Corporate Profile & Financial Highlights -
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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 6/30/2018 6/30/2017 12/31/2017
Total assets $378,457 $352,310 $364,926
Secuities available for sale $64,039 $78,746 $66,342
Loans and lease, net of unearned income $286,924 $253,183 $271,074
Deposits $312,797 $297,140 $302,798
Shareholders' equity $31,661 $32,006 $31,447

 

Significant Ratios 6/30/2018 6/30/2017 12/31/2017
Net interest margin 3.36% 3.28% 3.33%
Return on average assets 0.72% 0.71% 0.62%
Return on average shareholders' equity 8.29% 7.90% 6.87%

 

Summary of Operations QTD CY 6/30/2018 QTD PY 6/30/2017 YTD CY 6/30/2018 YTD PY 6/30/2017
Interest income $3,556 $3,234 $6,983 $6,360
Interest expense $533 $429 $1,051 $837
Net interest income $3,023 $2,805 $5,932 $5,523
Provision for loan losses $25 $25 $50 $50
Net interest income after provision for loan losses $2,998 $2,780 $5,882 $5,473
Non-interest income  $843 $889 $1,630 $1,594
Non-interest expense $3,016 $2,819 $5,901 $5,453
Income before income taxes $825 $850 $1,611 $1,614
Income tax expense $143 $201 $295 $389
Net income $682 $649 $1,316 $1,225
Basic earnings per common share $1.65 $1.55 $3.20 $2.93
Basic earnings per class
A common share
$1.82 $1.71 $3.52 $3.22