CNB FINANCIAL SERVICES, INC. ANNOUNCES RESULTS FOR THE QUARTER
Mark D. Harrell, President/CEO of CNB Financial Services, Inc. (CNB), the parent company of CNB Bank, Inc., announced for the three months ended March 31, 2021. CNB had consolidated net income of $942,000, or $2.39 per common share and $2.63 per Class A common share as compared to $631,000, or $1.55 per common share and $1.71 per Class A common share for the three months ended March 31, 2020.
Capital is a key measure of a bank’s financial health and CNB continues to be rated a well capitalized financial institution by regulatory authorities. CNB’s capital totaled $37.3 million or 7.4% of total assets as of March 31, 2021.
CNB, with total assets at March 31, 2021 of $505.4 million, has two full-service offices and ATMs in Berkeley Springs, West Virginia. The Bank has three full service branch offices and ATMs in Berkeley County, West Virginia. Our Berkeley County office locations are in Hedgesville, south Martinsburg, and Falling Waters, West Virginia. The Bank has three full service branch offices and ATMs in Washington County, Maryland. Our Washington County office locations are in Hancock, 1591 Potomac Avenue and the Bank’s newest location at 1625 Dual Highway in Hagerstown.