Beach Cities Commercial Bank returns to profit in Q2 FY26, net income $111,774
Reuters2026/07/30 18:24- Beach Cities Commercial Bank posted net income of USD 111,774 in Q2 ended June 30, 2026, returning to profit from a Q1 loss.
- Total interest income rose 6.4% to USD 3.15 million from Q1; operating expenses were flat at USD 1.9 million.
- Total assets grew 7% to USD 188.9 million versus Dec. 31, 2025; gross loans increased 7% to USD 153.5 million.
- Total deposits fell 3% to USD 139.6 million versus Dec. 31, 2025, as institutional CD balances were cut by USD 7.7 million.
- Management said the bank hit profitability milestones, ended the quarter with no delinquent or non-performing assets, and expects to close its private stock offering by Sept. 30, 2026.
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