Asset Quality

Mission Valley Bancorp (MVLY) reported a Q3 2025 net income increase to $2.1 million ($0.62/diluted share) from $1.4 million ($0.42/share) YoY. Net interest income rose 13.04% to $7.8 million, with a 4.54% net interest margin. Non-interest income grew 33.33% to $2.8 million, including gains from SBA loan sales. Total assets reached $715.0 million. Past due loans were $8.6 million with an $8.5 million allowance for credit losses. Capital ratios remained strong, supporting future growth.

QNB Corp. (QNBC) reported Q3 2025 net income of $3.65M ($0.98 diluted EPS), with YTD net income up 20.4% to $10.11M ($2.72 diluted EPS). Results include $519K in merger costs. Key drivers include rising net interest income and loan growth. QNB is acquiring Victory Bancorp, creating a company with ~$2.4B in assets. Non-performing loans increased to $8.95M.

Middlefield Banc Corp (MBCN) reported strong results for the nine months ended September 30, 2025. Q3 highlights include diluted EPS of $0.65, a 37.3% increase in pre-tax, pre-provision earnings to $6.8 million, and a net interest margin of 3.79%. Total loans reached a record $1.61 billion and total assets $1.98 billion. Year-to-date diluted EPS was $2.01, and book value rose to $27.71 per share. Management cited loan growth, margin expansion, and a one-time real estate gain, while addressing a small portfolio of problem loans.

Mercantile Bank Corporation reported strong Q3 2025 financial results, with net income reaching $23.8 million ($1.46 per diluted share), up from $19.6 million last year. Year-to-date net income totaled $65.9 million ($4.06 per diluted share). Performance was driven by net interest income expansion, growth in noninterest income, a lower tax rate, and solid deposit growth. Asset quality remained strong, and the loan-to-deposit ratio decreased. Tangible book value per common share increased to $37.41. The company also announced a planned partnership with Eastern Michigan Financial Corporation.

blueharbor bank (BLHK) reported strong Q3 2025 earnings, driven by loan growth and efficient operations. ROA reached 2.08% and ROE 18.54%. Diluted EPS surged 51% to $0.95, and the net interest margin expanded to 4.46%. Loan and deposit growth were robust, up 20% and 17% annualized, respectively. The efficiency ratio was an impressive 37.76%. Total assets increased to $571.8 million, with zero non-performing assets, and solid capital ratios exceeding regulatory requirements. Net income was $2,852,118, a significant rise compared to Q3 2024.