Welcome to our dedicated page for Community Herita news (Ticker: CMHF), a resource for investors and traders seeking the latest updates and insights on Community Herita stock.
Community Heritage Financial, Inc. (CMHF) delivers personal and business banking solutions through Middletown Valley Bank, serving Maryland and Pennsylvania communities since 1908. This news hub provides investors and stakeholders with timely updates on CMHF's financial performance, strategic initiatives, and market developments.
Access official press releases, earnings reports, and regulatory filings in one centralized location. Track key updates including loan portfolio growth, deposit strategies, asset quality metrics, and community-focused banking innovations. Our curated news feed ensures you stay informed about CMHF's commercial real estate lending activities, cash management services, and regional economic partnerships.
This resource offers transparent insights into CMHF's operations without speculative analysis. Bookmark this page for direct access to verified information supporting informed decision-making. Check back regularly for new developments impacting CMHF's position in the community banking sector.
Community Heritage Financial (CMHF) reported net income of $1.4 million for Q2 2024, a 2.6% increase from Q1 2024. For the first half of 2024, net income totaled $2.8 million, up 41.9% year-over-year. Assets grew to $1.09 billion as of June 30, 2024, with loans increasing to $841.0 million.
The company's net interest margin improved to 2.83% in Q2 2024, up from 2.65% in Q2 2023. Noninterest income declined slightly quarter-over-quarter but increased year-over-year. Noninterest expenses rose due to increased salaries, benefits, and FDIC insurance costs.
Asset quality remained strong with non-performing assets to total assets at 0.16%. The Board declared a dividend of $0.06 per share, payable on August 9, 2024.
Community Heritage Financial (OTCPK: CMHF) has declared a quarterly cash dividend of $0.06 per share on its common stock, payable on August 9, 2024 to shareholders of record as of August 2, 2024. The company is the parent of Middletown Valley Bank, which provides personal and business banking services, as well as mortgage lending through its subsidiary, Millennium Financial Services (Mlend).
Originating in Middletown, Maryland in 1908, the Bank now operates offices in Frederick, Washington, Garrett, and Anne Arundel counties in Maryland, and Franklin County, Pennsylvania. This dividend announcement reflects the company's commitment to delivering value to its shareholders while maintaining its strong presence in the regional banking sector.
Community Heritage Financial, Inc. welcomes Jessica Green as an independent director to the board of directors. Ms. Green brings operational expertise from her background in organizations like L'Oréal USA and Antrim Way Honda. Her appointment is expected to add value to the company and the Bank as she joins the dedicated board members in steering the organization towards continued success.
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