Core Insights - Mission Valley Bancorp reported a net income of $3.1 million, or $0.93 per diluted share, for Q4 2025, a significant increase from $1.1 million, or $0.34 per diluted share, in Q4 2024 [1][2] - For the full year 2025, net income reached $8.0 million, or $2.39 per diluted share, compared to $6.2 million, or $1.87 per diluted share, in 2024 [1][2] Fourth Quarter 2025 Highlights - Net Interest Income for Q4 2025 was $7.6 million, up by $0.4 million, or 5.50%, from Q4 2024 [7] - Non-Interest Income surged to $4.3 million, an increase of $1.9 million, or 81.29%, compared to Q4 2024 [7] - Gross Loans increased by $31.8 million, or 5.50%, compared to September 30, 2025 [7] Full Year 2025 Highlights - Net Interest Income for 2025 was $30.6 million, an increase of $3.2 million, or 11.46%, from 2024 [7] - Non-Interest Income rose to $11.5 million, up by $1.8 million, or 19.08%, compared to 2024 [7] - Total Assets reached $760.4 million, an increase of $83.1 million, or 12.28%, from December 31, 2024 [7] Balance Sheet Highlights - Total Deposits were $635.5 million as of December 31, 2025, an increase of $84.1 million, or 15.26%, from December 31, 2024 [7] - Gross Loans amounted to $609.6 million as of December 31, 2025, an increase of $62.6 million, or 11.44%, from December 31, 2024 [7] Asset Quality - Classified Loans decreased to $16.7 million as of December 31, 2025, down from $26.4 million in 2024 [10] - Past Due Loans increased to $15.6 million as of December 31, 2025, compared to $5.3 million in 2024 [10] - The Allowance for Credit Losses was $8.1 million, or 1.33% of Gross Loans, unchanged from 2024 [10] Capital and Liquidity - The Common Equity Tier 1 Capital Ratio was 10.24%, and the Total Risk Based Capital Ratio was 12.32% as of December 31, 2025 [10] - Available borrowing capacity increased to $223.3 million, up by $14.7 million, or 7.02%, from December 31, 2024 [10]

Core Insights - Mission Valley Bancorp reported a net income of $2.1 million, or $0.62 per diluted share, for Q3 2025, an increase from $1.4 million, or $0.42 per diluted share, in Q3 2024 [1][2] - For the nine months ending September 30, 2025, net income was $4.9 million, or $1.45 per diluted share, compared to $5.1 million, or $1.53 per diluted share, for the same period in 2024 [1] Financial Performance - Net Interest Income for Q3 2025 was $7.8 million, up by $0.9 million, or 13.04%, from Q3 2024 [7] - Net Interest Margin improved to 4.54% in Q3 2025 from 4.49% in Q3 2024 [7] - Non-Interest Income rose to $2.8 million, an increase of $0.7 million, or 33.33%, compared to Q3 2024 [7] - The company sold $17.9 million in Small Business Administration (SBA) loans, resulting in a gain of $0.9 million, compared to $9.0 million in SBA loans sold and a gain of $0.5 million in Q3 2024 [7] Balance Sheet Highlights - Total Assets reached $715.0 million as of September 30, 2025, an increase of $37.7 million, or 5.57%, from December 31, 2024 [7] - Gross Loans amounted to $577.8 million, up by $30.8 million, or 5.63%, compared to December 31, 2024 [7] - Total Deposits were $564.3 million, an increase of $13.0 million, or 2.36%, from December 31, 2024 [7] - Brokered Deposits decreased to $11.0 million, down by $48.9 million, or 81.64%, compared to December 31, 2024 [7] Asset Quality - The company reported $60 thousand in net recoveries from previously charged-off loans in Q3 2025, compared to $0.1 million in net charge-offs in Q3 2024 [7] - Past Due Loans increased to $8.6 million as of September 30, 2025, compared to $5.3 million as of December 31, 2024 [7] - Classified Loans decreased to $25.4 million as of September 30, 2025, from $26.4 million as of December 31, 2024 [7] - Non-Accrual Loans decreased to $8.9 million as of September 30, 2025, from $10.2 million as of December 31, 2024 [7] Capital and Liquidity - The Allowance for Credit Losses was $8.5 million, or 1.47% of Gross Loans, as of September 30, 2025, compared to $8.1 million, or 1.48% of Gross Loans, as of December 31, 2024 [7] - The capital position is strong, with a Common Equity Tier 1 Capital Ratio of 10.47%, Tier 1 Capital Ratio of 11.41%, Total Risk-Based Capital Ratio of 12.66%, and Leverage Ratio of 10.08% [7] - Available borrowing capacity was $194.9 million as of September 30, 2025, a decrease of $13.8 million, or 6.61%, compared to December 31, 2024 [7] - Unpledged available-for-sale investment securities totaled $45.6 million as of September 30, 2025 [7] Strategic Developments - The opening of Mission Valley Bank's fourth full-service branch in Arcadia on September 8, 2025, is seen as a strategic fit for geographic expansion, driven by existing customers and strong deposit growth opportunities [2]

