Shareholder Information

Company Profile

Company Profile

CNB At A Glance

  • Headquarters
  • Hillsdale, MI
  • Established
  • 1934
  • Ticker (OTC PINK)
  • CNBB
  • Assets
  • $1,046.9 billion
  • Loans, net
  • $768.2 million
  • Deposits
  • $945.1 million
  • Consolidated Equity / BV per Share
  • $76.9 million / $36.08
  • YTD Return on Average Assets ^
  • 1.39%
  • YTD Return on Average Equity
  • 17.62%
  • Cost of Funds *
  • 0.31%
  • Net Interest Margin (FTE)*
  • 3.68%
  • Efficiency Ratio (FTE)*
  • 69.77%
  • Loans / Deposits
  • 82.39%
  • NPAs (excl. TDRs)/Assets *
  • 0.22%
  • Shares Outstanding
  • 2,180,397

CNB Geographic Footprint

CNB Geographic Footprint

Note: Financial data as of June 30, 2021 except where otherwise noted.
* Denotes bank level information as of the second quarter 2021.
^ Denominator has average Payroll Protection Program loans removed.

State of Michigan (Market Share)

State of Michigan
Rank Institution Number of Branches Total Deposits ($000) Total Market Share (%)
1 Flagstar Bancorp Inc. (MI) 114 17,578,901 5.63
2 Independent Bank Corp. (MI) 67 3,928,765 1.26
3 Mercantile Bank Corp. (MI) 40 3,676,294 1.18
4 Macatawa Bank Corp. (MI) 29 2,607,679 0.84
5 Arbor Bancorp Inc. (MI) 8 2,176,399 0.67
6 Northpointe Bancshares Inc. (MI) 1 2,106,345 0.67
7 Level One Bancorp Inc. (MI) 17 2,058,272 0.66
8 First National Bancshares Inc. (MI) 3 2,008,978 0.64
9 ChoiceOne Financial Services (MI) 31 1,882,256 0.60
10 Isabella Bank Corporation (MI) 30 1,664,945 0.53
11 Fentura Financial Inc. (MI) 17 1,126,844 0.36
12 Southern Michigan Bancorp Inc. (MI) 16 953,489 0.31
13 CNB Community Bancorp Inc. (MI) 14 946,989 0.30
14 Keweenaw Financial Corporation (MI) 10 897,309 0.29
15 First State Financial Corp. (MI) 12 895,606 0.29
16 Northstar Financial Group Inc. (MI) 10 780,672 0.25
17 United Bank Finacial Corp. (MI) 12 678,994 0.22
  Total For Institutions In Market 2,243 312,144,909  

Primary Markets (Market Share)

Primary Markets
Rank Institution Number of Branches Total Deposits ($000) Total Market Share (%)
  Hilsdale, MI      
1 CNB Community Bancorp Inc. (MI) 5 389,506 55.32
2 Southern Michigan Bancorp Inc. (MI) 1 125,533 17.83
3 Fifth Third Bancorp (OH) 1 79,997 11.36
4 Flagstar Bancorp Inc. (MI) 1 65,453 9.30
5 Century Financial Corp. (MI) 1 27,584 3.92
6 Huntington Bancshares Inc. (OH) 1 16,037 2.28
  Total For Institutions In Market 10 704,110  
         
  Jackson, MI      
1 Flagstar Bancorp Inc. (MI) 8 1,152,314 41.04
2 Comerica Inc. (TX) 7 514,687 18.33
3 CNB Community Bancorp Inc. (MI) 5 405,826 14.45
4 Huntington Bancshares Inc. (OH) 6 351,089 12.50
5 Fifth Third Bancorp (OH) 1 101,186 3.60
6 Farmers State Bank of Munith (MI) 2 58,983 2.10
7 Old National Bancorp (IN) 1 51,102 1.82
8 Bank Michigan (MI) 1 51,099 1.82
9 Independent Bank Corp. (MI) 1 45,067 1.60
10 PNC Financial Services Group (PA) 1 42,127 1.50
  Total For Institutions In Market 31 2,773,480  

Investment Considerations

  • 13th largest bank headquartered in Michigan, ranked by deposits, with focus on local communities it serves
  • #1 in deposit market share (over 55%) in Hillsdale County and #3 market share in Jackson County
  • Experienced management team and board of directors, with vast knowledge of local markets
  • The Company is focused on building shareholder value and returning a share of profits to the shareholders
  • Low cost of funds – 0.31% as of June 30, 2021
  • Focus on long-term success of its shareholders, customers, employees, and community
  • Strong credit quality is heavily tied to the Bank's conservative underwriting processes

*The market share data displayed is for CNB Community Bancorp, Inc.
*Deposit information taken from S&P Global Market Intelligence as of June 30, 2021. Michigan total includes all deposits in state of Michigan, including out of state banks.

Net Interest Margin & Efficiency Ratio

Net Interest Margin & Efficiency Ratio

Earnings & Dividends Per Share

Earnings & Dividends Per Share

* Note: Net interest margin and efficiency ratio are at the bank level.

Book Value and Dividends Per Share

Book Value and Dividends Per Share

Loan Composition

Loan Composition

Deposit Composition

Deposit Composition

*Note: Information shown is at the bank level

Loan Loss Provisions & Net Charge Offs

Loan Loss Provisions & Net Charge Offs

Tangible Common Equity/Tangible Assets

Tangible Common Equity/Tangible Assets

*Note: Information shown at bank level

Consolidated Balance Sheet

Consolidated Balance Sheet

Consolidated Income Statement

Consolidated Income Statement

Consolidated Income Statement Highlights

  • CNB has a consistent stream of interest and non-interest income that allows for predictable profitability and a consistent dividend stream to its shareholders
  • CNB has averaged a 35.2% dividend payout ratio since 2012
  • The Company has achieved double digit returns on equity each of the last 8 years, effectively managing its growth prospects and shareholder returns