Hoyne Bancorp, Inc. reported a net loss of $118,352 for the first quarter of 2026, a decrease from a net loss of $166,035 in the same period of 2025. The company's total interest income increased by 12.3% to $5.3 million, driven primarily by a $614,000 rise in interest income from loans, reflecting growth in the commercial loan portfolio. However, noninterest income fell slightly to $278,865, down from $299,030 year-over-year, while noninterest expenses surged by 32.3% to $4.5 million, largely due to increased compensation costs.
As of March 31, 2026, Hoyne Bancorp's total assets decreased by 2.5% to $477.2 million, compared to $489.4 million at the end of 2025. This decline was primarily attributed to a significant drop in cash and cash equivalents, which fell by 71.7% to $13.5 million, as well as reductions in investment securities. In contrast, loans receivable increased by 7.7% to $288.6 million, indicating a strategic focus on expanding the loan portfolio. The allowance for credit losses rose to $2.8 million, reflecting the growth in loans.
The company’s deposits also decreased by 3.0% to $312.0 million, influenced by the maturity of certificates of deposit that did not renew amid a challenging interest rate environment. Total stockholders' equity slightly declined to $161.1 million, primarily due to an increase in accumulated other comprehensive loss. The company continues to maintain a strong capital position, with a Tier 1 leverage ratio of 27.8%, significantly above the regulatory requirement of 9.0%.
Operationally, Hoyne Bancorp has been focusing on enhancing its commercial loan offerings and expanding its market presence, including the establishment of a loan production office in Oak Park, Illinois. The bank operates six full-service banking offices and has plans for further growth. The management anticipates that noninterest expenses will continue to rise as the company expands its operations and implements new stock benefit plans in the coming months.
Looking ahead, Hoyne Bancorp remains committed to maintaining its liquidity and capital adequacy while navigating the current economic landscape. The company is closely monitoring interest rate fluctuations and their potential impact on net interest income, as well as the overall performance of its loan and investment portfolios. Management believes that the strategic initiatives in place will position the bank for future growth and stability.
About Hoyne Bancorp, Inc.
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