Articles from Commencement Bank

Third Quarter of 2026 Financial Highlights:Quarterly net income of $2.0 million, or $0.55 earnings per share compared to $1.8 million, or $0.48 earnings per share, during the second quarter of 2026.Loans increased $13.5 million during the third quarter of 2026, or annualized rate of 9.6%. For the nine months ended September 30, 2026, annualized loan growth rate of 11.7%.Net interest margin of 4.28% during the third quarter of 2026 compared to 4.29% during the second quarter of 2026 and 4.21% during the third quarter of 2025.Total cost of deposits of 1.36% during the third quarter of 2026 compared to 1.37% during the second quarter of 2026 and 1.51% during the third quarter of 2025.Capital ratios remained well above regulatory requirements.

2026 Second Quarter Financial Highlights:

TACOMA, WA / ACCESS Newswire / July 9, 2026 / Commencement Bank, a subsidiary of Commencement Bancorp, Inc. (OTCQX:CBWA), announced the addition of Vice President and Small Business Administration (SBA) Manager, Erin Shannon. Shannon will serve as the Bank's subject matter expert and operational lead for all Small Business Administration (SBA) lending activity.