Menu Search

Company Announcements

BNCCorp Inc

BNCCORP, INC. REPORTS FIRST QUARTER NET INCOME OF $1.8 MILLION, OR $0.50 PER DILUTED SHARE

Highlights

  • Net income during the first quarter of 2025 increased $24 thousand or 1.4%, to $1.8 million, or $0.50 per diluted share, from $1.7 million, or $0.49 per diluted share, in the 2024 period.
  • The efficiency ratio remained constant at 73.95% in the first quarter of 2025 versus 73.50% in the first quarter of 2024.
  • Yield on loans held for investment improved to 5.78% for the first quarter of 2025 compared to 5.51% in the first quarter of 2024.
  • Loans held for investment increased $542 thousand, or 0.1%, to $699.3 million at March 31, 2025 from $698.7 million at December 31, 2024, and increased $21.4 million, or 3.2%, from $677.9 million at March 31, 2024.
  • The ratio of loans held for investment-to-deposits decreased to 82.4% at March 31, 2025 from 83.4% at December 31, 2024.
  • Allowance for credit losses as of March 31, 2025, increased to 1.33% of loans held for investment compared to 1.32% as of December 31, 2024.

BISMARCK, N.D. , April 30, 2025 /PRNewswire/ --BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC), which operates community banking and wealth management businesses in North Dakota and Arizona, today reported financial results for the first quarter ended March 31, 2025.

Management Commentary

"Our first-quarter results demonstrate the consistency and resilience of our strategy," said Daniel J. Collins, BNC's President and Chief Executive Officer. "Despite an upswing in economic uncertainty and increased competitive pressure on deposit costs, we delivered stable earnings, maintained strong capital and liquidity levels, and preserved credit quality."

"Loan yields improved year-over-year, and deposit growth contributed to a modest increase in total available funding, which helps position us to deploy capital prudently in any economic scenario. We're particularly pleased that we maintained our net interest margin of 3.49% in an environment where margin compression remains a challenge for many institutions."

"As we move forward, we remain committed to the strategic principles that helped us deliver a strong quarter: disciplined lending, cost-effective deposit growth, and careful risk management. These enduring values are the source of our financial strength and help us deliver consistent performance through a range of economic conditions."

2025 Versus 2024 First Quarter Comparison

The Company reported net income of $1.8 million, or $0.50 per diluted share, for the quarter compared to $1.7 million, or $0.49 per diluted share, in the first quarter of 2024.

First quarter interest income increased $323 thousand, or 2.8%, to $12.0 million in the first quarter of 2025 from $11.7 million in the first quarter of 2024. Average yield on interest-earning assets in the quarter improved to 5.34% from 5.23% in the first quarter of 2024 driven by a $23.5 million period-over-period increase in the average balance of loans held for investment and higher origination yields. Those increases were partially offset by lower yields on cash and cash equivalents, one less day in 2025, and a lower average balance of debt securities during the quarter.

Consolidated interest expense in the first quarter of 2025 was $4.1 million, an increase of $331 thousand from the 2024 period. The cost of core deposits in the first quarter of 2025 rose modestly to 1.88% versus 1.74% in the first quarter of 2024. The consolidated average balance of deposits increased by $25.3 million compared to the first quarter of 2024. The cost of interest-bearing liabilities was 2.42% during the first quarter of 2025, compared to 2.33% in the same period of 2024. The Company has experienced a migration from non-interest bearing deposits to higher rate products over recent periods along with an increase in deposit balances.

Net interest income for the first quarter of 2025 was $7.9 million, a decrease of $8 thousand, or 0.1%, from the first quarter of 2024. Net interest margin was 3.49% in the first quarter of 2025 compared to 3.52% reported in the prior year period.

Non-interest income during the first quarter of 2025 was $1.4 million, compared to $1.5 million in the 2024 first quarter. Bank charges and service fees were $125 thousand lower quarter-over-quarter primarily due to a reduction in deposits held in one-way sell positions. Using an associated banking network, the Company generates fee income on deposits not otherwise deployed by placing those deposits with other financial institutions to meet their liquidity needs. The deposits can be reclaimed for liquidity use by the Company at any time. Fees derived from the movement of deposits off the balance sheet can fluctuate significantly based on our customers' excess funding needs. As of March 31, 2025, off-balance sheet deposits were $18.1 million compared to $38.9 million as of March 31, 2024.

