2024 Third Quarter Financial Highlights: Net income was $959,000 compared to $776,000 for the second quarter of 2024. Deposits increased $32.7 million, or 6.1%, from the second quarter of 2024.
2024 Second Quarter Financial Highlights: Total loans ended the quarter at $464 million, a 7% increase year-over-year. Interest income increased 11% year-over-year to $7.4 million as compared to $6.6 million in second quarter 2023.
TACOMA, WA / ACCESSWIRE / August 1, 2024 / Commencement Bancorp, Inc. (OTCQX:CBWA) (the "Company") and Commencement Bank (the "Bank") announced today that Brandi Parker joined the Bank as Executive Vice President and Chief Financial Officer on July 29th, 2024, along with Mandie Ereth as Senior Vice President and Finance & Accounting Manager. Parker and Ereth came from Olympia-based Heritage Bank, where they held positions in the finance department.