Shareholder Information

Company Profile

Company Profile

CNB At A Glance

  • Headquarters
  • Hillsdale, MI
  • Established
  • 1934
  • Ticker (OTC PINK)
  • CNBB
  • Assets
  • $947.9 million
  • Loans, net
  • $778.0 million
  • Deposits
  • $847.7 million
  • Consolidated Equity / BV per Share
  • $68.1 million / $32.19
  • YTD Return on Average Assets ^
  • 1.30%
  • YTD Return on Average Equity
  • 15.85%
  • Cost of Funds *
  • 0.49%
  • Net Interest Margin (FTE)*
  • 3.93%
  • Efficiency Ratio (FTE)*
  • 63.80%
  • Loans / Deposits
  • 93.22%
  • NPAs (excl. TDRs)/Assets *
  • 0.34%
  • Shares Outstanding
  • 2,161,436

CNB Geographic Footprint

CNB Geographic Footprint Geographic Footprint Key

Note: Financial data as of June 30, 2020 except where otherwise noted.
* Denotes bank level information as of the second 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) 237 18,175,246 8.00
2 Flagstar Bancorp Inc. (MI) 114 13,026,148 5.73
3 Independent Bank Corp. (MI) 69 3,010,833 1.33
4 Mercantile Bank Corp. (MI) 42 2,627,194 1.16
5 Macatawa Bank Corp. (MI) 29 1,667,936 0.73
6 Level One Bancorp Inc. (MI) 17 1,506,449 0.66
7 Arbor Bancorp Inc. (MI) 8 1,458,168 0.64
8 First National Bancshares Inc. (MI) 3 1,364,945 0.60
9 Isabella Bank Corporation (MI) 30 1,283,750 0.57
10 ChoiceOne Financial Services (MI) 27 1,125,939 0.50
11 Northpointe Bancshares Inc. (MI) 1 1,092,421 0.48
12 Mackinac Financial Corp (MI) 23 915,167 0.40
13 Fentura Financial Inc. (MI) 15 796,405 0.35
14 Keweenaw Financial Corporation (MI) 12 724,261 0.32
15 First State Financial Corp. (MI) 14 714,835 0.31
16 Southern Michigan Bancorp Inc. (MI) 16 634,409 0.28
17 CNB Community Bancorp Inc. (MI) 13 605,321 0.27
18 Northstar Financial Group Inc. (MI) 11 550,927 0.24
19 United Bank Financial Corp. (MI) 14 520,102 0.23
20 First National Bancorp Inc. (MI) 5 468,786 0.21
  Total For Institutions In Market 2,382 227,161,319  

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) 5 289,007 54.25
2 Southern Michigan Bancorp Inc. (MI) 1 79,545 14.93
3 Fifth Third Bancorp (OH) 1 64,700 12.15
4 Flagstar Bancorp Inc. (MI) 1 62,653 11.76
5 Century Financial Corp. (MI) 1 19,577 3.68
6 TCF Financial Corp. (MI) 1 17,205 3.23
  Total For Institutions In Market 10 532,687  
         
  Jackson, MI      
1 Flagstar Bancorp Inc. (MI) 8 899,473 42.23
2 Comerica Inc. (TX) 8 394,960 18.54
3 Huntington Bancshares Inc. (OH) 6 283,315 13.30
4 CNB Community Bancorp Inc. (MI) 5 228,918 10.75
5 Fifth Third Bancorp (OH) 1 87,864 4.13
6 Old National Bancorp (IN) 1 55,266 2.59
7 Farmers State Bank of Munith (MI) 2 43,973 2.06
8 Bank Michigan (MI) 1 42,929 2.02
9 PNC Financial Services Group (PA) 1 31,847 1.50
10 Independent Bank Corp. (MI) 5 31,288 1.47
  Total For Institutions In Market 36 2,129,846  

Investment Considerations

  • 17th largest bank headquartered in Michigan, ranked by deposits, with focus on local communities it serves
  • #1 in deposit market share (over 54%) in Hillsdale County and #4 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 – 0.49% as of June 30, 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 June 30, 2019. 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 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