Non-interest expense during the first quarter of 2025 decreased $78 thousand, or 1.1%, year-over-year, primarily due to a $22 thousand reduction in data processing expense and a $113 thousand reduction in other expenses. The decrease in other expenses is a result of lower loan workout costs and lower director fees versus the previous period. The Company reported a modest increase in salary and employee benefits of $45 thousand, or 1.1% on a quarter-over-quarter basis. Merit based and inflationary increases in salaries and employee benefits were partially offset by lower headcount.

In the first quarter of 2025, consolidated income tax expense was $542 thousand, compared to $535 thousand in the first quarter of 2024. The Company maintained an effective tax rate of 23.5% for both periods presented.

Tangible book value per common share on March 31, 2025 was $27.62, compared to $26.60 at December 31, 2024. The Company's tangible common equity capital ratio increased to 10.06% as of March 31, 2025, compared to 9.68% on December 31, 2024.

Assets and Liabilities

Total assets were $966.6 million at March 31, 2025 versus $966.7 million at December 31, 2024. Total loans held for investment were $699.3 million on March 31, 2025 compared to $698.7 million on December 31, 2024. Debt securities decreased $1.7 million from year-end 2024, primarily due to normal amortization, while cash and cash equivalent balances totaled $102.9 million on March 31, 2025 compared to $100.8 million on December 31, 2024.

Total deposits increased $11.3 million to $848.8 million as of March 31, 2025, from a balance of $837.5 million on December 31, 2024. The Company also maintains off-balance sheet transactional deposits accounts and off-balance sheet time deposit accounts. Off-balance sheet deposits can fluctuate significantly as customers' cash sources or uses change. The Company remains committed to cultivating new deposit relationships and prioritizing liquidity.

The following table provides additional detail on the Company's total deposit relationships:

As of

(In thousands)


March 31,

2025


December 31,

2024


March 31,

2024

Deposits:










Non-interest-bearing


$

169,503


$

172,456


$

170,976

Interest-bearing –










Savings, interest checking and money market



582,239



579,608



565,151

Time deposits



97,105



85,436



69,984

Total on balance sheet deposits



848,847



837,500



806,111











Off-balance sheet deposits (1)



18,133



18,531



38,875











Total available deposits


$

866,980


$

856,031


$

844,986

(1)

The off-balance sheet deposits above do not include off-balance sheet time deposits that can be brought back on the balance sheet at various future maturity dates. As of March 31, 2025, the Company managed off-balance sheet time deposit balances of $6.2 million, compared to $13.9 million time deposit balances as of December 31, 2024 and $19.7 million time deposit balances as of March 31, 2024.

The Company remains highly focused on meeting the needs of its customers and ensuring deposit rates reflect changing market conditions. The Company estimates that deposit insurance and other deposit protection programs secure approximately 71% of its customers' deposit balances. This fact, combined with the Company's strong balance sheet and management's sustained focus on fostering a relationship-focused culture, has allowed the Company to maintain a significant deposit base.

Trust assets under administration decreased 1.2%, or $5.1 million, to $422.9 million at March 31, 2025, from $428.0 million at December 31, 2024. The Company has benefited from the acquisition of new assets under administration in 2025, but also experienced declines in the market value of financial assets attributable to declines in the broader financial markets.

Asset Quality

The allowance for credit losses was $9.3 million as of March 31, 2025, versus $9.2 million on December 31, 2024. The allowance for credit losses as a percentage of loans held for investment on March 31, 2025 increased from 1.32% as of December 31, 2024 to 1.33% at current quarter end.

Past due loans of 31-89 days decreased to $517 thousand as of March 31, 2025, compared to $1.2 million as of December 31, 2024. Nonperforming assets were $7.3 million on March 31, 2025, compared to $6.3 million on December 31, 2024. The ratio of nonperforming assets-to-total-assets was 0.75% at March 31, 2025 versus 0.65% at December 31, 2024. At March 31, 2025, $5.4 million, or 75%, of the $7.3 million in nonperforming loans were SBA loans supported by material government guarantees. When excluding the loan balances covered by government guarantees, the Company's non-performing assets-to-total-assets ratio was 0.32% on March 31, 2025.

