Community Bancorp reported second-quarter 2026 net income of $4.9 million, or $0.84 per share, up 14.4% versus Q2 2025, and year-to-date net income of $9.1 million, or $1.62 per share, up 19.4% year-over-year. Net interest income for Q2 rose to $11.25 million, and total assets were $1.17 billion at June 30, 2026. The company declared a quarterly cash dividend of $0.25 per share payable August 1, 2026.

Financial Highlights

  • Net income (Quarter ended June 30, 2026): $4.9 million; EPS: $0.84 (Q2 2025: $4.3M; $0.72).
  • Net income (Six months ended June 30, 2026): $9.1 million; EPS: $1.62 (YTD 2025: $7.6M; $1.34).
  • Net interest income (Quarter): $11.247 million; total interest income for the quarter: $16.043 million.
  • Total assets at June 30, 2026: $1.1727 billion; total deposits: $981.654 million.
  • Shareholders' equity: $120.894 million; book value per share: $21.58; fully diluted tangible book value per share: $19.51.

Business Highlights

  • Loan portfolio growth: Gross loans increased $28.8 million year-over-year (approximately 3.06% vs. June 30, 2025), supporting higher loan interest income.
  • Deposit trends: Deposits rose $48.7 million versus June 30, 2025 but decreased $89.0 million from December 31, 2025, reflecting cyclical shifts in customer balances.
  • Securities portfolio management: Available-for-sale securities totaled $128.0 million at June 30, 2026, down from $144.6 million at year-end 2025, with unrealized loss in AOCI improving to $9.4 million.
  • Provisioning and credit methodology: Provision for credit losses for Q2 2026 was $720,967 and year-to-date $1.112 million, determined under CECL and driven primarily by loan growth.
  • Capital and regulatory posture: Bank-only capital ratios remain solid (total capital to risk-weighted assets ~16.05%; CET1 ~14.79%); tangible common equity to tangible assets at 9.41%.

Original SEC Filing:

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