Welcome to our dedicated page for Chino Commercial news (Ticker: CCBC), a resource for investors and traders seeking the latest updates and insights on Chino Commercial stock.
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 Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), has been awarded the highest rating of Super Premier Performing Bank by The Findley Reports on Financial Institutions. This recognition reflects the bank's exceptional financial and operational performance in 2022, assessed through factors such as profitability, return on equity, and loan performance. President and CEO Dann H. Bowman expressed satisfaction with the accolade, highlighting the bank's increased revenue, earnings per share, and strong credit performance throughout the year. The bank maintains a robust capital position and low loan losses, positioning it well to serve local consumers and businesses effectively.
The Board of Directors of Chino Commercial Bancorp (OTC: CCBC) announced a strong performance for the fourth quarter of 2022, reporting net earnings of $1.3 million, a remarkable increase of 84.6% year-over-year. Earnings per share rose to $0.49 from $0.26. For the entire fiscal year, net earnings surged by 50.5% to $4.7 million, with earnings per share at $1.76, up from $1.17 in 2021. Total assets grew by 5.6% to $399.7 million, while total deposits increased by 5.8% to $337.5 million. Despite concerns about economic weakness, the bank anticipates growth opportunities through new products and services for small businesses.
Chino Commercial Bancorp (OTC: CCBC) reported strong third-quarter earnings for 2022, with net earnings of $1.3 million, up 77.2% from $718 thousand a year ago. The earnings per share increased to $0.48 from $0.27. Total assets rose to $416.6 million, a 10.1% increase over the year. Deposits also grew by 11.6% to $355.9 million. Net interest income climbed to $3.3 million and non-interest income rose by 11.7%. Despite economic concerns, the company reported minimal credit quality issues with only one delinquent loan. Overall, the financial outlook remains positive.
Chino Commercial Bancorp (OTC: CCBC) reported net earnings of $1.2 million for Q2 2022, a 42.4% increase from $867 thousand in Q2 2021. Earnings per share rose to $0.46, up from $0.32. Total assets increased by 7.5% to $406.8 million, with total deposits rising by 8.8% to $347.1 million. Net interest income improved to $3.3 million, driven by a net interest margin of 3.43%. Non-interest income also rose by 12.9%. However, gross loans decreased by 2.1% due to PPP loan payoffs, while general and administrative expenses increased.
Chino Commercial Bancorp (OTC: CCBC) reported a net earnings increase of 7.4% for Q1 2022, amounting to $900 thousand, up from $838 thousand in Q1 2021. Earnings per share rose to $0.34 from $0.31 year-over-year. Total assets increased by 9.1%, reaching $412.8 million, and total deposits grew by 10.1% to $353.7 million. The bank maintained gross loans at $176 million. However, its net interest margin declined to 2.72% from 3.59% a year earlier. Overall, non-interest income rose 16.6%, attributed mainly to service charges.
Chino Commercial Bank, a subsidiary of Chino Commercial Bancorp (OTC: CCBC), was awarded Findley Reports' highest rating of Super Premier Performing Bank for outstanding financial and operational performance in 2021. This recognition reflects the Bank's strong profitability, return on equity, and loan performance, as noted by the Findley Reports. President and CEO Dann H. Bowman expressed satisfaction with the award, citing a robust capital position and low loan losses that enable increased lending to consumers and businesses in the local economy.
Chino Commercial Bancorp (OTC: CCBC) reported fourth-quarter 2021 net earnings of $707 thousand, a 1.2% increase from $699 thousand in Q4 2020. Earnings per share remained stable at $0.26. For the fiscal year, net earnings rose 19.3% to $3.1 million ($1.17 per share) from $2.6 million ($0.98 per share) in 2020. Total assets grew by 20.02% to $378.5 million, and total deposits increased by 23.7% to $318.9 million. However, gross loans decreased by 10% to $176.2 million, largely due to loan paydowns from the Payroll Protection Program.
Chino Commercial Bancorp (OTC: CCBC) reported a net earnings increase of 8.1% to $718K for Q3 2021, up from $664K in Q3 2020. Net earnings per share rose to $0.27. Total assets grew by 17.6%, reaching $370.2 million, while total deposits surged by 20.6% to $310.9 million. The bank maintained a strong loan quality with no delinquent loans. However, gross loans decreased by 6.7% due to loan paydowns under the Payroll Protection Program. Non-interest income increased by 37.5% to $544.6K, while general and administrative expenses rose to $1.8 million.
Chino Commercial Bancorp (OTC: CCBC) reported Q2 2021 net earnings of $867K, a 33.8% increase from $648K in Q2 2020. Earnings per share rose to $0.32 from $0.24 year-over-year. Total assets grew by 12.2% to $353.3 million, with deposits increasing 14.4% to $294.9 million. Loan quality remained strong with no delinquent loans. However, gross loans decreased by 1.7% to $192.4 million, largely due to pay downs on PPP loans. The company also completed a $10 million subordinated note offering and issued a 20% stock dividend on July 6, 2021.
Chino Commercial Bancorp (OTC: CCBC) has announced the successful completion of a private placement of $10 million in 4.250% Fixed to Floating Rate Subordinated Notes due in 2031. The offering was oversubscribed, reflecting investor confidence in the company. The funds will support capital ratios and may facilitate share repurchase or debt retirement. The Notes will initially offer a fixed interest rate, transitioning to a variable rate after five years. The issuance qualifies as Tier 2 capital for regulatory compliance.
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