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Chino Commercial Bancorp (CCBC) operates as the bank holding company for Chino Commercial Bank, N.A., a community-focused financial institution headquartered in Southern California. The company primarily serves individuals and small businesses in the Inland Empire region, offering a wide range of commercial banking services tailored to meet the unique needs of its local customer base. By combining personalized customer service with a comprehensive suite of financial products, CCBC positions itself as a trusted partner for businesses and individuals seeking reliable banking solutions.
Core Banking Services
CCBC provides a diverse portfolio of deposit products, including non-interest-bearing deposits, money market accounts, checking and savings accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). These offerings cater to both personal and business banking needs, enabling customers to manage their finances efficiently while earning competitive returns on their deposits.
Commercial Lending Solutions
The company specializes in a variety of commercial loan products designed to support the growth and operational needs of small businesses. These include:
- Lines of Credit: Flexible financing options to manage cash flow and working capital.
- Term Loans and Equipment Loans: Financing for business expansion and asset acquisition.
- Commercial Real Estate Loans: Loans for property acquisition, development, and refinancing.
- Accounts Receivable Financing and Factoring: Innovative solutions to improve liquidity and manage receivables.
- Equipment Leasing: Cost-effective options for acquiring essential business equipment.
These tailored solutions reflect CCBC's commitment to fostering economic growth in its community by addressing the unique challenges faced by small businesses.
Personal and Real Estate Lending
In addition to its commercial offerings, CCBC provides a variety of personal and real estate lending products, including:
- Home Equity and Home Improvement Lines of Credit: Flexible financing for home upgrades and improvements.
- Auto Loans: Competitive financing options for vehicle purchases.
- Construction Loans and Lot Loans: Financing for property development and construction projects.
- Residential Real Estate Brokerage and Home Mortgages: Comprehensive solutions for homebuyers and homeowners.
These offerings underscore CCBC's role as a full-service bank catering to the financial needs of both businesses and individuals.
Geographic Focus and Market Position
Chino Commercial Bancorp operates primarily in the Inland Empire region of Southern California, a dynamic area known for its diverse economy and growing population. This localized focus allows the company to build strong relationships with its customers and develop a deep understanding of the regional market. By emphasizing community banking principles, CCBC differentiates itself from larger, impersonal financial institutions, offering a level of service and responsiveness that resonates with its clientele.
Challenges and Opportunities
Operating in a competitive and highly regulated industry, CCBC faces challenges such as economic fluctuations, evolving customer expectations, and increasing competition from fintech companies. However, its niche focus on small business financing and its commitment to personalized service provide significant opportunities for growth. By leveraging its regional expertise and expanding its product offerings, CCBC is well-positioned to strengthen its market presence and continue serving the financial needs of its community.
Conclusion
Chino Commercial Bancorp exemplifies the principles of community banking, offering a comprehensive range of financial products and services tailored to the needs of its local market. With a strong focus on small business support and personalized customer service, CCBC plays a vital role in fostering economic growth and financial stability in the Inland Empire region. Its commitment to innovation and adaptability ensures that it remains a trusted partner for businesses and individuals alike.
Chino Commercial Bancorp (OTC: CCBC) reported record earnings for Q4 2024, with net earnings of $1.40 million, up 13.8% from the same quarter last year. Net earnings per share reached $0.43, compared to $0.38 in Q4 2023. Year-to-date net earnings increased by 4.10% to $5.1 million.
Total assets grew to $466.7 million, up 4.54% year-over-year. Deposits increased by 9.08% to $348.8 million, with core deposits representing 97.31% of total deposits. Gross loans rose by 14.45% to $205.2 million. The company's net interest margin improved to 3.45% in Q4 2024 from 2.98% in Q4 2023.
The bank expanded its services by joining the Card Brand Association and offering merchant services, generating $134.0 thousand in processing revenue during Q4. Additionally, CCBC plans to open its fifth branch office in Corona in Q1 2025, which has already accumulated $9 million in deposits.
Chino Commercial Bancorp (OTC: CCBC) reported its Q3 2024 financial results. Net earnings year-to-date increased by 0.90% to $3.74 million, with earnings per share at $1.17. Q3 2024 net earnings were $1.27 million, a slight decrease of 0.60% compared to Q3 2023. Total assets reached $464.4 million, up 11.68% from December 31, 2023. Total deposits increased by 14.52% to $366.2 million, with core deposits representing 97.65% of total deposits. Gross loans grew by 8.4% to $194.4 million.
The company's net interest margin improved to 3.08% in Q3 2024 from 2.98% in Q3 2023. Non-interest income increased by 17.84% to $793.1 thousand, largely due to growth in merchant services processing revenue. General and administrative expenses rose to $2.5 million in Q3 2024. The bank's loan quality remained stable with only one delinquent loan at quarter-end.
Chino Commercial Bancorp (OTC: CCBC) reported a 1.65% increase in year-to-date net earnings to $2.48 million for Q2 2024. Net earnings per share rose to $0.77 from $0.76 year-over-year. However, Q2 2024 net earnings decreased by 2.7% to $1.23 million compared to the same quarter last year. Total assets grew by 4.84% to $468.0 million, while deposits increased by 6.2% to $339.7 million. Gross loans saw an 8.7% increase to $194.6 million. The bank's loan quality remains strong with no delinquent loans or foreclosures. CCBC also expanded its services, including merchant services processing, and received approval to open a new branch in Corona, expected in Q4 2024.
Chino Commercial Bancorp (OTC: CCBC) reported a strong performance for the first quarter of 2023, with net earnings of $1.2 million, up 29.8% from $900 thousand a year earlier. Earnings per share rose to $0.44 from $0.34 in the same period last year. Despite challenges in the banking sector, the company's loan quality remains robust. Total assets increased to $439.3 million, marking a 10.0% rise compared to $399.8 million at the end of 2022, while total deposits decreased by 5.5% to $318.8 million.
Net interest income rose to $3.1 million from $2.7 million, but the net interest margin fell to 3.37% from 4.17%. Non-interest income increased 16.2% to $594.8 thousand. Overall, the bank maintains a positive outlook despite rising operational costs and potential market challenges.
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