Net interest income for the third quarter of 2025 increased by $460,000 or 9.8% compared to the respective 2024 period. Interest income decreased by $177,000, mainly due to a decrease in loans. Interest expense decreased by $636,000, mainly due to a decrease in wholesale funding and funding costs. Non-interest income increased by $17,000 or 3.1%. Operating expenses increased by $19,000 or 0.5%.
Total assets were $548 million as of September 30, 2025 compared to $574 million as of September 30, 2024. The decrease in assets was mainly due to the repayment of wholesale funding and trust preferred debt totaling $24 million. While total loans decreased by $30 million or 7.3% due to the high-interest rate environment and early loan payoffs, loan quality remained strong with a non-performing assets ratio of 0.26%. Additionally, CEFC's wholly owned subsidiary, Commercial Bank, remains significantly above "well capitalized" for regulatory purposes.
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Selected Financial Data (unaudited):
Quarter Ended
Year to Date
Sep 30, 2025
Sep 30, 2024
Sep 30, 2025
Sep 30, 2024
Return on Equity
13.35%
11.32%
12.36%
11.09%
Return on Assets
1.30%
0.98%
1.16%
0.92%
Net Interest Margin
3.97%
3.47%
3.82%
3.37%
Sep 30, 2025
Sep 30, 2024
Non-Performing Assets Ratio
0.26%
0.21%
Tier 1 Leverage Capital Ratio(1)
10.86%
10.17%
Total Risk-Based Capital Ratio(1)
17.75%
16.35%
Book Value Per Share
$13.90
$12.80
Market Value Per Share
$12.10
$9.03
(1)Ratios are for Commercial Bank
Consolidated Statements of Income (unaudited):
Quarter Ended
Year to Date
Sep 30, 2025