The Company continues to monitor the evolving significant macroeconomic and geopolitical environment for possible impacts to the loan portfolio. As of March 31, 2025, classified loans were $5.0 million compared to $4.7 million of classified loans at December 31, 2024. As of March 31, 2025 and December 31, 2024, the Company had $14.0 million and $12.2 million, respectively, of potentially problematic loans, which are risk-rated as "special mention". As of March 31, 2025, $10.5 million of the loan balances are secured by hotels. While the Company has experienced an increase in special mention loans for this industry, the loans are not concentrated to a geographical location or specific property type. The remainder of the loans within the hotel industry are pass rated as of March 31, 2025.

BNC's loans held for investment are geographically concentrated in North Dakota and Arizona, comprising 54% and 24%, respectively, of the Company's total loans held for investment portfolio.

The North Dakota economy is influenced by the energy and agriculture industries. Changes in energy supply and demand, along with market sentiment have recently caused a decrease in oil prices that, if prolonged, could have a negative impact on the oil industry and ancillary services. Potential risks to North Dakota's energy and agriculture industries include the possibility of adverse national legislation, potential effects of trade policy, and changes in economic conditions. Depending on the severity of their impact, these factors could present potential challenges to credit quality in North Dakota.

The Arizona economy continues to diversify but continues to be influenced by the leisure and travel industries. Positive trends in both industries have been noted, but an extended slowdown in these industries may negatively impact credit quality in Arizona. While the Company's portfolio includes various sized loans spread over a large number of industry sectors, it has meaningful concentrations of loans to the hospitality and commercial real estate industries.

The following table approximately describes the Company's concentrations by industry:

Loans Held for Investment by Industry Sector












(in thousands)

March 31, 2025


December 31, 2024

Non-owner Occupied Commercial Real estate – not otherwise categorized

$

191,419


27

%


$

192,741


28

%

Consumer, not otherwise categorized


98,118


14




99,243


14


Hotels


90,247


13




86,863


12


Healthcare and social assistance


35,043


5




32,447


5


Agriculture, forestry, fishing and hunting


30,644


5




36,763


5


Retail trade


30,356


4




34,186


5


Transportation and warehousing


29,779


4




31,124


5


Non-hotel accommodation and food service


29,015


4




27,288


4


Art, entertainment and recreation


27,405


4




27,747


4


Mining, oil and gas extraction


22,961


3




23,685


4


Manufacturing


17,619


3




15,333


2


Construction contractors


17,295


3




13,938


2


Real estate and rental and leasing support services


15,676


2




15,385


2


Other service


15,652


2




14,325


2


Educational services


13,511


2




13,595


2


Professional, scientific, and technical services


9,877


2




9,854


1


Finance and insurance


8,308


1




8,586


1


Public administration


7,012


1




7,357


1


All other


8,395


1




7,322


1


   Total gross loans held for investment

$

698,332


100

%


$

697,782


100

%

Capital

Banks and bank holding companies operate under separate regulatory capital requirements. As of March 31, 2025, the Company's capital ratios exceeded all regulatory capital thresholds, including the capital conservation buffer.

A summary of the Company's and the Bank's capital ratios is presented below:

March 31,

2025


December 31,

2024

BNCCORP, INC. (Consolidated)





Tier 1 leverage


12.57 %


12.75 %

Common equity tier 1 risk based capital


12.65 %


12.36 %

Tier 1 risk based capital


14.52 %


14.22 %

Total risk based capital


15.66 %


15.35 %

Tangible common equity


10.06 %


9.68 %






BNC National Bank





Tier 1 leverage


11.74 %


11.89 %

Common equity tier 1 risk based capital


13.56 %


13.25 %

Tier 1 risk based capital


13.56 %


13.25 %

Total risk based capital


14.70 %


14.38 %

Tangible common equity


10.88 %


10.49 %

The Common Equity Tier 1 ratio, which is generally a comparison of a bank's core equity capital to its total risk weighted assets, is a measure of the current risk profile of the Bank's asset base from a regulatory perspective. The Tier 1 leverage ratio, which is based on average assets, does not consider the mix of risk-weighted assets.

The Company regularly evaluates the sufficiency of its capital to ensure compliance with regulatory capital standards and to serve as a source of strength for the Bank. The Company manages capital by assessing the composition of capital and the amounts available for growth, risk, or other purposes.

