CNB FINANCIAL
SERVICES, INC.
Announces
Results
For the Year
Mark D. Harrell, President/CEO of CNB Financial Services, Inc. (CNB), the parent company of CNB Bank, Inc. announced that CNB had consolidated net income for the year ended December 31, 2023 of $3.4 million, or $8.68 per common share and $9.55 per Class A common share compared to consolidated net income for the year ended December 31, 2022 of $3.8 million, or $9.59 per common share and $10.55 per Class A common share.
Capital is a key measure of a bank’s financial health and CNB continues to be rated a well-capitalized financial institution by regulatory authorities. CNB’s capital totaled $37.5 million or 6.1% of total assets as of December 31, 2023.
CNB, with total assets at December 31, 2023 of $611.9 million, has two full-service offices and ATMs in Berkeley Springs, West Virginia. The Bank has three full-service branch offices and ATMs in Berkeley County, West Virginia. Our Berkeley County office locations are in Hedgesville, South Martins- burg and Falling Waters, West Virginia. The Bank has three full-service branch offices and ATMs in Washington County, Maryland. Our Washington County office locations are in Hancock with our Hagerstown offices located at 1591 Potomac Avenue and 1625 Dual Highway.