The bank maintains a conservative capital structure with a consistent equity-to-assets ratio of 0.10, though nearly 90% of the $1.6 billion asset base is concentrated in investment securities.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'05 | Dec'04 | Dec'03 | Dec'02 |
|---|
| Cash & Short Term Investments | 207.76M | 31.69M | 309.09M | 272.73M | 291.06M | 341.78M | 303.81M | 274.89M | 278.76M | 144.21M | 120.49M | 107.2M | 117.2M | 150.23M | 11.94M | 13.35M | 13.08M | 10.35M | 10.83M |
| Cash & Due from Banks | 55.55M | 31.69M | 49.57M | 68.22M | 103.7M | 119.67M | 160.91M | 80.22M | 53.35M | 20.62M | 14.28M | 11.34M | 11.75M | 16.42M | 11.94M | 13.35M | 13.08M | 10.35M | 10.83M |
| Short Term Investments | 0 | 0 | 259.51M | 204.51M | 187.36M | 222.11M | 142.9M | 194.68M | 225.41M | 123.58M | 106.21M | 95.86M | 105.45M | 133.81M | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.45B | 1.43B | 1.35B | 1.31B | 1.23B | 1.23B | 1.18B | 1.14B | 1.13B | 859.18M | 780.3M | 772.73M | 786.4M | 508.58M | 514.29M | 291.92M | 271.09M | 248.44M | 229.54M |
| Investments Growth % | 23.19% | 6.4% | 2.91% | 6.57% | -0.57% | 4.82% | 3.28% | 1% | 31.37% | 10.11% | 0.98% | -1.74% | 54.63% | -1.11% | 76.17% | 7.68% | 9.12% | 8.23% | - |
| Long-Term Investments | 5.66B | 1.43B | 1.09B | 1.1B | 1.04B | 1.01B | 1.03B | 945.34M | 903.31M | 735.6M | 674.09M | 676.86M | 680.96M | 374.77M | 514.29M | 291.92M | 271.09M | 248.44M | 229.54M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 21.14M | 12.86M | 15.21M | 15.85M | 13.9M | 10.59M | 9.9M | 8.82M | 9.31M | 6.02M | 0 | 4.37M | 4.28M | 4.28M | 3.74M |
| Goodwill & Intangibles | 9.73M | 9.73M | 9.73M | 10.69M | 13.24M | 15.03M | 18.13M | 38.95M | 39.36M | 8.24M | 8.77M | 9.31M | 10.52M | 2.16M | 2.21M | 4.37M | 4.28M | 4.28M | 3.74M |
| Goodwill | 9.73M | 9.73M | 9.73M | 9.73M | 9.73M | 9.73M | 9.73M | 28.43M | 28.43M | 4.95M | 4.95M | 4.95M | 5.63M | 2.16M | 2.16M | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 958K | 3.51M | 5.29M | 8.4M | 10.53M | 10.93M | 3.28M | 3.82M | 4.35M | 4.89M | 0 | 52K | 4.37M | 4.28M | 4.28M | 3.74M |
| PP&E (Net) | 22.33M | 19.65M | 20.71M | 19.7M | 17.84M | 18.4M | 20.3M | 22.28M | 23.45M | 16.71M | 14.13M | 10.28M | 10.59M | 4.61M | 4.85M | 3.09M | 3.3M | 2.85M | 3.41M |
| Other Assets | 36.12M | 54.58M | 55.68M | 49.69M | 25.89M | 25.33M | 24.78M | 24.22M | 22.92M | 19.15M | 18.69M | 18.21M | 17.73M | 8.7M | 9.49M | 17.9M | 30.25M | 16.7M | 14.7M |
| Total Current Assets | 62M | 31.69M | 309.09M | 272.73M | 312.2M | 354.64M | 319.02M | 290.74M | 292.66M | 154.79M | 130.39M | 116.02M | 126.51M | 156.24M | 13.88M | 17.72M | 17.36M | 14.63M | 14.56M |
| Total Non-Current Assets | 1.52B | 1.52B | 1.17B | 1.18B | 1.1B | 1.07B | 1.1B | 1.03B | 989.04M | 779.7M | 715.68M | 714.66M | 719.8M | 390.24M | 532.88M | 317.39M | 309.24M | 268.35M | 248.02M |
| Total Assets | 1.58B | 1.55B | 1.48B | 1.46B | 1.41B | 1.43B | 1.42B | 1.32B | 1.28B | 934.49M | 846.08M | 830.68M | 846.31M | 546.49M | 546.75M | 335.11M | 326.6M | 282.98M | 262.58M |
| Asset Growth % | 7.45% | 4.46% | 1.75% | 3.35% | -1.16% | 0.62% | 7.2% | 3.25% | 36.97% | 10.45% | 1.85% | -1.85% | 54.86% | -0.05% | 63.15% | 2.61% | 15.41% | 7.77% | - |
| Return on Assets (ROA) | 0.44% | 0.32% | 0.86% | 1.57% | 0.79% | 0.81% | -0.78% | 1.1% | 0.64% | 0.78% | 0.9% | 1% | 0.62% | 0.78% | 0.96% | 0.89% | 0.54% | 0.54% | 0.84% |
