Delaware County National Bank

County National Bank Expanding Service Area to Kalamazoo County

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Wednesday, August 2, 2023

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HILLSDALE, Mich., Aug. 2, 2023 /PRNewswire/ -- County National Bank ("CNB") has experienced unprecedented growth in the last few years.

Key Points:

HILLSDALE, Mich., Aug. 2, 2023 /PRNewswire/ -- County National Bank ("CNB") has experienced unprecedented growth in the last few years.
"I am thrilled to announce that County National Bank is expanding into Kalamazoo County," said Joe Williams, President and CEO of County National Bank.
In Kalamazoo County and with Travis and Trent, we have the ideal combination for successful growth of both the community and County National Bank."
County National Bank is proud to be a community bank that exceeds the expectations of its clients.

CNB COMMUNITY BANCORP, INC. REPORTS FIRST QUARTER 2023 RESULTS

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Friday, April 14, 2023

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HILLSDALE, Mich., April 14, 2023 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months ended March 31, 2023.

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HILLSDALE, Mich., April 14, 2023 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months ended March 31, 2023.
Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") increased to $1.34 during the three months ended March 31, 2023, up $0.31 from $1.03 during the first quarter of 2022.
The annualized return on average equity ("ROE") increased to 13.2% for the current quarter, up from 11.1% for the first quarter of 2022.
Pre-tax, pre-provision income increased $798,000 to $4.0 million in the first quarter of 2023, compared to $3.2 million in the first quarter of 2022.

CNB COMMUNITY BANCORP, INC. REPORTS RECORD 2022 RESULTS

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Friday, January 13, 2023

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Earnings during the fourth quarter of 2022 totaled $3.1 million, an increase of $901,000 from the $2.2 million earned during the three months ended December 31, 2021.

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Earnings during the fourth quarter of 2022 totaled $3.1 million, an increase of $901,000 from the $2.2 million earned during the three months ended December 31, 2021.
For the year ended December 31, 2022, CNB Community Bancorp, Inc. (the "Company") reported record net income of $12.2 million, an increase of $769,000, or 6.7%, from the $11.4 million earned during the year ended December 31, 2021.
Basic earnings per share increased to $5.68 during the year ended December 31, 2022, up $0.32 from $5.36 during 2021.
Joseph R. Williams, President and Chief Executive Officer of CNB Community Bancorp, Inc. and County National Bank, stated, "2022 resulted in record earnings for CNB mostly due to rising interest rates.

CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.29 Per Share and Special Annual Dividend of $0.20 Per Share

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Friday, December 16, 2022

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Furthermore, as a special annual dividend, the Board of Directors declared an additional $0.20 per share with both payable on January 13, 2023.

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Furthermore, as a special annual dividend, the Board of Directors declared an additional $0.20 per share with both payable on January 13, 2023.
CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company.
Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934.
CNB provides a wide array of financial products and services through its 13 full-service offices and 19 ATMs.

CNB COMMUNITY BANCORP, INC. REPORTS RECORD RESULTS FOR THE THIRD QUARTER 2022

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Friday, October 14, 2022

Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") increased to $1.84 during the three months ended September 30, 2022, up $0.48 from $1.36 during the third quarter of 2021.

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Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") increased to $1.84 during the three months ended September 30, 2022, up $0.48 from $1.36 during the third quarter of 2021.
ROA decreased from 1.29% during the nine months ended September 30, 2021, compared to the 1.05% during the nine months ended September 30, 2022.
Net interest income in the third quarter of 2022 increased $1.8 million to $10.8 million compared to the third quarter of 2021.
Pre-tax, pre-provision income increased $1.4 million to $5.2 million in the third quarter of 2022, compared to $3.8 million in the third quarter of 2021.

CNB COMMUNITY BANCORP, INC. ANNOUNCES NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER

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Friday, September 16, 2022

Mr. Williams is currently serving as a member of the Board of Directors of the Company and the Bank.

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Mr. Williams is currently serving as a member of the Board of Directors of the Company and the Bank.
They understand community banking and I am looking forward to serving alongside a great executive team.
He is a talented, experienced and knowledgeable community banker with a track record of strong leadership, team building, and service to the community.
About CNB Community Bancorp Inc.
CNB Community Bancorp, Inc. (OTCQX:CNBB) is a one-bank holding company formed in 2005.

CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.28 Per Share

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Thursday, September 15, 2022

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CNB Community Bancorp Inc. (OTCQX: CNBB) is a one-bank holding company.

Key Points:

CNB Community Bancorp Inc. (OTCQX: CNBB) is a one-bank holding company.
Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934.
In 2022, CNB was ranked 30th in American Banker Magazine's Top 200 publicly traded banks under $2 billion and CNB has grown to over $1 billion in assets.
CNB provides a wide array of financial products and services through its 13 full-service offices and 19 ATMs.

CNB COMMUNITY BANCORP, INC. REPORTS SECOND QUARTER 2022 RESULTS

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Friday, July 15, 2022

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Earnings during the second quarter of 2022 totaled $2.9 million, a decrease of $369,000 or 11.2% compared to the $3.3 million earned during the three months ended June 30, 2021.

Key Points:

Earnings during the second quarter of 2022 totaled $2.9 million, a decrease of $369,000 or 11.2% compared to the $3.3 million earned during the three months ended June 30, 2021.
Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") decreased to $1.36 during the three months ended June 30, 2022, down $0.19 from $1.55 for the second quarter of 2021.
The annualized return on average equity (ROE) decreased to 14.4% for the current quarter, down from 17.6% for the second quarter of 2021.
Net income decreased $369,000, 11.2%, to $2.9 million in the second quarter of 2022 and basic EPS decreased $0.19, or 12.3%, to $1.36 from $1.55 in the second quarter of 2021.

CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.27 Per Share

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Friday, June 10, 2022

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CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company.

Key Points:

CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company.
Its subsidiary bank, County National Bank ("CNB"), is a nationally chartered full-service community bank that also offers investment management and trust services, which has been serving South Central Michigan since 1934.
In 2022, CNB was ranked 30th in American Banker Magazine's Top 200 publicly traded banks under $2 billion and CNB has grown to over $1 billion in assets.
CNB provides a wide array of financial products and services through its 13 full-service offices and 19 ATMs.

John R. Waldron Joins Southern Michigan Bank & Trust

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Friday, June 3, 2022

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COLDWATER, Mich., June 03, 2022 (GLOBE NEWSWIRE) -- Kurt Miller, President of Southern Michigan Bank & Trust recently announced the appointment of John R. Waldron as Jackson Market President.

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COLDWATER, Mich., June 03, 2022 (GLOBE NEWSWIRE) -- Kurt Miller, President of Southern Michigan Bank & Trust recently announced the appointment of John R. Waldron as Jackson Market President.
Since 2002, Waldron has worked at County National Bank (CNB) in Hillsdale, where he most recently served as President and CEO.
Southern Michigan Bancorp, Inc. is a bank holding company and the parent company of Southern Michigan Bank & Trust.
For more information, please visit the Southern Michigan Bank & Trust website at www.smb-t.com.