WCF Bancorp Q2 FY26 net income rises 700% to $128,000 year over year - WCFB News | RalliesWCF Bancorp Q2 FY26 net income rises 700% to $128,000 year over year
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WCFB• Asset quality
- Nonaccrual loans rose to $8.9 million, or 5.1% of gross loans, tied mainly to two agricultural-related borrowing relationships.
Quarterly results and balance sheet
- WCF Bancorp posted net income of $128,000 in Q2, up 700% year over year.
- Net interest income rose 14.7% to $1.51 million, while the provision for credit losses increased to $36,000.
- Total assets slipped 1.4% to $225 million at June 30, while gross loans climbed 1.2% to a record $176.3 million.
- Deposits edged up 0.8% to a record $172.6 million, while other borrowed funds fell 13% to $30 million.
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