Pacific Valley Bancorp Reports Strong Third Quarter Results with Double-Digit Balance Sheet Growth and Improved Profitability Over the Prior Year
Key Highlights
- ➤Third-quarter net income $1.4 million, up 45.2% year over year
- ➤Total loans $589 million, up 13.5% year over year
- ➤Total deposits $575 million, up 11.6% year over year
- ➤Nine-month net income $3.9 million, up 39.8% year over year
- ➤Net interest margin 3.84%, up from 3.53% year over year
Expert Statements
Anker Fanoe, CEO of Pacific Valley Bancorp
“We are pleased to report a 45% year-over-year improvement in net income to $1.4 million in the third quarter of 2026, as we maintain growth in loans and deposits over the third quarter of 2025. Loans increased $70 million and deposits increased by $60 million from September 30, 2025. Total loans grew 13.5% year-over-year as of September 30, 2026, with 82% of that secured by collateral.”
Anker Fanoe, CEO of Pacific Valley Bancorp
“Our growth strategy has matured to the point that we are achieving economies of scale and improved profitability. This trend should result in improved operational efficiency. We take great pride in the quality of the staff we have assembled and are effectively competing against the banks in our market. I am pleased to see our loans grow by $41 million in the quarter given our very high credit standards. We are making progress”
Steve Leen, Executive Vice President and CFO of Pacific Valley Bancorp
“Our liquidity position remains strong, as our primary liquidity ratio (cash, deposits held in other banks, and securities as a percentage of total assets) was 10.07% on September 30, 2026, compared to 11.29% for the same month a year ago. As of September 30, 2026, on-balance sheet liquidity totaled $67 million and contingent liquidity, which includes borrowing capacity with the Federal Home Loan Bank, the Federal Reserve Bank, correspondent banks and brokered deposits, was $361 million. Our combined on-balance sheet liquidity and contingent liquidity amount to 122% of our uninsured deposits”
Pacific Valley Bancorp Reports Strong Third Quarter Results with Double-Digit Balance Sheet Growth and Improved Profitability Over the Prior Year PR Newswire
SALINAS, Calif., Oct. 27, 2026 /PRNewswire/ -- Pacific Valley Bancorp (OTC Markets: PVBK), parent company of Pacific Valley Bank, today announced its unaudited financial results for the third quarter of 2026. Net income was $1.4 million or $0.24 per share for the third quarter, exceeding the quarter ended September 30, 2025, by 45.2% as higher interest income offset higher interest and non-interest expense. Total assets increased 11.9% over the quarter ended September 30, 2025, to $667 million, total loans increased 13.5% to $589 million, and total deposits increased 11.6% to $575 million.
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