Mountain Pacific Bancorp, Inc. Reports Third Quarter 2026 Results

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October 8, 2026

Mountain Pacific Bancorp, Inc. (OTCPK: MPCB), (“Mountain Pacific”) or the (“Company”), the holding company for Mountain Pacific Bank (the “Bank”), reported pre-tax net income of $4.4 million for the third quarter of 2026 and $12.3 million for the first nine months of 2026. All results are unaudited.

Mountain Pacific’s third quarter of 2026 operating results reflected continued growth and strong financial performance. Highlights compared with the second quarter of 2026 and the third quarter of 2025 include:

  • Net interest income was $10.0 million, compared with $9.3 million in the second quarter of 2026 and $8.8 million in the third quarter of 2025.
  • Non-interest income was $1.4 million, compared with $1.7 million in the second quarter of 2026 and $1.7 million in the third quarter of 2025.
  • Non-interest expense was $6.3 million, compared with $6.5 million in the second quarter of 2026 and $5.5 million in the third quarter of 2025.
  • Total loans increased $50.9 million during the quarter to $799.4 million at September 30, 2026, compared with $748.5 million at June 30, 2026.
  • Total deposits increased $40.5 million during the quarter to $747.0 million at September 30, 2026, compared with $706.5 million at June 30, 2026.
  • FHLB borrowings totaled $80.0 million at quarter-end.

“Mountain Pacific remains dedicated to being the local bank of choice for our customers, communities, and employees. Our continued financial performance reflects the strength of our
customer relationships, the dedication of our employees, and the ongoing success of our community banking model,” stated Mark Duffy, President and CEO.

Credit quality and overall portfolio performance remained strong during the quarter. The Bank continues to prudently build its allowance for credit losses to provide protection against potential deterioration in economic conditions. The allowance for credit losses was $14.7 million at September 30, 2026, an increase of $200,000 from June 30, 2026.

Third Quarter 2026 Financial Highlights:

  • Return on average assets (“ROAA”) before taxes was 1.90% for the third quarter of 2026.
  • Return on average equity (“ROAE”) before taxes was 17.92% for the third quarter of 2026.
  • Net interest margin (“NIM”) was 4.38% for the third quarter of 2026, compared with 4.30% in the second quarter of 2026.
  • Provision for credit losses was $600,000 for the third quarter of 2026.
  • Total loans grew $50.9 million, or 6.8%, during the quarter to $799.4 million at September 30, 2026, compared with $748.5 million at June 30, 2026.
  • Total deposits grew $40.5 million, or 5.7%, during the quarter to $747.0 million at
    September 30, 2026, compared with $706.5 million at June 30, 2026. Core deposits represented 62% of total deposits, while non-interest-bearing deposits represented 19% of total deposits at September 30, 2026.
  • Capital remained strong, with Mountain Pacific Bank exceeding regulatory wellcapitalized requirements at September 30, 2026. The Bank reported a leverage ratio of 11.8% and a total risk-based capital ratio of 14.0%.

About Mountain Pacific Bancorp

Mountain Pacific Bancorp, headquartered in Everett, Washington, is the parent company of Mountain Pacific Bank, a locally owned community bank serving businesses and individuals throughout Snohomish, King, Skagit, and Whatcom counties. With full-service offices in Everett, Lynnwood, Ballard, Burlington, and Bellingham, the Bank provides relationship focused banking solutions for small and mid-sized businesses, professional service firms, real estate developers and investors, nonprofit organizations, and consumers. Committed to exceptional service, local decision-making, and trusted financial guidance, Mountain Pacific Bank helps businesses and families thrive.

Contact:

Mark Duffy, President
(425) 263-3500

Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of Mountain Pacific Bancorp and on information available to management at the time these statements were made. There are several factors, many of which are beyond Mountain Pacific Bancorp’s control, which could cause actual conditions, events, or results to differ significantly from those described in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) revenues may be lower than expected; (3) changes in the interest rate environment may reduce interest margins; (4) general economic conditions, either nationally or regionally, may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and/or a reduced demand for credit; (5) legislative or regulatory changes, including changes in accounting standards and tax laws, may adversely affect the businesses in which Mountain Pacific Bancorp is engaged; (6) competitors may have greater financial resources and develop products that enable such competitors to compete more successfully than Mountain Pacific Bancorp; and (7) adverse changes may occur in the securities markets or with respect to inflation. Forward-looking statements speak only as of the date they are made. Except as required by law, Mountain Pacific Bancorp does not undertake to update forward-looking statements to reflect subsequent circumstances or events