Beach Cities Commercial Bank Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 net loss $263.5k, versus $111.8k profit in Q2
- ➤Credit loss provisions reached $336k during Q3
- ➤Total assets $180.1M, up 15% year over year
- ➤Total deposits $148.9M, up 13% year over year
- ➤Bank will close Encinitas Branch effective January 15, 2027
Expert Statements
Thomas J. Inserra, President & CEO of Beach Cities Commercial Bank
“Three noteworthy accomplishments for the third quarter are: 1) The Bank materially reduced its quarterly borrowing costs from $247k to $163k and reduced its dependency on higher cost institutional and listing service CDs; 2) After deducting all one-time non-reoccurring expenses and provisions, the Bank’s year-to-date net income through September 30, 2026 was $185.4k; and 3) The Bank celebrated its 3(rd) year of operations and successfully exited its “de-novo” period.”
Matt Blackmer, Chief Credit Officer of Beach Cities Commercial Bank
“Excluding the unexpected charge-off of an unguaranteed portion of an SBA7a loan, the Bank’s asset quality continues to remain strong with no delinquent and other real estate owned assets on its balance sheet. Our quality deal flow for both loans and deposits is looking favorable,”
Najam Saiduddin, Chief Financial Officer of Beach Cities Commercial Bank
“On a twelve-month basis, the Bank’s growth in deposits and loans continues to grow while maintaining strong liquidity levels. The Bank continues to focus on reducing the Bank’s reliance on high-cost institutional deposits and borrowings from FHLB, and growing relationship core deposits, and achieving steady improvement in loan yields and NIM. As a result, money market deposits grew $20.2 million (37% growth) from December 31, 2025,”
Beach Cities Commercial Bank Announces Third Quarter 2026 Financial Results
Beach Cities Commercial Bank, www.beachcitiescb.com (OTCQB: BCCB) (the "Bank"), today announced financial results for the quarter ended September 30, 2026. Thomas J. Inserra – President & CEO stated: “Three noteworthy accomplishments for the third quarter are: 1) The Bank materially reduced its quarterly borrowing costs from $247k to $163k and reduced its dependency on higher cost institutional and listing service CDs; 2) After deducting all one-time non-reoccurring expenses and provisions, the Bank’s year-to-date net income through September 30, 2026 was $185.4k; and 3) The Bank celebrated its 3(rd) year of operations and successfully exited its “de-novo” period.”
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