Muncy Columbia Financial Corporation reported net income of $5,768,000, or $1.63 per share, for the second quarter of 2025. This marks a 22.5% increase compared to $4,707,000, or $1.32 per share, in the second quarter of 2024. For the six months ended June 30, 2025, net income was $10,113,000, or $2.86 per share, up from $8,743,000, or $2.45 per share, in the prior year.
Net interest income for Q2 2025 increased by $2,448,000 to $14,808,000 from Q2 2024, driven by higher earning asset yields and lower interest expense. The fully-tax equivalent net interest margin expanded to 4.04% in Q2 2025 from 3.43% in Q2 2024. Total deposits grew by $68,634,000 in the first half of 2025, and gross loans receivable increased by $31,135,000.
Total non-performing assets increased to $13,844,000, or 0.86% of total assets, at June 30, 2025, from $10,117,000, or 0.63% of total assets, at December 31, 2024. The provision for credit losses increased significantly to $254,000 in Q2 2025 from $29,000 in Q2 2024. Despite these asset quality pressures, the company's equity to assets ratio improved to 10.91%, and book value per share increased to $49.87.
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