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 1-888-258-1520, by downloading the PDF Annual Report below, or by clicking the Flipbook link and viewing it online.

• 2021 Annual Report (PDF)
• 2022 Annual Report (PDF)
• 2022 Annual Report (Flipbook)
• 2023 Annual Report (PDF)
• 2023 Annual Report (Flipbook)

Press Releases:

• October 28th, 2024
• July 15th, 2024
• May 9th, 2024
• March 31, 2024
• December 31, 2023
• June 30, 2023
• March 31, 2023
• December 31, 2022
• 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

For additional requests, please contact us.

 

Financial Highlights:

Selected Financial Data	Current EOP 6/30/2024	Previous YTD EOP 6/30/2024	Previous EOY 12/31/2023
Total assets	$625,261	$578,395	$611,870
Securities available for sale	$98,667	$112,700	$115,750
Loans and lease, net of unearned income	$477,894	$427,928	$456,521
Deposits	$551,056	$520,532	$552,944
Shareholders' equity	$38,818	$34,509	$37,485

Significant Ratios	6/30/2024	6/30/2024	12/31/2023
Net interest margin	3.06%	3.11%	3.08%
Return on average assets	0.74%	0.62%	0.58%
Return on average shareholders' equity	11.98%	10.40%	10.04%

Summary of Operations	QTD CY  06/30/2024	QTD PY 06/30/2023	YTD CY 06/30/2024	YTD PY 06/30/2023
Interest income	$7,317	$5,950	$14,282	$11,804
Interest expense	$2,750	$1,591	$5,270	$3,126
Net interest income	$4,567	$4,359	$9,012	$8,678
Provision for loan losses	$88	$93	$128	$214
Net interest income after provision for loan losses	$4,479	$4,266	$8,884	$8,464
Non-interest income	$1,376	$1,017	$2,515	$2,185
Non-interest expense	$4,236	$4,159	$8,471	$8,370
Income before income taxes	$1,619	$1,124	$2,928	$2,279
Income tax expense	$401	$244	$661	$485
Net income	$1,218	$880	$2,267	$1,794
Basic earnings per common share	$3.12	$2.25	$5.80	$4.59
Basic earnings per class A common share	$3.43	$2.48	$6.38	$5.05