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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 304-258-1520 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 9/30/2020 9/30/2019 12/31/2019
Total assets $472,408 $412,645 $417,178
Securities available for sale $61,409 $58,269 $58,578
Loans and lease, net of unearned income $343,448 $309,277 $315,921
Deposits $413,325 $356,501 $361,060
Shareholders' equity $38,426 $36,406 $35,623
 
Significant Ratios 9/30/2020 9/30/2019 12/31/2019
Net interest margin 3.20% 3.32% 3.28%
Return on average assets 0.69% 0.76% 0.69%
Return on average shareholders' equity 8.32% 8.73% 7.90%
 
Summary of Operations QTD CY 9/30/2020 QTD PY 9/30/2020 YTD CY 9/30/2020 YTD PY 9/30/2019
Interest income $4,078 $4,043 $12,276 $12,011
Interest expense $621 $900 $2,205 $2,539
Net interest income $3,457 $3,143 $10,071 $9,472
Provision for loan losses $275 $50 $950 $150
Net interest income after provision for loan losses $3,182 $3,093 $9,121 $9,322
Non-interest income $1,209 $1,225 $3,818 $3,257
Non-interest expense $3,294 $3,400 $10,164 $9,779
Income before income taxes $1,097 $918 $2,775 $2,800
Income tax expense $188 $179 $474 $521
Net income $909 $739 $2,301 $2,279
Basic earnings per common share $2.24 $1.81 $5.66 $5.57
Basic earnings per class
A common share
$2.46 $1.99 $6.22 $6.13
 
Period ended
(in thousands except per share data)