<div id="readability-page-1"><article>HILLSDALE, Mich.--(BUSINESS WIRE)--CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank (the “Bank”), today announced earnings for the three and twelve months ended December 31, 2025. Earnings during the fourth quarter of 2025 totaled $3.1 million, an increase of $664,000, or 27.1%, compared to the $2.4 million earned during the three months ended December 31, 2024. The increase in net income was predominately the result of an increase in net interest income of $1.3 million and a decrease in noninterest expense associated with compensation and benefits as the expense decreased $922,000 partially offset by an increase in the provision for credit losses of $1.5 million. In part due to the buyback of shares completed in September of this year, the basic earnings per share for CNB Community Bancorp, Inc. (the “Company”) increased to $1.56 during the three months ended December 31, 2025, up $0.36 from $1.20 for the fourth quarter of 2024. For the year ended December 31, 2025, the Company reported net income of $12.0 million, which was up from the $11.6 million earned during the year ended December 31, 2024, predominately resultant from the increase in net interest income minus provision for credit losses of $2.0 million, or 4.7%, somewhat offset by an increase in compensation and occupancy expense of $1.4 million, or 5.1%. Basic earnings per share increased to $5.88 during the year ended December 31, 2025, up $0.46 from $5.42 for the year ended December 31, 2024.The annualized return on average assets (“ROA”) increased to 0.93% for the three months ended December 31, 2025, up 15 basis points from 0.78% for the three months ended December 31, 2024. The annualized return on average equity (“ROE”) increased to 11.66% for the current quarter, up from 9.87% for the fourth quarter of 2024. ROA declined to 0.92% for the year ended December 31, 2025, down one basis point from the 0.93% during the year ended December 31, 2024. ROE was 11.53% during the year ended December 31, 2025, down from 11.74% during the year ended December 31, 2024. Book value per share increased to $53.69 at December 31, 2025, up $5.04 from $48.65 at December 31, 2024.“In 2025, we maintained focus on our three pillars: shareholders, communities, and associates. This strategy yielded solid results in the improvement of CNB’s earnings per share in 2025,” said Joseph R. Williams, President and CEO. “These positive results were tempered by net charge-offs in 2025 of approximately $3.6 million; however, the impact on CNB was lessened due to our strong core earnings.”“Furthermore, regarding the charge-offs, we have performed a complete analysis of these charge-offs and their cause, which has provided us with the path towards being a better community lender going forward,” Williams added. “We have grown more significantly in the last decade than we did in the previous eight decades. With that growth has come expansion to underbanked communities, high returns on investment for our shareholders, and the addition of many jobs in those communities. However, with any such growth, there are challenges and a need to evolve. We understand that here at CNB, and we will be even more prepared to serve our communities going forward due to the lessons we have learned.”Financial Highlights<ul><li>Total assets increased year-over-year $39.4 million, or 3.1%, to $1.32 billion.</li><li>Net loans increased $50.5 million, or 4.9%, to $1.08 billion at December 31, 2025 compared to $1.03 billion at December 31, 2024.</li><li>Net charge-offs for 2025 increased to $3.6 million up 661.1% from $473,000 during 2024.</li><li>Total deposits increased approximately $20.4 million, or 1.9%, to $1.12 billion at December 31, 2025.</li><li>Book value per share increased $5.04, or 10.4%, to $53.69 at December 31, 2025, up from $48.65 at December 31, 2024.</li><li>The Company completed a tender offer to repurchase 59,190 shares in the third quarter of 2025 paying its shareholders $44.09 per share. Total shares outstanding are 2,038,598 as of December 31, 2025.</li><li>Net income increased $664,000, or 27.1%, to $3.1 million for the three-month period ended December 31, 2025 with basic EPS increasing $0.36, or 30.2%, to $1.56 from $1.20 in the fourth quarter of 2024.</li><li>Net interest income for the fourth quarter of 2025 increased $1.3 million to $12.7 million while for the twelve months ended December 31, 2025 net interest income increased $3.5 million or 7.9%.</li><li>Pre-tax, pre-provision income increased approximately $2.3 million to $5.7 million in the fourth quarter of 2025, compared to $3.4 million in the fourth quarter of 2024. For 2025, pre-tax, pre- provision income was $17.3 million, compared to $15.4 million for 2024, an increase of 12.8%.