| Accounts Payable | 0 | 0 | 0 | 0 | 7.58M | 8.88M | 8.57M | 7.51M | 6.44M | 3.78M | 3.36M | 4.03M | 5.09M | 1.76M | 0 | 1.33M | 868.51K | 909.53K | 964.91K |
| Total Debt | 37.75M | 34.76M | 34.72M | 34.68M | 22.7M | 56.87M | 49.05M | 44.57M | 81.96M | 64.11M | 82.05M | 69.81M | 61.82M | 19.38M | 30.37M | 16.52M | 23.9M | 27.66M | 23.13M |
| Net Debt | -17.8M | 3.06M | -14.85M | -33.55M | -81M | -62.81M | -111.86M | -35.65M | 28.61M | 43.48M | 67.77M | 58.47M | 50.07M | 2.97M | 18.43M | 3.17M | 10.82M | 17.31M | 12.31M |
| Long-Term Debt | 34.77M | 14.76M | 14.72M | 34.68M | 14.64M | 14.6M | 6M | 8M | 20M | 24.5M | 28M | 28M | 15.14M | 4M | 7M | 5.49M | 13.45M | 14.97M | 16.44M |
| Short-Term Debt | 623K | 20M | 20M | 0 | 8.06M | 42.27M | 43.05M | 36.57M | 61.96M | 39.6M | 54.05M | 41.81M | 46.68M | 15.38M | 23.37M | 11.03M | 10.45M | 12.69M | 6.7M |
| Other Liabilities | 1.39B | 15.59M | 15.95M | 14.42M | 0 | 0 | 0 | 0 | -30.98M | 0 | -27.03M | -9.36M | 0 | 0 | 471.91M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 623K | 1.36B | 1.3B | 1.27B | 1.28B | 1.28B | 1.28B | 1.16B | 1.16B | 816.73M | 755.63M | 725.14M | 749.27M | 497.48M | 23.37M | 301.66M | 286.66M | 241.61M | 220.05M |
| Total Non-Current Liabilities | 1.42B | 30.35M | 30.67M | 49.1M | 14.64M | 14.6M | 6M | 8M | -10.98M | 24.5M | 973K | 18.64M | 15.14M | 4M | 478.91M | 5.49M | 13.45M | 14.97M | 16.44M |
| Total Liabilities | 1.42B | 1.39B | 1.33B | 1.32B | 1.3B | 1.29B | 1.28B | 1.17B | 1.14B | 841.23M | 756.61M | 743.78M | 764.4M | 501.48M | 502.28M | 307.16M | 300.11M | 256.58M | 236.49M |
| Total Equity | 158.75M | 157.54M | 147.38M | 139.83M | 110.16M | 133.12M | 134.53M | 151.1M | 137.63M | 93.26M | 89.47M | 86.9M | 81.91M | 45.01M | 44.47M | 27.95M | 26.5M | 26.4M | 26.09M |
| Equity Growth % | 20.01% | 6.89% | 5.39% | 26.94% | -17.25% | -1.05% | -10.96% | 9.79% | 47.58% | 4.23% | 2.96% | 6.08% | 82.01% | 1.2% | 59.08% | 5.51% | 0.35% | 1.21% | - |
| Equity / Assets (Capital Ratio) | 10.03% | 10.18% | 9.95% | 9.6% | 7.82% | 9.34% | 9.5% | 11.43% | 10.75% | 9.98% | 10.57% | 10.46% | 9.68% | 8.24% | 8.13% | 8.34% | 8.11% | 9.33% | 9.94% |
| Return on Equity (ROE) | 4.45% | 3.22% | 8.77% | 18.04% | 9.25% | 8.65% | -7.45% | 9.92% | 6.11% | 7.6% | 8.6% | 9.98% | 6.76% | 9.51% | 11.65% | 10.76% | 6.22% | 5.62% | 8.49% |
| Book Value per Share | 29.85 | 29.69 | 27.79 | 27.30 | 21.39 | 24.69 | 24.88 | 27.73 | 27.35 | 22.69 | 21.90 | 21.34 | 31.09 | 18.16 | 17.96 | 11.78 | 11.15 | 11.04 | 10.89 |
| Tangible BV per Share | 28.02 | 27.85 | 25.96 | 25.21 | 18.82 | 21.90 | 21.53 | 20.58 | 19.53 | 20.68 | 19.75 | 19.06 | 27.09 | 17.29 | 17.06 | 9.94 | 9.35 | 9.25 | 9.33 |
| Common Stock | 2.45M | 2.43M | 2.41M | 2.4M | 2.38M | 2.37M | 2.37M | 2.37M | 2.37M | 1.82M | 1.82M | 1.82M | 1.82M | 1.09M | 1.08M | 1.02M | 1.02M | 1.02M | 1.02M |
| Additional Paid-in Capital | 88.08M | 87.64M | 86.37M | 85.33M | 83.95M | 83.29M | 82.72M | 82.97M | 83.22M | 42.09M | 41.86M | 41.61M | 41.76M | 5.97M | 5.64M | 3.74M | 3.67M | 3.67M | 3.66M |
| Retained Earnings | 93.08M | 90.63M | 90.86M | 83.39M | 63.86M | 57.53M | 51.13M | 66.95M | 57.84M | 55.28M | 51.71M | 47.73M | 42.77M | 40.81M | 38.62M | 24.67M | 22.8M | 22.08M | 21.5M |
