July 21, 2025
Lyons Bancorp Inc., the parent financial holding company of The Lyons National Bank (LNB), has continued to perform well in the first half of 2025, driven by strategic focus, strong financial execution, and agility in adapting to evolving market conditions. The second quarter of 2025 presented a mixed economic landscape for many banks to assess, with ongoing uncertainties surrounding trade policy, worldwide political actions, and their potential impact on the economy. While a recession is not the base case scenario, downside risks remain, with businesses and policymakers closely monitoring economic results.
Despite these factors, we are pleased to report LNB’s continued quarter-over-quarter growth, with solid and improving financial results through the first half of 2025. Lyons Bancorp, Inc., reported earnings of $5.0 million or $1.42 per common share for the second quarter of 2025, as compared to $4.1 million or $1.15 per common share reported for the first quarter of 2025; a 23.5% increase. Both numbers are reported on a fully diluted basis. Contributing to the quarter-over-quarter earnings per share improvement was an increase in non-interest income and net interest income as well as steady loan growth.
At June 30, 2025, assets totaled $2.045 billion, as compared to $2.026 billion reported at March 31, 2025. Loans grew by $30 million or 2% from $1.480 billion at March 31, 2025, to $1.510 billion at June 30, 2025. Deposits totaled $1.877 billion at June 30, 2025, as compared to $1.864 billion at March 31, 2025. Shareholders’ equity grew to $156.8 million at June 30, 2025, compared to $153.3 million at March 31, 2025. Net interest margin improved during the quarter, with tangible shareholder equity increasing to $127.6 million at June 30, 2025, compared to $121.7 million at March 31, 2025. The Tier 1 leverage capital ratio showed a slight improvement at 7.90% on June 30, 2025, from 7.88% on March 31, 2025. The Bank maintains a strong capital position, driven by the benefit of net income, partially offset by dividends paid.
At June 30, 2025, the Bank’s net interest margin was 2.78% compared to 2.64% at March 31, 2025. The increase was due to higher rates on earnings assets offset by the impact of current interest rates on the deposit mix.
Lyons Bancorp continues to deliver strong expense management and improved its efficiency ratio to 61.09% at June 30, 2025, a change from 65.37% on March 31, 2025. Return on average assets increased to 0.99% at June 30, 2025 from 0.83% at March 31, 2025. Return on average shareholder’s equity increased to 16.03% at June 30, 2025 from 13.75% at March 31, 2025.
The credit quality of the loan portfolio remains stellar in the second quarter of 2025. Loans not performing to their original contract totaled only 0.34% at the end of the second quarter of 2025, remaining well below the local and national industry average.
“The quality and solid performance of our loan portfolio as well as our practice of maintaining strong reserves, enables our outstanding staff to continue to focus on providing excellent service to our customers and growing LNB,” said Thomas L. Kime, President and CEO.
At June 30, 2025, Lyons Bancorp had 3.5 million shares outstanding on a diluted basis. As of June 30, 2025, the last stock trade reported was $39.60 per share. Lyons Bancorp, Inc. is a publicly-owned company and its common shares are traded on the OTCQX Best Market under the stock symbol LYBC.
Lyons Bancorp, Inc. is the financial holding company for The Lyons National Bank. The Lyons National Bank is a community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario and Wolcott in Wayne County; Penn Yan in Yates County; Jordan in Onondaga County; Geneva, Canandaigua and Farmington in Ontario County; Waterloo in Seneca County, Perinton in Monroe County and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.