<a href="https://laohu8.com/S/OXBC">Oxford Bank Corporation</a> Reports Higher Net Income and Increased Net Interest Income for <a href="https://laohu8.com/S/QTWO">Q2</a> 2025
Net income for the three months ended June 30, 2025, was $2.78 million, compared to $2.26 million for the same period in the previous year. Net interest income increased over the prior year, contributing to the rise in net income. The allowance for credit loss was $7.29 million at June 30, 2025, up from $7.27 million at March 31, 2025. Provisions for credit loss totaled $1.37 million for the quarter, primarily due to net charge-offs of $1.28 million. Nearly all charge-offs were related to a single loan relationship that was transferred to Other Real Estate Owned during the quarter. At June 30, 2025, 39% of non-accrual loans had SBA guarantees. The bank reported low levels of investment real estate and office exposure, with a diversified mix of industry and geography. Government guarantee programs, including those from the SBA and the Michigan Economic Development Corp., are actively utilized.
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