The bank’s total assets reached $628.4 million by the end of June, representing a 15% increase over the previous year. Growth was largely fueled by a $74.9 million expansion in gross loans, while total deposits rose 18% to $551.2 million. Net interest income also saw significant gains, rising 21% to $6.39 million, bolstered by a $90.5 million increase in average outstanding loans.
In section Releases
Blueharbor Bank Posts 40% Earnings Jump in Second Quarter
North Carolina-based blueharbor bank reported a sharp rise in profitability for the second quarter of 2026, with net income climbing to $3.52 million. This 40% year-over-year increase, driven by expanded loan portfolios and improved interest margins, lifted diluted earnings per share to $1.16 compared to $0.83 in the same period last year.
Operational efficiency improved as the bank maintained a lean efficiency ratio of 34.67%. Asset quality remained a standout metric, with the institution reporting zero non-performing assets for the seventh consecutive quarter. Jim Marshall, President and Chief Executive Officer, credited the consistent results to the bank's focus on strengthening client relationships. Looking ahead, the bank maintains robust capital levels, with a total risk-based capital ratio of 14.1% as of June 30, 2026.
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