OSBK•Oconee Financial’s third-quarter 2026 net income rose 5% year over year to $1.62 million, while year-to-date earnings fell 9% to $3.98 million. Quarterly net interest income increased 7% to $7.25 million.
Oconee Financial’s third-quarter net income rose 5% year over year to $1.62 million. Net interest income climbed 7% to $7.25 million, driven by higher interest income on loans.
Loans increased 16% from year-end to $560.2 million at September 30. Nonperforming assets increased during the quarter, primarily after two commercial lending relationships totaling approximately $1.6 million and $4.9 million entered nonaccrual status. Management prioritized core deposit growth and improved operating efficiency.
