#Calvin B. Taylor Bankshares, Inc. Financial Results Overview
Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB) has announced its financial results for the second quarter of 2026 (2Q26), revealing a net income of $3.7 million, or $1.40 per share. This figure shows a decrease compared to $3.8 million, or $1.44 per share, in the previous quarter, and is slightly down from $3.9 million, or $1.42 per share, in the same quarter of the previous year.
Despite the dip in quarterly net income, the bank recorded significant growth in loans and deposits. Total loans increased by $39 million, or 5.9%, since the end of 2025, reflecting strong organic expansion and sustained customer demand. Additionally, deposits rose by $22.4 million, or 2.6%, during the second quarter, contributing to a total increase of $27 million, or 3.2%, from year-end 2025.
For the first half of 2026, net income totaled $7.5 million, equivalent to $2.85 per share. This was a modest decrease from $7.6 million, or $2.79 per share, recorded in the first half of 2025. The bank's total assets surpassed $1 billion for the first time, reaching $1.02 billion, driven by robust loan and deposit growth alongside well-maintained capital and liquidity positions.
The net interest income showed positive trends, increasing by $349,000, or 3.8%, from the previous quarter, and by $794,000, or 4.7%, year-over-year. The net interest margin improved to 4.05% as of 2Q26, up from 3.98% in the prior quarter and 3.84% a year earlier. Asset quality remained strong, with nonperforming loans and net charge-offs reported at low levels, although one commercial real estate loan of approximately $4.5 million was placed on nonaccrual status.
Noninterest expenses increased significantly to $5.43 million in 2Q26, up 14.2% from the previous quarter, primarily due to one-time professional service costs and higher employee expenses. The efficiency ratio rose to 50.69%, reflecting the impact of these rising costs on overall profitability. The average return on assets was reported at 1.50%, down from 1.61% in the prior year.
Calvin B. Taylor Bankshares, Inc. continues to focus on enhancing customer relationships through investment in retail banking and lending teams. Chief Executive Officer M. Dean Lewis emphasized the importance of meeting customer needs while creating long-term shareholder value through strategic investments in technology and banking solutions.
Calvin B. Taylor Bankshares, Inc. reported net income of $3.7 million, or $1.40 per share, for the second quarter of 2026. This represents a decrease compared to net income of $3.8 million, or $1.44 per share for the first quarter of 2026, and $3.9 million, or $1.42 per share for the second quarter of 2025.
Net interest income for the first half of 2026 increased by $1.8 million, or 10.9%, compared to the same period last year. This growth was mainly attributed to increases in interest income from loans and investment securities, despite a slight decline in some areas.
Calvin B. Taylor Bankshares, Inc. exceeded $1 billion in total assets, reflecting strong growth driven by organic loan and deposit increases. Total assets grew as a result of a $39 million increase in loans and a $22.4 million increase in deposits during the second quarter of 2026.
Nonperforming loans and net charge-offs for Calvin B. Taylor Bankshares, Inc. remained at low levels. However, one commercial real estate loan relationship totaling approximately $4.5 million was placed on nonaccrual status; despite this, management believes collateral values remain sufficient and does not currently anticipate any loss.
Calvin B. Taylor Bankshares, Inc. experienced a deposit increase of $22.4 million, or 2.6%, during the second quarter of 2026, and an overall increase of $27 million or 3.2% from year-end 2025. This trend points to strong customer demand and strategic growth in deposits.
Noninterest expenses for Calvin B. Taylor Bankshares, Inc. increased by $675 thousand, or 14.2%, from the first quarter of 2026, primarily due to one-time professional service costs and increased salaries and benefits, indicating higher operational costs despite aims for efficiency.
As of June 30, 2026, stockholder equity for Calvin B. Taylor Bankshares, Inc. was reported at $131.5 million, reflecting a 6.9% increase compared to the previous year, which signals robust financial health but also underscores the impact of strategic compensation adjustments and investments to attract talent.
Calvin B. Taylor Bankshares, Inc. and its subsidiary, Calvin B. Taylor Bank, remain well capitalised according to regulatory standards. As of June 30, 2026, they exceeded the threshold required to be classified as well capitalised under the Community Bank Leverage Ratio.