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. (OTCPK: CMHF) is the parent company of Middletown Valley Bank and Millennium Financial Group, Inc. (Mlend). Company news releases describe Middletown Valley Bank as a full-service commercial and retail bank providing personal and business banking services, and Mlend as a full-service mortgage lender with offices in specified Maryland locations. The organization’s news flow offers insight into its banking, mortgage lending, and corporate activities.
On this page, readers can review news items that cover quarterly financial results, including net income, net interest income, net interest margin, noninterest income components, noninterest expenses, and asset quality measures such as non-performing assets and net charge-offs. Earnings releases also discuss loan portfolio composition, deposit trends, funding sources, and the impact of interest rate changes and programs such as the Bank Term Funding Program offered through the Federal Reserve Bank.
Community Heritage Financial, Inc. also issues dividend announcements detailing quarterly cash dividends on its common stock, including per-share amounts, record dates, and payment dates. Additional news includes governance and leadership updates, such as the appointment of independent directors to the boards of the Company and the Bank and executive leadership transitions involving roles like Chief Risk Officer and Chief Operating Officer.
Investors and observers can use this news feed to follow how the company reports on its financial performance, balance sheet trends, credit quality, dividend decisions, and board and management changes. Regularly reviewing these updates can help users understand how Community Heritage Financial, Inc. describes its operations, regional banking presence, and mortgage lending activities over time.
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Community Heritage Financial, Inc. (CMHF) reported net income of $1.39 million or $0.48 per share for the first quarter of 2023, marking a decline from $1.44 million or $0.50 per share in the fourth quarter of 2022. Year-over-year, net income decreased by $431 thousand from $1.82 million in Q1 2022, which had included $320 thousand in PPP-related fees. Total assets grew to $936.6 million, up $6.5 million from Q4 2022 and $91 million year-over-year. Core loans increased by $9.1 million quarter-over-quarter to $757.6 million. However, total deposits fell by $23.6 million compared to Q4 2022, largely due to a $25 million withdrawal by a single customer. The company declared a dividend of $0.06 per share.
Community Heritage Financial, Inc. (OTCPK: CMHF) has declared a quarterly cash dividend of $0.06 per share, set to be paid on May 12, 2023. Shareholders on record as of May 5, 2023 will receive this dividend. This announcement reflects the company’s ongoing commitment to returning value to its investors. Middletown Valley Bank, a subsidiary of Community Heritage Financial, provides personal and business banking services in several Maryland counties and Franklin County, Pennsylvania. Established in 1908, the bank continues to serve its community while maintaining a focus on shareholder value.
Community Heritage Financial, Inc. (OTC PK: CMHF) reported record net income of $6.86 million or $2.85 per share for 2022, a 14% increase from 2021. Fourth quarter income was $1.44 million ($0.50 per share), down from $1.52 million in Q3 2022 but up from $1.26 million in Q4 2021. Total assets grew to $930.1 million, a $112.2 million increase year-over-year. Core loans reached $748.5 million, rising 22.6% compared to the previous year. The bank eliminated short-term debt, achieving zero balance on wholesale funding. However, net interest margin declined from 3.35% in Q3 to 3.15% in Q4 due to rising costs. A dividend of $0.06 per share was declared, reflecting a 50% increase from the previous quarter.