The Company made an election at the adoption of BASEL III to exclude changes in accumulated other comprehensive income from the calculation of regulatory ratios.

Share Repurchases

In December 2020, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of up to 175,000 shares of BNCCORP, INC. outstanding common stock. During the first quarter of 2024, the Company repurchased 50,000 shares of common stock for a total cost of $1.2 million, or approximately $23.25 per share. The Company has made no other share repurchases of common stock. As of March 31, 2025, there was 125,000 shares remaining under the current authorized share repurchase program.

About BNCCORP, INC.

BNCCORP, INC., headquartered in Bismarck, ND, is a registered bank holding company dedicated to providing banking and wealth management services to businesses and consumers in its local markets. The Company operates community banking and wealth management businesses in North Dakota and Arizona from 11 locations.

This news release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of BNC. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of our management and on information currently available to management are generally identifiable by the use of words such as "expect", "believe", "anticipate", "at the present time", "plan", "optimistic", "intend", "estimate", "may", "will", "would", "could", "should", "future" and other expressions relating to future periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations regarding future market conditions and our ability to capture opportunities and pursue growth strategies, our expected operating results such as revenue growth and earnings and our expectations of the effects of the regulatory environment or future pandemics on our earnings for the foreseeable future. Forward-looking statements are neither historical facts nor assurances of future performance. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to: the impact of current and future regulation; the risks of loans and investments, including dependence on local and regional economic conditions; competition for our customers from other providers of financial services; possible adverse effects of changes in interest rates; risks associated with our acquisition and growth strategies; and other risks, including the potential impact of the imposition of tariffs or retaliatory tariffs, which are difficult to predict and many of which are beyond our control. In addition, all statements in this news release, including forward-looking statements, speak only of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.

This press release contains references to financial measures, which are not defined in GAAP. Such non-GAAP financial measures include tangible common equity to total period end assets ratio. These non-GAAP financial measures have been included as the Company believes they are helpful for investors to analyze and evaluate the Company's financial condition.

FOR FURTHER INFORMATION:
WEBSITE: www.bnccorp.com 

 (Financial tables attached)

BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
 (Unaudited)




For the Quarter Ended,

(In thousands, except per share data)


March 31,
2025


December 31,
2024


March 31,
2024

INCOME STATEMENT










Interest income


$

12,000


$

11,883


$

11,677

Interest expense



4,149



3,960



3,818

Net interest income



7,851



7,923



7,859

Provision for credit losses



100



280



215

Net interest income after provision for credit losses



7,751



7,643



7,644

Non-interest income










Bank charges and service fees



668



695



793

Wealth management revenues



521



526



498

Gains on sales of loans, net



(1)



12



-

Other



196



240



247

Total non-interest income



1,384



1,473



1,538

Non-interest expense










Salaries and employee benefits



4,088



3,624



4,043

Professional services



262



326



255

Data processing fees



823



809



845

Marketing and promotion



183



219



188

Occupancy



399



401



390

Regulatory costs



132



130



135

Depreciation and amortization



273



271



266

Office supplies and postage



93



83



96

Other



576



402



689

Total non-interest expense



6,829



6,265



6,907

Income before taxes



2,306



2,851



2,275

Income tax expense



542



594



535

Net income


$

1,764


$

2,257


$

1,740











WEIGHTED AVERAGE SHARES










Common shares outstanding (a)



3,540,080



3,538,667



3,581,466

Dilutive effect of share-based compensation



969



611



5,517

Adjusted weighted average shares (b)



3,541,049



3,539,278



3,586,983











EARNINGS PER SHARE DATA










Basic earnings per common share


$

0.50


$

0.64


$

0.49

Diluted earnings per common share


$

0.50


$

0.64


$

0.49



(a)

Denominator for basic earnings per common share

(b)

Denominator for diluted earnings per common share

 

BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
 (Unaudited)



As of

(In thousands, except share, per-share and full-time equivalent data)


March 31,

2025


December 31,

2024


March 31,

2024

BALANCE SHEET DATA










Cash and cash equivalents


$

102,854


$

100,815


$

73,598

Debt securities available for sale



127,824



129,522



139,484

FRB and FHLB stock



2,386



2,387



2,387

Loans held for investment



699,266



698,724



677,870

Allowance for credit losses



(9,311)



