Company Profile
CNB At A Glance
- Headquarters
- Hillsdale, MI
- Established
- 1934
- Ticker (OTC PINK)
- CNBB
- Assets
- $937.9 million
- Loans, net
- $784.0 million
- Deposits
- $840.2 million
- Consolidated Equity / BV per Share
- $72.0 million / $33.76
- YTD Return on Average Assets ^
- 1.25%
- YTD Return on Average Equity
- 14.94%
- Cost of Funds *
- 0.43%
- Net Interest Margin (FTE)*
- 3.82%
- Efficiency Ratio (FTE)*
- 66.89%
- Loans / Deposits
- 92.07%
- NPAs (excl. TDRs)/Assets *
- 0.28%
- Shares Outstanding
- 2,161,587
CNB Geographic Footprint

Note: Financial data as of December 31, 2020 except where otherwise noted.
* Denotes bank level information as of the fourth quarter 2020.
^ 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 |
TCF Financial Corp. (MI) |
225 |
20,072,995 |
7.46 |
2 |
Flagstar Bancorp Inc. (MI) |
114 |
17,183,697 |
6.04 |
3 |
Independent Bank Corp. (MI) |
66 |
3,560,622 |
1.25 |
4 |
Mercantile Bank Corp. (MI) |
43 |
3,271,692 |
1.15 |
5 |
Macatawa Bank Corp. (MI) |
29 |
2,125,132 |
0.75 |
6 |
Level One Bancorp Inc. (MI) |
17 |
1,833,483 |
0.64 |
7 |
First National Bancshares Inc. (MI) |
3 |
1,740,938 |
0.61 |
8 |
Arbor Bancorp Inc. (MI) |
8 |
1,690,996 |
0.59 |
9 |
ChoiceOne Financial Services (MI) |
31 |
1,559,619 |
0.55 |
10 |
Northpointe Bancshares Inc. (MI) |
1 |
1,518,305 |
0.53 |
11 |
Isabella Bank Corporation (MI) |
30 |
1,441,179 |
0.51 |
12 |
Fentura Financial Inc. (MI) |
15 |
1,021,960 |
0.36 |
13 |
Mackinac Financial Corp (MI) |
22 |
1,014,263 |
0.36 |
14 |
CNB Community Bancorp Inc. (MI) |
13 |
850,590 |
0.30 |
15 |
First State Financial Corp. (MI) |
14 |
836,415 |
0.29 |
16 |
Keweenaw Financial Corporation (MI) |
12 |
825,060 |
0.29 |
17 |
Southern Michigan Bancorp Inc. (MI) |
16 |
768,184 |
0.27 |
18 |
Northstar Financial Group Inc. (MI) |
11 |
663,070 |
0.23 |
|
Total For Institutions In Market |
2,355 |
284,300,266 |
|
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 |
368,265 |
56.94 |
2 |
Southern Michigan Bancorp Inc. (MI) |
1 |
99,428 |
15.37 |
3 |
Fifth Third Bancorp (OH) |
1 |
72,334 |
11.18 |
4 |
Flagstar Bancorp Inc. (MI) |
1 |
63,083 |
9.75 |
5 |
Century Financial Corp. (MI) |
1 |
23,011 |
3.56 |
6 |
TCF Financial Corp. (MI) |
1 |
20,669 |
3.20 |
|
Total For Institutions In Market |
10 |
646,790 |
|
|
|
|
|
|
|
Jackson, MI |
|
|
|
1 |
Flagstar Bancorp Inc. (MI) |
8 |
1,293,595 |
46.59 |
2 |
Comerica Inc. (TX) |
8 |
461,040 |
16.61 |
3 |
CNB Community Bancorp Inc. (MI) |
5 |
354,706 |
12.78 |
4 |
Huntington Bancshares Inc. (OH) |
6 |
326,866 |
11.77 |
5 |
Fifth Third Bancorp (OH) |
1 |
97,170 |
3.50 |
6 |
Bank Michigan (MI) |
1 |
48,943 |
1.76 |
7 |
Farmers State Bank of Munith (MI) |
2 |
48,860 |
1.76 |
8 |
Old National Bancorp (IN) |
1 |
48,813 |
1.76 |
9 |
PNC Financial Services Group (PA) |
1 |
36,073 |
1.30 |
10 |
Independent Bank Corp. (MI) |
1 |
35,257 |
1.27 |
|
Total For Institutions In Market |
34 |
2,751,323 |
|
Investment Considerations
- 14th largest bank headquartered in Michigan, ranked by deposits, with focus on local communities it serves
- #1 in deposit market share (over 56%) 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 – 0.43% as of December 31, 2020
- 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 September 30, 2020. Michigan total includes all deposits in state of Michigan, including out of state banks.
Net Interest Margin & Efficiency Ratio

Earnings & Dividends Per Share

* Note: Net interest margin and efficiency ratio are at the bank level.
Book Value and Dividends Per Share

Loan Composition

Deposit Composition

*Note: Information shown is at the bank level
Loan Loss Provisions & Net Charge Offs

Tangible Common Equity/Tangible Assets

*Note: Information shown at bank level
Consolidated Balance Sheet

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 39.5% dividend payout ratio since 2011
- The Company has achieved double digit returns on equity each of the last 8 years, effectively managing its growth prospects and shareholder returns