Community Herita Stock Price, News & Analysis

Community Heritage Financial, Inc. (OTCPK: CMHF) announced the appointment of Frankie Corsi, III, to its Board of Directors on April 15, 2022. Corsi, currently the president of Beachley Furniture Company, brings extensive experience, including a background as CFO at Ridgecrest Investments and a licensed CPA since 1997. Board Chairman James G. Pierne expressed confidence in Corsi's business acumen, while CEO Robert E. (BJ) Goetz, Jr. noted Corsi's leadership experience and financial expertise as valuable for the Company.

Community Heritage Financial, Inc. (CMHF) reported record earnings of $6.015 million or $2.67 per share for the year ending December 31, 2021, a 45.7% increase from 2020. However, fourth-quarter net income fell to $1.257 million or $0.56 per share, down 44.3% from Q3 2021 and 19.8% year-over-year. Key highlights include $43.7 million in core loan growth, a decline in PPP loan forgiveness income, and an uptick in provisions for loan losses. The bank showed robust deposit growth of $137 million year-over-year, enhancing its earning assets while maintaining strong credit quality.

Community Heritage Financial (OTC Pink: CMHF) has declared a quarterly cash dividend of $0.04 per share on its common stock. The dividend is set to be paid on February 11, 2022 to shareholders registered by February 4, 2022. This announcement reflects the company's commitment to returning value to its shareholders while maintaining a stable financial standing.

Community Heritage Financial, Inc. (CMHF) has announced a significant organizational change, seeking regulatory approval for its subsidiary Millennium Financial Group (Mlend) to become a wholly owned subsidiary of Middletown Valley Bank. This restructuring, approved by all boards, aims to enhance operational efficiencies and achieve cost savings. Both entities will retain their brand identities while benefiting from synergies in their market operations. The move reflects the company's strategy to streamline operations and strengthen its market position.

Community Heritage Financial, Inc. (OTC Pink: CMHF) reported record earnings for Q3 2021, achieving a net income of $2.257 million or $1.00 per share, an impressive 153% increase from Q2 2021. Year-to-date, net income reached $4.758 million or $2.11 per share, up 86% from the previous year. The growth was driven by robust residential mortgage loan activity and a recovery from prior loan charge-offs, contributing to a strong credit quality with non-performing assets at 0.31%. Total deposits rose by $47.6 million, reflecting solid demand. A dividend of $0.04 per share was declared for shareholders.

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.