# Mission Valley Bancorp’s Quarterly Profit Falls to $1.2 Million

The California bank holding company reported higher net interest income, lower noninterest income and an increased credit-loss provision.

By Will Langan | 24X7 News
Published: 2026-10-31T01:00:58.864Z
Updated: 2026-10-31T01:00:58.864Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/mission-valley-bancorp-third-quarter-results-october-30-2026

Mission Valley Bancorp reported October 30 that third-quarter net income fell to $1.2 million, or 36 cents per diluted share, from $2.1 million, or 62 cents a share, a year earlier.

Net interest income rose to $8.4 million, an increase of about $500,000. Noninterest income declined by approximately $500,000 to $2.3 million.

The company recorded a $500,000 provision for credit losses, compared with $100,000 in the third quarter of 2025. It attributed that provision primarily to the charge-off of one commercial loan. Quarterly net charge-offs totaled $397,000.

At September 30, assets stood at $790.2 million and gross loans at $637.1 million. Deposits totaled $648.4 million, up $12.9 million from the end of 2025, driven by growth in noninterest-bearing accounts.

Nonaccrual loans increased to $13 million from $9.2 million at year-end. Classified loans rose to $33.1 million from $16.7 million, while past-due loans declined to $10.5 million from $15.6 million.

The release also highlighted a leadership transition: Brian Carlson became president and chief executive of Mission Valley Bank, while Tamara Gurney serves as executive chair and chief executive of the holding company.

Sources
Mission Valley Bancorp — October 30 quarterly results: https://www.businesswire.com/news/home/20261030775618/en/Mission-Valley-Bancorp-Reports-Third-Quarter-Results/

## Sources
- Mission Valley Bancorp — October 30 quarterly results: https://www.businesswire.com/news/home/20261030775618/en/Mission-Valley-Bancorp-Reports-Third-Quarter-Results/