(9,223)



(9,463)

Net loans held for investment



689,955



689,501



668,407

Premises and equipment, net



10,624



10,893



10,836

Operating lease right of use asset



527



618



855

Accrued interest receivable



3,979



4,108



4,371

Other



28,426



28,837



28,316

Total assets


$

966,575


$

966,681


$

928,254











Deposits:










Non-interest-bearing


$

169,503


$

172,456


$

170,976

Interest-bearing –










Savings, interest checking and money market



582,239



579,608



565,151

Time deposits



97,105



85,436



69,984

Total deposits



848,847



837,500



806,111

Guaranteed preferred beneficial interest in Company's subordinated debentures



15,464



15,464



15,464

Accrued interest payable



1,336



1,248



1,167

Accrued expenses



1,481



2,832



2,597

Operating lease liabilities



600



700



961

Dividends payable



-



14,304



-

Other



1,531



966



1,557

Total liabilities



869,259



873,014



827,857

Common stock



37



36



36

Capital surplus – common stock



27,103



26,904



26,800

Retained earnings



80,431



78,667



86,783

Treasury stock



(2,667)



(2,696)



(2,686)

Accumulated other comprehensive income, net



(7,588)



(9,244)



(10,536)

Total stockholders' equity



97,316



93,667



100,397

Total liabilities and stockholders' equity


$

966,575


$

966,681


$

928,254











OTHER SELECTED DATA










Trust assets under administration


$

422,887


$

427,994


$

408,891

Core deposits (1)


$

848,847


$

837,500


$

806,111

Tangible book value per common share (2)


$

27.62


$

26.60


$

28.51

Tangible book value per common share excluding accumulated other comprehensive income, net


$

29.77


$

29.22


$

31.50

Full time equivalent employees



138



136



140

Common shares outstanding



3,523,875



3,521,375



3,521,710



(1)

Core deposits consist of all deposits with customers.

(2)

Tangible book value per common share is equal to book value per common share.

 

BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
 (Unaudited)


AVERAGE BALANCE,
YIELD EARNED, AND
COST PAID


For the Quarter Ended

March 31, 2025


For the Quarter Ended

March 31, 2024


Quarter-Over-Quarter

Comparison

(dollars in thousands)


Average Balance


Interest Earned or Paid


Average Yield or Cost


Average Balance


Interest Earned or Paid


Average Yield or Cost


Change Due to












Rate


Volume


Total

Assets


























Interest-bearing due from banks


$

94,497


$

1,039


4.46 %


$

85,534


$

1,165


5.48 %


$

(235)


$

109


$

(126)

FRB and FHLB stock



2,387



35


6.00 %



2,373



33


5.59 %



2



-



2

Debt securities available for sale



128,144



1,014


3.21 %



147,843



1,264


3.44 %



(84)



(166)



(250)

Loans held for investment



695,519



9,912


5.78 %



672,036



9,215


5.51 %



386



311



697

Allowance for credit losses



(9,218)



-


0.00 %



(9,282)



-


0.00 %



-



-



-

    Total


$

911,329


$

12,000


5.34 %


$

898,504


$

11,677


5.23 %


$

69


$

254


$

323



























Liabilities


























Interest checking and money market


$

544,016


$

3,119


2.33 %


$

531,236


$

3,034


2.30 %


$

17


$

68


$

85

Savings



43,967



11


0.11 %



43,070



12


0.11 %



(1)



-



(1)

Time deposits



92,870



797


3.48 %



69,515



510


2.95 %



91



196



287

Subordinated debentures



15,464



222


5.81 %



15,464



262


6.81 %



(40)



-



(40)

    Total


$

696,317


$

4,149


2.42 %


$

659,285


$

3,818


2.33 %


$

67


$

264


$

331

Net Interest Income





$

7,851







$

7,859












Net Interest Spread








2.92 %








2.90 %










Net Interest Margin








3.49 %








3.52 %










 

For the Quarter Ended

(In thousands)


March 31,

2025


December 31,

2024


March 31,

2024

OTHER AVERAGE BALANCES










Total assets


$

965,440


$

936,111


$

952,223

Core deposits



846,986



806,517



821,664

Total equity



95,335



105,996



103,816

KEY RATIOS










Return on average common stockholders' equity (a)



6.85 %



7.86 %



6.12 %

Return on average assets (b)



0.74 %



0.96 %



0.74 %

Efficiency ratio (Consolidated)



73.95 %



66.68 %



73.50 %

Efficiency ratio (Bank)



70.92 %



63.87 %



69.57 %



(a)

Return on average common stockholders' equity is calculated by using net income as the numerator and average common equity (less accumulated other comprehensive income (loss)) as the denominator.

