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Mission Valley Bancorp reports quarterly and annual results for its community banking business under the MVLY symbol on OTCQX. Company updates focus on net income, diluted earnings per share, net interest income, loan and deposit growth, core deposit initiatives, asset quality, credit-loss provisions, liquidity, and regulatory capital ratios.
Recurring announcements also cover Mission Valley Bank branch activity in Southern California, including full-service branch expansion, digital transformation initiatives, Small Business Administration loan sales, servicing asset adjustments, cash dividends, shareholder meeting dates, and management commentary on loan portfolio monitoring and local economic conditions.
Mission Valley Bancorp (OTCQX: MVLY) reported Q1 2026 net income of $0.7M ($0.21 diluted), down from $1.6M ($0.47) in Q1 2025. Key drivers included a $1.0M provision for credit losses tied to specific reserves and a temporary reversal of interest income related to one borrower relationship.
Total assets were $773.8M; gross loans $626.1M; net interest income $7.2M; non-interest income $2.6M; the board declared a $0.15 cash dividend payable June 3, 2026.
Mission Valley Bancorp (OTCQX: MVLY) reported fourth-quarter 2025 net income of $3.1M ($0.93 diluted) and full-year 2025 net income of $8.0M ($2.39 diluted).
Key drivers: double-digit loan and deposit growth, net interest income up 11.5% year, non-interest income up 19.1%, and strong capital ratios with total assets of $760.4M.
Mission Valley Bancorp (OTCQX: MVLY) reported third quarter 2025 net income of $2.1 million or $0.62 per diluted share, up from $1.4 million, or $0.42, in Q3 2024. Year-to-date net income through Sept. 30, 2025 was $4.9 million or $1.45 per diluted share versus $5.1 million, or $1.53, a year earlier.
Key operating metrics: Net interest income was $7.8 million (up 13.04% YoY); net interest margin 4.54%; non-interest income $2.8 million (up 33.33% YoY) including a $0.9 million gain on sale from $17.9 million SBA loans sold. Balance sheet: total assets $715.0 million, gross loans $577.8 million, and total deposits $564.3 million as of Sept. 30, 2025. Asset quality: past due loans were $8.6 million; allowance for credit losses $8.5 million (1.47% of gross loans). Capital: CET1 10.47%, Tier 1 11.41%, total risk-based 12.66%.
Mission Valley Bancorp (OTCQX: MVLY) reported Q2 2025 net income of $1.2 million ($0.37 per diluted share), down from $2.0 million ($0.60 per diluted share) in Q2 2024. Net interest income increased 11.94% to $7.5 million, with a net interest margin of 4.38%. Total assets grew 9.35% to $740.6 million, while gross loans increased 8.76% to $594.9 million.
The bank's asset quality showed mixed signals with non-accrual loans rising to $12.1 million from $5.3 million, while maintaining strong capital ratios with a Common Equity Tier 1 ratio of 9.94%. The company announced plans to open its fourth full-service branch in Arcadia, California, expected in late Q3 or early Q4 2025.
Mission Valley Bancorp reported a net income of $1.6 million ($0.47 per diluted share) for Q1 2025, slightly down from $1.7 million ($0.51 per diluted share) in Q1 2024. The bank announced a cash dividend of $0.15 per share, payable June 2, 2025.
Key highlights include:
- Net Interest Income rose 15.89% to $7.8 million
- Net Interest Margin improved to 4.87%
- Total Assets increased 4.28% to $706.3 million
- Total Deposits grew 7.38% to $592.0 million
- Gross Loans expanded 2.61% to $561.3 million
The bank's capital position remains strong with a Leverage Ratio of 10.11% and Total Risk Based Capital Ratio of 12.35%. Asset quality metrics show $9.3 million in Non-Accrual Loans and an Allowance for Credit Losses at 1.48% of Gross Loans.
Mission Valley Bancorp (MVLY) reported Q4 2024 net income of $1.1 million ($0.34 per share), compared to a net loss of $0.2 million in Q4 2023. Full-year 2024 net income was $6.2 million ($1.87 per share), versus $7.4 million in 2023. Key Q4 highlights include:
- Net Interest Income increased 19.48% to $7.2 million
- Net Interest Margin improved to 4.47%
- Non-Interest Income rose 75.34% to $2.3 million
- SBA loan sales of $34.1 million generated $1.4 million in gains
Full-year 2024 achievements include a 13.58% increase in Net Interest Income to $27.5 million, gross loans growth of 5.4% to $547.0 million, and total deposits increase of 5.17% to $551.3 million. Asset quality metrics showed some deterioration with Non-Accrual Loans increasing to $5.3 million from $1.8 million in 2023.
Mission Valley Bancorp (MVLY) reported Q3 2024 net income of $1.4 million ($0.42 per diluted share), compared to $4.6 million ($1.40 per diluted share) in Q3 2023. Net interest income increased 9.89% to $6.9 million. Total assets reached $668.2 million, up 2.22% from December 2023. Gross loans increased 3.30% to $536.1 million, while deposits grew 4.44% to $547.6 million. The company maintained strong capital ratios with a leverage ratio of 10.35%. Notable concerns include increased past due loans of $5.6 million and classified loans of $9.3 million compared to $1.7 million and $2.0 million respectively in December 2023.
Mission Valley Bancorp (OTCQX: MVLY) reported strong financial results for Q2 2024. Net income reached $2.0 million, or $0.60 per diluted share, up 58% from Q2 2023. Net interest income increased by 11.49% to $6.7 million, while non-interest income grew by 47.11% to $2.9 million. The company completed a securitization of $33.6 million in SBA unguaranteed loan principal, resulting in $25.4 million in net proceeds.
Despite a slight decrease in total assets and deposits, Mission Valley's capital position remains strong with a leverage ratio of 9.83%. The bank's asset quality improved, with decreases in past due loans, classified loans, and non-accrual loans. CEO Tamara Gurney expressed optimism about the company's outlook, citing the new Burbank branch opening and ongoing digital transformation projects.
Mission Valley Bancorp reported a net income of $1.7 million, or $0.51 per share, for the first quarter of 2024, showing a stable performance compared to the same period in 2023. The company experienced positive growth in net interest income, non-interest income, and total assets. However, it faced challenges with an increase in past due loans and non-accrual loans, as well as a rise in provision for credit losses.
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