| Accumulated OCI | -4.92M | -3.41M | -17.23M | -16.75M | -26.24M | -927K | 3.4M | 2.65M | -1.44M | -1.34M | -1.18M | 575K | 565K | -763K | 1.23M | -298.92K | 188.55K | 508.94K | 773.85K |
| Treasury Stock | -19.95M | -19.75M | -15.03M | -14.54M | -13.8M | -9.14M | -5.09M | -3.84M | -4.37M | -4.59M | -4.75M | -4.84M | -5M | -2.1M | -2.1M | -1.18M | -1.18M | -869.93K | -869.93K |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Geographic and sector concentration
According to reported financial statements, CBFV's total assets have remained largely range-bound between $1.5 billion and $1.6 billion over the past ten quarters, suggesting a strategic pivot toward balance sheet preservation rather than aggressive expansion in the current Appalachian economic environment.
The lack of meaningful asset growth indicates that the bank is likely prioritizing capital conservation over market share acquisition. This trajectory appears to reflect a cautious management stance, potentially limiting the bank's ability to scale its earnings base in the near term.
Based on the provided quarterly data, the equity-to-assets ratio has remained remarkably consistent at approximately 0.10, which suggests that management maintains a stable capital buffer despite the inherent volatility in the bank's earnings and the broader regional economic cycle.
Maintaining a steady capital ratio in the face of fluctuating net income suggests a disciplined approach to capital management. However, investors should monitor whether this stability is sufficient to absorb potential credit shocks given the bank's high concentration in the Marcellus Shale region.
As reported in recent filings, the bank's investment securities portfolio consistently accounts for the vast majority of total assets, with figures hovering near $1.3 billion to $1.5 billion, indicating a heavy reliance on fixed-income yields rather than traditional loan-based interest income.
This heavy weighting toward securities suggests that the bank's liquidity profile is highly sensitive to interest rate fluctuations and duration risk. The reliance on this portfolio may limit the bank's ability to benefit from localized loan demand if regional economic activity in the energy sector accelerates.
Based on the reported figures, the bank's persistent allocation of nearly 90% of its asset base into investment securities warrants further investigation, as it may mask underlying credit risks associated with the bank's core geographic and industry-specific lending exposures.
While the securities portfolio provides a degree of liquidity, it may also indicate a lack of viable, high-quality loan opportunities within the bank's primary operating footprint. This concentration suggests that the bank's balance sheet is more exposed to interest rate volatility than to traditional credit risk, which could lead to unexpected margin compression.
Quick answers to the most common questions about buying CBFV stock.
As of 2025, CB Financial Services, Inc. (CBFV) had total assets of $1.55B including $31.7M in current assets.
CB Financial Services, Inc. (CBFV) carries total debt of $34.8M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CB Financial Services, Inc. (CBFV) has total shareholders' equity (book value) of $157.5M ($29.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CB Financial Services, Inc. (CBFV) reported a current ratio of 0.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.