CB Financial Services Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 2024
CBFV$40.34-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Six Months Ended June 30, | 2024 | 2023 |
|---|---|---|
| (Dollars in thousands) | ||
| OPERATING ACTIVITIES | ||
| Net Income | $6,847 | $6,915 |
| Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities | ||
| Net (Accretion) Amortization on Securities | (403) | 40 |
| Depreciation and Amortization | 1,400 | 1,420 |
| (Recovery) Provision for Credit Losses - Loans | (130) | 572 |
| Provision (Recovery) for Credit Losses - Unfunded Commitments | 57 | (60) |
| Loss on Securities | 197 | 332 |
| Gain on Purchased Tax Credits | (25) | (14) |
| Income from Bank-Owned Life Insurance | (295) | (280) |
| Gain on Bank-Owned Life Insurance Death Benefit Claims | (915) | — |
| Proceeds From Mortgage Loans Sold | 1,631 | 269 |
| Originations of Mortgage Loans for Sale | (2,233) | (266) |
| (Gain) Loss on Sale of Loans | (30) | 3 |
| Gain on Sale of Other Real Estate Owned and Repossessed Assets | 30 | — |
| Noncash Expense for Stock-Based Compensation | 376 | 361 |
| Increase in Accrued Interest Receivable | (568) | (561) |
| Gain on Disposal of Premises and Equipment | (274) | (11) |
| Decrease in Deferred Income Tax | (522) | — |
| Decrease in Taxes Payable | (2,557) | (839) |
| Increase in Accrued Interest Payable | 983 | 963 |
| Other, Net | (1,475) | (308) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,094 | 8,536 |
| INVESTING ACTIVITIES | ||
| Investment Securities Available for Sale: | ||
| Proceeds From Principal Repayments and Maturities | 6,784 | 8,135 |
| Purchases of Securities | (62,669) | — |
| Net Decrease (Increase) in Loans | 46,295 | (45,113) |
| Purchase of Premises and Equipment | (2,189) | (1,345) |
| Proceeds from Disposal of Premises and Equipment | 988 | 36 |
| Proceeds From a Claim on Bank-Owned Life Insurance | 2,678 | 731 |
| Proceeds From Sale of Other Real Estate Owned | 132 | — |
| Decrease (Increase) in Restricted Equity Securities | 226 | (503) |
| NET CASH USED IN INVESTING ACTIVITIES | (7,755) | (38,059) |
| FINANCING ACTIVITIES | ||
| Net Increase (Decrease) in Deposits | 82,609 | (5,188) |
| Net Decrease in Short-Term Borrowings | — | (8,060) |
| Proceeds From Other Borrowed Funds | — | 20,000 |
| Cash Dividends Paid | (2,566) | (2,554) |
| Treasury Stock, Purchases at Cost | (5) | (327) |
| Exercise of Stock Options | — | 45 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 80,038 | 3,916 |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 74,377 | (25,607) |
| CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 68,223 | 103,700 |
| CASH AND DUE FROM BANKS AT END OF PERIOD | $142,600 | $78,093 |
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Six Months Ended June 30, | 2024 | 2023 |
|---|---|---|
| (Dollars in thousands) | ||
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash Paid For: | ||
| Interest on Deposits and Borrowings (Including Interest Credited to Deposits of $12,070 and $5,462, Respectively) | $12,881 | $5,781 |
| Income Taxes | 4,222 | — |
| SUPPLEMENTAL NONCASH DISCLOSURE: | ||
| Proceeds Receivable from Claims on Bank-Owned Life Insurance | — | 664 |
| Other Real Estate Acquired in Settlement of Loans | 151 | 166 |
| Securities Purchased Not Settled | 7,556 | — |
| Syndicated Loans Purchased and Sold Not Settled, net | 14,672 | 6,976 |
| Right of Use Asset Recognized | 1,452 | — |
| Lease Liability Recognized | 1,452 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.