180 | ||
| Deferred loan fees, net | $ | (630,701 | ) | $ | (483,539 | ) |
| Allowance for Loan Losses | $ | (5,417,581 | ) | $ | (4,915,464 | ) |
| Net Loans | $ | 247,136,434 | $ | 215,185,177 | ||
| Stock investments, restricted, at cost | $ | 3,812,300 | $ | 3,662,000 | ||
| Fixed assets, net | $ | 7,967,447 | $ | 8,117,396 | ||
| Accrued Interest Receivable | $ | 1,740,175 | $ | 1,673,768 | ||
| Bank Owned Life Insurance | $ | 8,924,317 | $ | 8,728,882 | ||
| Other Assets | $ | 4,546,198 | $ | 3,527,089 | ||
| Total Fina Elf Assets | $ | 542,834,620 | $ | 494,163,469 | ||
| Liabilities | ||||||
| Deposits | ||||||
| Noninterest-bearing | $ | 201,716,539 | $ | 181,348,771 | ||
| Interest-bearing | $ | 211,685,761 | $ | 188,819,543 | ||
| Total Fina Elf Deposits | $ | 413,402,300 | $ | 370,168,314 | ||
| Federal Home Loan Bank advances | $ | 0 | $ | 0 | ||
| Federal Reserve Bank borrowings | $ | 60,000,000 | $ | 60,000,000 | ||
| Subordinated debt | $ | 10,000,000 | $ | 10,000,000 | ||
| Subordinated notes payable to subsidiary trust | $ | 3,093,000 | $ | 3,093,000 | ||
| Accrued interest payable | $ | 140,975 | $ | 133,875 | ||
| Other Liabilities | $ | 2,610,897 | $ | 2,022,314 | ||
| Total Fina Elf Liabilities | $ | 489,247,172 | $ | 445,417,503 | ||
| Shareholder Equity | ||||||
| Common Stock ** | $ | 10,502,558 | $ | 10,502,558 | ||
| Retained Earnings | $ | 45,288,484 | $ | 39,905,329 | ||
| Unrealized Gain (Loss) AFS Securities | $ | (2,203,593 | ) | $ | (1,661,921 | ) |
| Total Fina Elf Shareholders' Equity | $ | 53,587,449 | $ | 48,745,966 | ||
| Total Fina Elf Liab & Shareholders' Equity | $ | 542,834,620 | $ | 494,163,469 | ||
| ** Common stock, no par value, 10,000,000 shares authorized and 3,854,364 shares issued and outstanding at 9/30/2026 and 12/31/2025 | ||||||
| Consolidated Statements of Net Income | ||||||||
| As of 9/30/2026 | ||||||||
| Sep-2026 QTD Balance |
Sep-2025 QTD Balance |
Sep-2026 YTD Balance |
Sep-2025 YTD Balance |
|||||
| Interest Income | ||||||||
| Interest & Fees On Loans | $ | 4,305,165 | $ | 3,595,456 | $ | 12,140,159 | $ | 10,291,022 |
| Interest on Investment Securities | $ | 1,764,420 | $ | 1,784,291 | $ | 5,521,626 | $ | 5,264,055 |
| Other Interest Income | $ | 197,966 | $ | 247,797 | $ | 520,235 | $ | 680,824 |
| Total Fina Elf Interest Income | $ | 6,267,551 | $ | 5,627,544 | $ | 18,182,020 | $ | 16,235,901 |
| Interest Expense | ||||||||
| Interest on Deposits | $ | 1,210,242 | $ | 1,306,719 | $ | 3,400,318 | $ | 3,752,445 |
| Interest on Borrowings | $ | 369,112 | $ | 289,488 | $ | 1,277,263 | $ | 1,032,636 |
| Total Fina Elf Interest Expense | $ | 1,579,354 | $ | 1,596,207 | $ | 4,677,581 | $ | 4,785,081 |
| Net Interest Income | $ | 4,688,197 | $ | 4,031,337 | $ | 13,504,439 | $ | 11,450,820 |
| Provision For Loan Losses | $ | 198,955 | $ | 12,338 | $ | 472,292 | $ | 20,420 |
| Net Interest Income After Provision for Loan Losses | $ | 4,489,242 | $ | 4,018,999 | $ | 13,032,147 | $ | 11,430,400 |
| Noninterest Income | ||||||||
| Service Charges and Fees on Deposit Accounts | $ | 377,455 | $ | 464,731 | $ | 1,184,315 | $ | 1,498,290 |
| Interchange Fees | $ | 122,259 | $ | 111,218 | $ | 350,823 | $ | 328,169 |
| Earnings from Bank-Owned Life Insurance | $ | 67,352 | $ | 63,103 | $ | 195,435 | $ | 181,749 |
| Merchant Services Processing | $ | 297,376 | $ | 205,396 | $ | 804,184 | $ | 525,442 |
