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EB Exchange Bank Ев Invested in you . FOR IMMEDIATE RELEASE August 4 , 2021 Exchange Bank Announces Second Quarter 2021 Earnings Santa Rosa , CA - On August 4 , 2021 , Exchange Bank announced results for the second quarter of 2021 , reporting net income after taxes of $ 8.22 million , compared with $ 7.85 million for the same quarter in 2020 , an increase of 4.71 % . The Bank's net interest income increased slightly from $ 23.19 million during the three months ended June 30 , 2020 to $ 23.24 million the same period in 2021. The 2021 interest income was supported by the PPP loans booked in both 2020 and 2021 and the fees associated with these loans . In the second quarter of 2021 , the Bank recognized $ 1.52 million in PPP loan fees ; there were no PPP loan fees recognized in the first six months of 2020. The Bank expects net interest margin to be a challenge for the remainder of 2021 and into the near future with the expectation that treasury yields will remain low . The Bank's results continue to be influenced by the changing patterns of behavior by both business and consumer clients as well as the fiscal and monetary response of the U.S. Government to the coronavirus pandemic . Non - interest income increased from $ 4.74 million in the second quarter of 2020 to $ 5.95 million in the similar period in 2021. A highlight of the favorable non - interest income is Trust and Investment Management with an increase of $ 0.55 million over the second quarter of 2020 to $ 2.64 million for the three months ended June 30 , 2021. In contrast to the overall increase in non - interest income , three areas are experiencing a downward trend : lower account service fees due to higher than normal compensating balances across both business and consumer deposit accounts ; a decline in interchange fees as a result of dramatically reduced consumer spending ; and lower SBA fee income due to diminished business activities during this period . These fee- based decreases are a continuing trend from 2020 which the Bank expects to continue for the remainder of 2021 . The quality of the Bank's loan portfolio remains strong ; however , due to the economic uncertainty that exists today , the Bank elected to strengthen its reserve for potential future