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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 seven full-service offices and seven 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 onlne.

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Financial Highlights

Period ended
(in thousands except per share data)

 

Selected Financial Data 12/31/2017 12/31/2016
Total assets $364,926 $340,380
Secuities available for sale $66,342 $82,919
Loans and lease, net of unearned income $271,074 $235,904
Deposits $302,798 $289,550
Shareholders' equity $31,447 $30,332

 

Significant Ratios 12/31/2017 12/31/2016
Net interest margin 3.33% 3.29%
Return on average assets 0.62% 0.67%
Return on average shareholders' equity 6.87% 7.46%

 

Summary of Operations QTD CY 12/31/2017 QTD PY 12/31/2016 YTD CY 12/31/2017 YTD PY 12/31/2016
Interest income $3,495 $3,126 $13,234 $12,108
Interest expense $492 $419 $1,792 $1,594
Net interest income $3,003 $2,707 $11,442 $10,514
Provision for loan losses ($474) $45 ($399) $95
Net interest income after provision for loan losses $3,477 $2,662 $11,841 $10,419
Non-interest income  $780 $791 $3,176 $3,257
Non-interest expense $2,982 $2,539 $11,267 $10,811
Income before income taxes $1,275 $914 $3,750 $2,865
Income tax expense $942 $206 $1,573 $645
Net income $333 $708 $2,177 $2,220
Basic earnings per common share $0.78 $1.69 $5.23 $5.26
Basic earnings per class
A common share
$0.86 $1.86 $5.75 $5.79