CNB Bank Inc logo

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.

Download the PDF

Download the Flipbook

 

 

Financial Highlights

Period ended
(in thousands except per share data)

 

Selected Financial Data 9/30/2018 9/30/2017 12/31/2017
Total assets $387,402 $358,120 $364,926
Secuities available for sale $64,249 $74,503 $66,342
Loans and lease, net of unearned income $294,715 $263,333 $271,074
Deposits $315,737 $303,273 $302,798
Shareholders' equity $32,010 $32,313 $31,447

 

Significant Ratios 9/30/2018 9/30/2017 12/31/2017
Net interest margin 3.37% 3.30% 3.33%
Return on average assets 0.73% 0.70% 0.62%
Return on average shareholders' equity 8.53% 7.83% 6.87%

 

Summary of Operations QTD CY 9/30/2018 QTD PY 9/30/2017 YTD CY 9/30/2018 YTD PY 9/30/2017
Interest income $3,799 $3,379 $10,783 $9,739
Interest expense $655 $463 $1,706 $1,300
Net interest income $3,144 $2,916 $9,077 $8,439
Provision for loan losses $34 $25 $85 $75
Net interest income after provision for loan losses $3,110 $2,891 $8,992 $8,364
Non-interest income  $949 $802 $2,579 $2,396
Non-interest expense $3,148 $2,832 $9,049 $8,285
Income before income taxes $911 $861 $2,522 $2,475
Income tax expense $187 $242 $482 $631
Net income $724 $619 $2,040 $1,844
Basic earnings per common share $1.76 $1.49 $4.96 $4.43
Basic earnings per class
A common share
$1.94 $1.64 $5.46 $4.87