Oxford Bank Corporation Reports Second Quarter 2026 Operating Results
Oxford Bank Corporation (OTCQX: OXBC) reported second-quarter net income of $2.71 million, or $1.09 per share for the quarter ended June 30, 2026. This represents a slight decline from $2.78 million in Q2 2025 but an increase compared to $1.53 million in Q1 2026. The company noted strong deposit growth of $29 million and loan expansion of $21 million, driven by client relationships and brand strength. The Bank's commercial lending segment reached a record $147 million at quarter-end, with conventional commercial loans performing well despite some planned exits affecting overall balance sheet growth. Net interest income rose 10% year-over-year to $1.02 million, while the net interest margin expanded to 4.97%. The provision for credit losses was modest at $0.24 million, partially offset by recoveries of approximately $0.13 million. Total assets increased to $930.5 million as deposit growth and earning asset expansion continued. Total deposits reached $769.8 million with a stable cost of funds for retail branch deposits but higher costs from alternative funding channels.
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