Exchange Bank Reports Decline in Q4 Net Income

Exchange Bank (OTC: EXCH) reported a drop in fourth-quarter net income for 2025, citing higher provisions for credit losses and rising operating expenses. The Santa Rosa, California-based lender posted net income of $8.2 million, down from $9.6 million in the same period a year earlier. Total revenue reached $34.1 million, a 3% increase year-over-year, driven by growth in net interest income. However, non-interest expenses rose 7% to $22.4 million, and the bank set aside $1.8 million for loan loss reserves, compared to $1.1 million in Q4 2024. CEO David L. Sands noted the bank remains well-capitalized despite near-term headwinds from a cautious economic outlook.