CB Financial Services Inc
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 13, 2024
CBFV$40.34-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition at and
| December 31, | 2023 | 2022 |
|---|---|---|
| (Dollars in Thousands, Except Per Share and Share Data) | ||
| ASSETS | ||
| Cash and Due From Banks: | ||
| Interest-Earning | $62,442 | $82,957 |
| Noninterest-Earning | 5,781 | 20,743 |
| Total Cash and Due From Banks | 68,223 | 103,700 |
| Securities: | ||
| Available-for-Sale Debt Securities, at Fair Value | 204,507 | 187,360 |
| Equity Securities, at Fair Value | 2,588 | 2,698 |
| Total Securities | 207,095 | 190,058 |
| Loans (Net of Allowance for Credit Losses of $9,707 and $12,819 at December 31, 2023 and 2022, Respectively) | 1,100,689 | 1,037,054 |
| Premises and Equipment, Net | 19,704 | 17,844 |
| Bank-Owned Life Insurance | 25,378 | 25,893 |
| Goodwill | 9,732 | 9,732 |
| Intangible Assets, Net | 958 | 3,513 |
| Accrued Interest Receivable and Other Assets | 24,312 | 21,144 |
| TOTAL ASSETS | $1,456,091 | $1,408,938 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-Bearing Demand Accounts | $277,747 | $390,405 |
| Interest-Bearing Demand Accounts | 362,994 | 311,825 |
| Money Market Accounts | 201,074 | 209,125 |
| Savings Accounts | 194,703 | 248,022 |
| Time Deposits | 230,641 | 109,126 |
| Total Deposits | 1,267,159 | 1,268,503 |
| Short-Term Borrowings | — | 8,060 |
| Other Borrowed Funds | 34,678 | 14,638 |
| Accrued Interest Payable and Other Liabilities | 14,420 | 7,582 |
| TOTAL LIABILITIES | 1,316,257 | 1,298,783 |
| STOCKHOLDERS' EQUITY | ||
| Preferred Stock, No Par Value; 5,000,000 Shares Authorized | — | — |
| Common Stock, $0.4167 Par Value; 35,000,000 Shares Authorized, 5,759,378 and 5,708,433 Shares Issued and 5,119,543 and 5,100,189 Shares Outstanding, Respectively | 2,400 | 2,379 |
| Capital Surplus | 85,334 | 83,953 |
| Retained Earnings | 83,392 | 63,861 |
| Treasury Stock, at Cost (639,835 and 608,244 Shares, Respectively) | (14,545) | (13,797) |
| Accumulated Other Comprehensive Loss | (16,747) | (26,241) |
| TOTAL STOCKHOLDERS' EQUITY | 139,834 | 110,155 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,456,091 | $1,408,938 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.