| Other Miscellaneous Income | $ | 60,430 | $ | 47,295 | $ | 206,933 | $ | 225,110 |
| Total Fina Elf Noninterest Income | $ | 924,872 | $ | 891,743 | $ | 2,741,690 | $ | 2,758,760 |
| Noninterest Expense | ||||||||
| Salaries and Employee Benefits | $ | 1,760,907 | $ | 1,585,182 | $ | 5,246,552 | $ | 4,805,947 |
| Occupancy and Equipment | $ | 212,816 | $ | 223,345 | $ | 647,422 | $ | 624,704 |
| Merchant Services Processing | $ | 119,987 | $ | 86,326 | $ | 366,767 | $ | 232,919 |
| Other Expenses | $ | 713,823 | $ | 859,723 | $ | 2,028,908 | $ | 2,326,176 |
| Total Fina Elf Noninterest Expense | $ | 2,807,533 | $ | 2,754,576 | $ | 8,289,649 | $ | 7,989,746 |
| Income Before Income Tax Expense | $ | 2,606,581 | $ | 2,156,164 | $ | 7,484,187 | $ | 6,199,415 |
| Provision For Income Tax | $ | 726,279 | $ | 614,055 | $ | 2,098,382 | $ | 1,764,805 |
| Net Income | $ | 1,880,302 | $ | 1,542,109 | $ | 5,385,805 | $ | 4,434,610 |
| Basic earnings per share | $ | 0.49 | $ | 0.40 | $ | 1.40 | $ | 1.15 |
| Diluted earnings per share | $ | 0.49 | $ | 0.40 | $ | 1.40 | $ | 1.15 |
| Financial Highlights | ||||||||||||
| As of 9/30/2026 | ||||||||||||
| Sep-2026 QTD |
Sep-2025 QTD |
Sep-2026 YTD |
Sep-2025 YTD |
|||||||||
| Key Financial Ratios | ||||||||||||
| Annualized Return on Average Equity | 14.04 | % | 13.29 | % | 14.02 | % | 13.28 | % | ||||
| Annualized Return on Average Assets | 1.58 | % | 1.36 | % | 1.53 | % | 1.33 | % | ||||
| Net Interest Margin | 4.20 | % | 3.78 | % | 4.10 | % | 3.65 | % | ||||
| Core Efficiency Ratio | 50.02 | % | 55.95 | % | 51.03 | % | 56.23 | % | ||||
| Net Chargeoffs/Recoveries to Average Loans | -0.01 | % | 0.00 | % | -0.01 | % | -0.00 | % | ||||
| 3 month ended Sep-2026 QTD Avg |
3 month ended Sep-2025 QTD Avg |
Sep-2026 YTD Avg |
Sep-2025 YTD Avg |
|||||||||
| Average Balances | ||||||||||||
| (thousands, unaudited) | ||||||||||||
| Average assets | $ | 473,157 | $ | 449,454 | $ | 469,840 | $ | 444,644 | ||||
| Average interest-earning assets | $ | 443,168 | $ | 423,017 | $ | 440,878 | $ | 418,872 | ||||
| Average interest-bearing liabilities | $ | 234,410 | $ | 223,314 | $ | 239,248 | $ | 225,404 | ||||
| Average gross loans | $ | 248,358 | $ | 210,494 | $ | 238,646 | $ | 208,374 | ||||
| Average deposits | $ | 390,780 | $ | 375,657 | $ | 377,657 | $ | 367,519 | ||||
| Average equity | $ | 53,127 | $ | 46,041 | $ | 51,371 | $ | 44,638 | ||||
| Sep-2026 QTD |
Dec-2025 YTD |
|||||||||||
| Credit Quality | ||||||||||||
| Non-performing loans | $ | 1,175,838 | $ | 707,106 | ||||||||
| Non-performing loans to Total Fina Elf loans | 0.46 | % | 0.32 | % | ||||||||
| Non-performing loans to Total Fina Elf assets | 0.22 | % | 0.14 | % | ||||||||
| Allowance for credit losses to Total Fina Elf loans | 2.14 | % | 2.23 | % | ||||||||
| Nonperforming assets as a percentage of Total Fina Elf loans and OREO | 0.46 | % | 0.32 | % | ||||||||
| Allowance for credit losses to non-performing loans | 460.97 | % | 695.15 | % | ||||||||
| Other Period-end Statistics | ||||||||||||
| Shareholders equity to Total Fina Elf assets | 9.87 | % | 9.86 | % | ||||||||
| Net Loans to Deposits | 59.78 | % | 58.13 | % | ||||||||
| Non-interest bearing deposits to Total Fina Elf deposits | 48.79 | % | 48.99 | % | ||||||||
| Company Leverage Ratio | 12.44 | % | 11.70 | % | ||||||||
| Core Deposits / Total Fina Elf Deposits | 97.52 | % | 96.96 | % | ||||||||
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