(b)

Return on average assets is calculated by using net income as the numerator and average total assets as the denominator.

 

BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
 (Unaudited)




As of

(In thousands)


March 31,

2025


December 31,

2024


March 31,

2024

ASSET QUALITY










Loans 90 days or more delinquent and accruing interest


$

871


$

-


$

882

Non-accrual loans



6,383



6,275



2,551

Total nonperforming loans


$

7,254


$

6,275


$

3,433

Repossessed assets, net



-



33



49

Total nonperforming assets


$

7,254


$

6,308


$

3,482

Allowance for credit losses


$

9,311


$

9,223


$

9,463

Ratio of total nonperforming loans to total loans



1.04 %



0.90 %



0.51 %

Ratio of total nonperforming assets to total assets



0.75 %



0.65 %



0.38 %

Ratio of nonperforming loans to total assets



0.75 %



0.65 %



0.37 %

Ratio of allowance for credit losses to total loans



1.33 %



1.32 %



1.40 %

Ratio of allowance for credit losses to nonperforming loans



128 %



147 %



276 %




For the Quarter Ended

(In thousands)


March 31,

2025


December 31,

2024


March 31,

2024

CHANGES IN NONPERFORMING LOANS










Balance, beginning of period


$

6,275


$

5,873


$

3,351

Additions to nonperforming



1,035



1,119



966

Charge-offs



-



(562)



(1)

Reclassified back to performing



(8)



-



(832)

Principal payments received



(24)



(155)



(33)

Transferred to repossessed assets



(24)



-



(18)

Balance, end of period


$

7,254


$

6,275


$

3,433

 

BNCCORP, INC.
CONSOLIDATED FINANCIAL DATA
 (Unaudited)




For the Quarter Ended

(In thousands)


March 31,

2025


December 31,

2024


March 31,

2024

CHANGES IN ALLOWANCE FOR CREDIT LOSSES










Balance, beginning of period


$

9,388


$

9,666


$

9,459

Provision



100



280



215

Loans charged off



(47)



(563)



(55)

Loan recoveries



5



5



4

Balance, end of period


$

9,446


$

9,388


$

9,623











Components:










Allowance for loan losses


$

9,311


$

9,223


$

9,463

Allowance for unfunded commitments


$

135


$

165


$

160











Ratio of net charge-offs to average total loans



(0.006) %



(0.081) %



(0.008) %

Ratio of net charge-offs to average total loans, annualized



(0.024) %



(0.325) %



(0.030) %




As of

(In thousands)


March 31,

2025


December 31,

2024


March 31,

2024

CREDIT CONCENTRATIONS










North Dakota










Commercial and industrial


$

66,274


$

69,391


$

61,700

Construction



1,177



1,056



3,187

Agricultural



33,320



39,301



34,013

Land and land development



7,986



7,803



8,042

Owner-occupied commercial real estate



39,033



38,393



35,872

Commercial real estate



118,240



121,985



135,325

Small business administration



19,425



19,658



19,036

Consumer



91,573



92,645



88,043

Subtotal gross loans held for investment


$

377,028


$

390,232


$

385,218

Consolidated










Commercial and industrial


$

105,369


$

107,778


$

94,357

Construction



11,615



5,903



14,447

Agricultural



36,115



42,103



36,514

Land and land development



9,374



11,243



10,165

Owner-occupied commercial real estate



85,673



81,560



86,237

Commercial real estate



243,820



244,364



251,370

Small business administration



87,432



84,799



72,120

Consumer



118,934



120,032



111,584

Total gross loans held for investment


$

698,332


$

697,782


$

676,794

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bnccorp-inc-reports-first-quarter-net-income-of-1-8-million-or-0-50-per-diluted-share-302442108.html

SOURCE BNCCORP, INC.