Core Financial Performance - Mission Valley Bancorp reported net income of $1.2 million, or $0.37 per diluted share, for Q2 2025, a decrease from $2.0 million, or $0.60 per diluted share, in Q2 2024 [1] - For the six months ended June 30, 2025, net income was $2.8 million, or $0.84 per diluted share, compared to $3.7 million, or $1.10 per diluted share, for the same period in 2024 [1] Revenue and Income Breakdown - Net Interest Income for Q2 2025 was $7.5 million, an increase of $0.8 million, or 11.94%, compared to Q2 2024 [7] - Non-Interest Income decreased to $2.2 million in Q2 2025, down $0.7 million, or 24.14%, from Q2 2024 [7] - The company sold $14.3 million in SBA loans in Q2 2025, resulting in a gain on sale of $0.7 million, compared to $21.7 million in SBA loans sold and a gain of $1.1 million in Q2 2024 [7] Asset and Deposit Growth - Total Assets increased to $740.6 million as of June 30, 2025, up $63.3 million, or 9.35%, from December 31, 2024 [7] - Gross Loans rose to $594.9 million as of June 30, 2025, an increase of $47.9 million, or 8.76%, compared to December 31, 2024 [7] - Total Deposits reached $599.4 million as of June 30, 2025, up $48.1 million, or 8.72%, from December 31, 2024 [7] Asset Quality and Credit Losses - The company reported $35 thousand in net charge-offs in Q2 2025, compared to $12 thousand in net recoveries in Q2 2024 [7] - Past Due Loans decreased to $4.9 million as of June 30, 2025, from $5.3 million as of December 31, 2024 [7] - The Allowance for Credit Losses was $8.3 million, or 1.39% of Gross Loans, as of June 30, 2025, compared to $8.1 million, or 1.48% of Gross Loans, as of December 31, 2024 [7] Capital and Liquidity Position - The Common Equity Tier 1 Capital Ratio was 9.94%, Tier 1 Capital ratio was 10.85%, Total Risk Based Capital Ratio was 12.10%, and Leverage Ratio was 9.79% as of June 30, 2025 [10] - Available borrowing capacity decreased to $171.5 million as of June 30, 2025, down $37.2 million, or 17.82%, from December 31, 2024 [10] Strategic Initiatives - The company experienced core deposit growth due to initiatives started last year and plans to open a new full-service branch in Arcadia, California, targeting late Q3 or early Q4 2025 [2]

SUN VALLEY, Calif., April 30, 2025 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.6 million, or $0.47 per diluted share, for the first quarter of 2025, compared to a net income of $1.7 million, or $0.51 per diluted share, for the first quarter of 2024.Mission Valley's board of directors declared a cash dividend of $0.15 per share on April 22, 2025. The dividend will be payable on or about June 2, 2025 to shareholders of record as of ...