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:
- September 30, 2022
- March 31, 2022
- December 31, 2021
- September 30, 2021
- June 30, 2021
- March 31, 2021
- December 31, 2020
- September 30, 2020
- June 30, 2020
- March 31, 2020
Financial Highlights:
| Selected Financial Data |
Current EOP
9/30/2022
|
Previous YTD EOP
9/30/2021
|
Previous EOY
12/31/2021
|
| Total assets |
$563,534 |
$530,115 |
$538,082 |
| Securities available for sale |
$115,090 |
$101,553 |
$103,403 |
| Loans and lease, net of unearned income |
$406,752 |
$372,285 |
$368,517 |
| Deposits |
$485,012 |
$469,869 |
$477,644 |
| Shareholders' equity |
$29,900 |
$39,336 |
$40,522 |
| Significant Ratios |
9/30/2022 |
9/30/2021 |
12/31/2021 |
| Net interest margin |
3.20% |
3.37% |
3.35% |
| Return on average assets |
0.67% |
0.75% |
0.66% |
| Return on average shareholders' equity |
9.90% |
9.98% |
8.70% |
| Summary of Operations |
QTD CY
9/30/2022
|
QTD PY
9/30/2021
|
YTD CY
9/30/2022
|
YTD PY 9/30/2021 |
| Interest income |
$5,098 |
$4,959 |
$14,076 |
$13,618 |
| Interest expense |
$605 |
$474 |
$1,482 |
$1,491 |
| Net interest income |
$4,493 |
$4,485 |
$12,594 |
$12,127 |
| Provision for loan losses |
$182
|
$170 |
$482 |
$470 |
| Net interest income after provision for loan losses |
$4,311 |
$4,315 |
$12,112 |
$11,657 |
| Non-interest income |
$1,196 |
$1,323 |
$3,526 |
$3,900 |
| Non-interest expense |
$4,229 |
$4,326 |
$12,195 |
$11,908 |
| Income before income taxes |
$1,278 |
$1,312 |
$3,443 |
$3,649 |
| Income tax expense |
$305 |
$284 |
$710 |
$784 |
| Net income |
$973 |
$1,028 |
$2,733 |
$2,865 |
| Basic earnings per common share |
$2.49 |
$2.62 |
$6.98 |
$7.30 |
Basic earnings per class
A common share |
$2.73 |
$2.88 |
$7.68 |
$8.03 |
Period ended
(in thousands except per share data)
