Articles from Cashmere Valley Bank

CASHMERE, WA / ACCESS Newswire / July 22, 2026 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced quarterly earnings of $6.9 million for the quarter ended June 30, 2026. Diluted earnings per share totaled $1.88, which represented an increase of $0.34 per share, or 22.1% from the quarter ended March 31, 2026. Year to date diluted earnings per share were $3.42 as compared to $3.69 one year ago.

CASHMERE, WA / ACCESSWIRE / July 19, 2022 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced quarterly earnings of $1.3 million for the quarter ended June 30, 2022. Year-to-date earnings total $7.4 million as compared to $14.2 million for the six months ended June 30, 2021. Year-to-date diluted earnings per share were $1.91, representing a decrease of $1.68 per share, or 46.9%. The primary driver for the decrease in year-to-date earnings per share was realized losses on sales of securities during the second quarter. Losses on securities sold totaled $7.3 million for the quarter and year-to-date. The decision to sell securities was made to reduce the Bank's exposure to continued treasury yield increases, which typically reduce the value of the Bank's bond portfolio.

CASHMERE, WA / ACCESSWIRE / April 19, 2022 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced quarterly earnings of $6.1 million for the quarter ended March 31, 2022. Diluted earnings per share were $1.56, representing a decrease of $0.28 per share, or 15.2%. As of March 31, 2022, deposit balances totaled $1.96 billion. Deposit balances increased approximately $25.5 million from December 31, 2021, representing a 1.3% increase. "We believed

CASHMERE, WA / ACCESSWIRE / May 25, 2022 / Cashmere Valley Bank (OTCQX: CSHX) ("Bank"), announced an update to shareholders related to the fair value of the bank's investment portfolio. Specifically, those investments classified as available for sale (AFS) and carried at fair value on the Bank's balance sheet. The fair value of these AFS securities have been adversely impacted by the upward movement of the treasury yield curve during the first three months of 2022. The five-year and ten-year treasury yields increased 116 and 80 basis points, respectively. Generally accepted accounting principles (GAAP) require the Bank to adjust the carrying value of its AFS securities portfolio to the portfolio's fair value at each reporting date. As the treasury yield curve increases, the fair value of the Bank's AFS securities tend to decline which creates an unrealized loss on the securities. As the yield curve declines, the fair value of the AFS securities tend to increase, which creates an unrealized gain on the securities. At December 31, 2021, the Bank held a net unrealized gain on its AFS securities of $14.2 million and by March 31, 2022 due to the significant increase in the treasury yield curve the net unrealized gain had become a net unrealized loss of $52.7 million. The net impact on the carrying value of the Bank's AFS portfolio was $66.9 million. Under GAAP the offsetting entry for the change is to an account referred to as accumulated other comprehensive income included in the shareholders' equity of the Bank for GAAP purposes. Because this is an unrealized loss it is not included by the Bank's regulators in calculating regulatory capital ratios.

CASHMERE, WA / ACCESSWIRE / January 18, 2022 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced annual earnings of $29.0 million for the year ended December 31, 2021. Diluted earnings per share was $7.39, representing an increase of $0.97 per share, or 15.1%. Earnings per share growth of 15.1% marks consecutive years with double digit earnings per share growth. As of December 31, 2021, deposit balances totaled $1.9 billion. Deposit balances

CASHMERE, WA / ACCESSWIRE / January 18, 2022 / Cashmere Valley Bank (OTCQX:CSHX) (the "Bank"), announced that the Bank's Board of Directors declared a semi-annual cash dividend of $0.85 per share on the Bank's outstanding common stock. The cash dividend is payable on February 7, 2022 to shareholders of record as of January 28, 2022. The dividend rate of $0.85 per share is an increase of $0.05 (6.25%) per share from the previous semi-annual

CASHMERE, WA / ACCESSWIRE / October 19, 2021 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced 2021 quarterly earnings of $8.0 million and year to date earnings of $22.2 million for the periods ended September 30, 2021. Year to date diluted earnings per share were $5.64, representing an increase of $0.98 per share, or 20.9%. As of September 30, 2021, deposit balances totaled $1.9 billion. Deposit balances have increased approximately

CASHMERE, WA / ACCESSWIRE / August 10, 2021 / Cashmere Valley Bank (OTCQX:CSHX) (the "Bank"), announced that the Bank's Board of Directors declared a semi-annual cash dividend of $0.80 per share on the Bank's outstanding common stock. The cash dividend is payable on August 09, 2021 to shareholders of record as of July 30, 2021. The dividend rate of $0.80 per share is an increase of $0.05 (6.7%) per share from the previous semi-annual

CASHMERE, WA / ACCESSWIRE / July 20, 2021 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced 2021 year to date earnings of $14.2 million and quarterly earnings of $6.9 million for the periods ended June 30, 2021. Year to date diluted earnings per share were $3.59, representing an increase of $0.57 per share, or 18.8%. As of June 30, 2021, deposit balances totaled $1.9 billion. Deposit balances increased approximately $152.4 million from

CASHMERE, WA / ACCESSWIRE / May 14, 2021 / Cashmere Valley Bank (OTCQX:CSHX) (the "Bank"), today announced the preliminary results of its previously announced cash tender offer for shares of its common stock, which expired at 5:00 p.m., Cashmere, Washington time, on Thursday, May 13, 2021. Based on the preliminary count, the Bank expects to acquire approximately 98,223 shares of its common stock at a price of $70.00 per share for a

CASHMERE, WA / ACCESSWIRE / April 20, 2021 / Cashmere Valley Bank (OTCQX:CSHX) ("Bank"), announced quarterly earnings of $7.3 million for the quarter ended March 31, 2021. Diluted earnings per share were $1.84, representing an increase of $0.47 per share, or 34.0%. As of March 31, 2021, deposit balances totaled $1.9 billion. Deposit balances increased approximately $132.3 million from December 31, 2020, representing a 7.7%

CASHMERE, WA / ACCESSWIRE / April 13, 2021 / Cashmere Valley Bank (OTCQX:CSHX) (the "Bank"), announced today that it has commenced a tender offer to purchase up to 340,000 shares of its common stock at a price per share of $70.00. The tender offer is expected to expire on May 13, 2021, unless extended. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to that time. As of