First Pacific Bancorp Q2 FY26 net income drops to $28,101; pre-tax, pre-provision profit falls to $503,000
Reuters2026/07/30 13:02- First Pacific Bancorp posted Q2 net income of USD 28,101, down 93.8% from a year earlier, on a USD 470,000 provision.
- Pre-tax, pre-provision profit fell to USD 503,000 from USD 634,000 in Q2 2025.
- Total assets rose to USD 515 million at June 30, up USD 25 million from Dec. 31, while loans climbed to USD 353 million, up USD 33 million.
- Deposits increased to USD 420 million, up USD 14 million since year-end; cash and cash equivalents were USD 52 million with unused borrowing capacity of USD 164 million.
- Management cited strong loan and deposit growth with conservative underwriting, while earnings reflected the truck-loan wind-down and related USD 371,000 charge-off.
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