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Corporate Profile & Financial Highlights

CNB Financial Services, Inc. was organized under the laws of West Virginia in March 2000 at the direction of the Board of Directors of CNB Bank, Inc. (CNB) for the purpose of becoming a financial services holding company. CNB Financial Services primary function is to direct, plan and coordinate the business activities for CNB and its subsidiary. CNB is a full-service commercial bank conducting general banking and trust activities through eight full-service offices and eight automated teller machines located in Morgan and Berkeley Counties, West Virginia and Washington County, Maryland.

Financial Reports

You may obtain copies of our latest financial reports by contacting Shareholder Relations at 844-832-2591 or 1-888-258-1520 or by downloading the PDF Annual Report below or by clicking the Flipbook link and viewing it online.

Press Releases:

For additional requests, please contact us.

 

Financial Highlights:

Selected Financial Data
 
 
Current EOP
6/30/2023

 

Previous YTD EOP
6/30/2022

 

Previous EOY
12/31/2022    
Total assets $578,395 $545,159 $582,697
Securities available for sale $112,700 $117,338 $114,204
Loans and lease, net of unearned income $426,928 $390,226 $429,813
Deposits $520,532 $481,279 $497,051
Shareholders' equity $34,509 $32,450 $31,940
Significant Ratios 6/30/2023 6/30/2022 12/31/2022
Net interest margin 3.11% 3.13% 3.22%
Return on average assets 0.62% 0.65% 0.68%
Return on average shareholders' equity 10.40% 9.08% 10.68%
Summary of Operations
QTD CY 
6/30/2023
QTD PY
6/30/2022
YTD CY
6/30/2023
YTD PY 6/30/2022
Interest income $5,950 $4,633 $11,804 $8,978
Interest expense $1,591 $449 $3,126 $876
Net interest income $4,359 $4,184 $8,678 $8,102
Provision for loan losses
$93
$170 $214 $300
Net interest income after provision for loan losses $4,266 $4,014 $8,464 $7,802
Non-interest income $1,017 $1,107 $2,185 $2,330
Non-interest expense $4,159 $4,014 $8,370 $7,967
Income before income taxes $1,124 $1,107 $2,279 $2,165
Income tax expense $244 $354 $485 $405
Net income $880 $753 $1,794 $1,760
Basic earnings per common share $2.25 $1.92 $4.59 $4.50
Basic earnings per class
A common share
$2.48 $2.12 $5.05 $4.95
Period ended
(in thousands except per share data)

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Routing Number 052204359

NMLS #681652

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