Community Bancorp net income jumps 24% on margin expansion; deposit runoff accelerates

Filed May 15, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~2 min read

Key Changes

• high

  Net income rose 23.9% to $4.4M in Q1 2026 vs. $3.5M in Q1 2025, driven by net interest margin expansion to 3.81% (up 32 bps year-over-year) as interest expense stabilized while loan yields continued to rise.

  MD&A: Net Income & Net Interest Margin verify on EDGAR →
• high

  Deposit runoff accelerated to $52.9M (4.9% decline) in Q1 2026 vs. $22.0M (2.2%) in Q1 2025, with money market funds down 20.4% and transaction accounts down 5.4%. Management attributes this to seasonal municipal account patterns.

  MD&A: Deposits verify on EDGAR →
• high

  Loan growth of $18.6M was broad-based across residential, CRE, municipal, and C&I segments, up from $12.3M in Q1 2025. Non-accruing loans improved to 0.73% of total loans from 0.95% a year earlier.

  MD&A: Loan Portfolio & Asset Quality verify on EDGAR →