Community Herita Stock Price, News & Analysis

Community Heritage Financial, Inc. (OTC Pink: CMHF) has declared a quarterly cash dividend of $0.04 per share, payable on November 5, 2021. Shareholders of record on October 29, 2021 will receive this dividend. The company, which includes Middletown Valley Bank and Millennium Financial Group, operates in Maryland and Pennsylvania. The dividend reflects the company's ongoing commitment to return value to its shareholders.

Community Heritage Financial, Inc. (OTC Pink: CMHF) reported a record year-to-date net income of $2.501 million or $1.11 per share for the first half of 2021, an increase of 84% from the previous year. The second quarter net income was $892 thousand or $0.40 per share, down 44.6% from Q1. Strong residential mortgage activities and PPP loan forgiveness contributed to earnings. However, an isolated loan charge-off impacted second-quarter results, necessitating increased provisions. Deposits grew by $16.5 million (2.5%) and credit quality remains strong, with non-performing assets at 0.36%.

Community Heritage Financial, Inc. (OTC Pink: CMHF) declared a quarterly cash dividend of $0.04 per share, payable on August 6, 2021, to shareholders of record by July 30, 2021. This action reflects the company's commitment to returning value to its investors. As the parent company of Middletown Valley Bank and Millennium Financial Group, CMHF continues to operate actively in the Maryland and Pennsylvania regions, providing full-service banking and lending solutions.

Community Heritage Financial, Inc. (CMHF) reported record earnings for Q1 2021, with net income of $1.609 million ($0.71 per share), a 2.7% increase from Q4 2020 and a significant rise from $510,000 ($0.23 per share) in Q1 2020. Key contributors included strong residential mortgage activity and lower operating costs. Loan growth was robust at $131.1 million year-over-year, with deposits up 22.1%. The company raised its loan loss reserve to 1.69%, addressing potential COVID-19 impacts, while remaining committed to community support. A dividend of $0.04 per share was declared for May 2021.

On April 19, 2021, Community Heritage Financial (OTC Pink: CMHF) declared a quarterly cash dividend of $0.04 per share on its common stock. This dividend is scheduled for payment on May 7, 2021 to shareholders on record as of April 30, 2021. The company operates through its subsidiaries, Middletown Valley Bank and Millennium Financial Group, providing comprehensive banking and mortgage services across Maryland.

Community Heritage Financial, Inc. (OTC Pink: CMHF) has appointed Beth Dellaposta to its Board of Directors. Dellaposta brings extensive experience as the Chief Financial Officer of Doing Better Business, a woman-owned enterprise. Her local market knowledge and financial expertise are expected to enhance the company's strategic vision and community support efforts. The board expressed confidence in her leadership skills, which are anticipated to add significant value moving forward.

Community Heritage Financial, Inc. (CMHF) reported a net income of $1.201 million for Q3 2020, compared to $849 thousand in Q2 2020, resulting in $0.53 earnings per share (EPS), up from $0.38 in the previous quarter. Year-to-date, EPS stands at $1.14, an increase from $0.92 in 2019. The company saw significant growth in mortgage loans and commercial loans, with net loans increasing by $30.3 million. Despite increased provisions for loan losses attributed to COVID-19, the bank maintained a strong loan loss reserve ratio of 1.22%.

Community Heritage Financial announced a quarterly cash dividend of $0.04 per share, payable on November 6, 2020, to shareholders of record as of October 30, 2020. The company, which operates Middletown Valley Bank and Millennium Financial Group, is based in Middletown, Maryland. This dividend reflects the company’s ongoing commitment to returning value to its shareholders.

Community Heritage Financial, Inc. (OTCPink: CMHF) announced the adjournment of its annual stockholder meeting to give beneficial holders more time to vote on amendments to its Articles of Incorporation. The proposals include increasing authorized shares and adjusting voting requirements for corporate transactions. While over 80% of shares voted supported the amendments, not enough proxies were received from broker record holders prior to the meeting. The adjourned meeting is scheduled for December 3, 2020, ensuring all stockholders can participate.