</li></ul>Balance Sheet ReviewThe Company’s assets totaled $1.32 billion at December 31, 2025 compared to $1.28 billion at December 31, 2024. The change in composition of assets was predominately related to the fluctuation in investable assets as funding of the asset side of the balance sheet has varied with cash being repositioned to investments and new credits. The remaining growth in assets is being funded by growth in client deposits and, to a lesser extent, borrowings.Net loans totaled $1.08 billion at December 31, 2025, compared to $1.03 billion at December 31, 2024. The loan portfolio at December 31, 2025 included: $630.4 million in commercial real estate loans, $241.5 million in commercial loans, $186.7 in residential real estate loans, and $36.5 million in consumer loans.Nonperforming assets at December 31, 2025 were $16.8 million, an increase of $10.0 million, or 146.8%, from the $6.8 million at December 31, 2024. Nonperforming assets as a percentage of total assets increased to 1.27% at December 31, 2025 from 0.53% at December 31, 2024. At December 31, 2025, other real estate owned consisted of two properties totaling $245,000 compared to none at year end 2024.Nonperforming loans at December 31, 2025 were $16.6 million, an increase of $9.8 million, or 143.2%, from the $6.8 million balance at December 31, 2024. Nonperforming loans as a percentage of total loans increased to 1.51% at December 31, 2025, compared to 0.65% at December 31, 2024. The level within CNB’s nonperforming credits increased based mainly upon the addition of two large credits that involve commercial real estate. These two credits total approximately $10 million and are in the process of a workout with both credits having been reviewed individually for impairment and charged-off as appropriate. The remaining portion of nonperforming loans remains consistent with previously reported levels.During the fourth quarter of 2025, a provision for credit losses of $1.8 million was recorded, which is an increase of $1.5 million from a provision of $362,000 recorded during the fourth quarter of 2024. Net charge-offs totaled $2.4 million during the fourth quarter of 2025 compared to net charge-offs of $651,000 in the fourth quarter of 2024. The charge-offs from the current quarter were significantly related to a single commercial real estate credit in the process of a workout.Net charge-offs (annualized) as a percentage of average loans was 0.95% for fourth quarter of 2025, which was an increase from the net charge-offs of 0.26% in the fourth quarter of 2024. The allowance for credit losses totaled $12.1 million at December 31, 2025 compared to $13.2 million at December 31, 2024. The allowance for credit losses as a percentage of total loans was 1.10% at December 31, 2025, which is a decrease from 1.26% as of December 31, 2024. The change in the allowance is primarily resultant from the Bank charging off portions of nonperforming credits based upon updated collateral or updated financials from these credits. Therefore, there are no remaining specific reserves on the nonperforming credits. Furthermore, management continues to update qualitative factors to align with current and forward-looking issues identified within the portfolio.Total investment securities, exclusive of the Federal Home Loan Bank of Indianapolis, Federal Reserve Bank and other stock without readily determined fair value, aggregated to $170.2 million at December 31, 2025, an increase of 33.9% from $127.1 million at December 31, 2024. While continued growth of the loan portfolio remains the primary focus for Bank management, the Bank will continue to manage the securities portfolio through prudent investment in securities that align with the Bank’s investment criteria when excess cash is available. Furthermore, a recent opportunity to leverage capital down streamed from the holding company arose with the Bank adding over $15 million in security investments in the fourth quarter of 2025.Noninterest bearing deposits have decreased by $2.3 million (1.1%) from $218.6 million at December 31, 2024. Interest bearing deposits increased from $878.6 million at December 31, 2024 to $901.2 million at December 31, 2025. The fluctuation and shift in the make-up of deposits results from multiple factors including the ongoing efforts by our employees, the rate environment, and the needs of our clients. The expectation remains that competition and the rate environment will further impact the amount and type of deposits within the balance sheet.The Company’s outstanding borrowings increased by $10.9 million to $83.0 million at December 31, 2025 compared to $72.1 million at December 31, 2024. The increase from year-end 2024 was the normal paydown of senior debt at the holding company and a maturity of short-term funding of the Bank’s loan growth offset by $15.6 million in additional Bank level FHLB borrowings that funded a portion of the investment security leverage strategy and $9.1 million at the holding company for the downstream of capital to support said leverage strategy.Total shareholders’ equity increased by $8.2 million (8.2%) from $99.6 million at December 31, 2024 to $107.8 at December 31, 2025. The increase of $8.2 million in equity was predominately related to net income of $12.0 million, an increase in common stock from vesting of restricted shares and grants of shares totaling $692,000, as well as $1.1 million from an increase in OCI from temporary market value adjustments to the securities portfolio and derivative fair value impact. These increases were partially offset by $2.9 million in dividends paid and the holding company’s repurchase of $2.7 million in shares outstanding during the second half of 2025. As of the end of the fourth quarter of 2025, the shares outstanding were 2,038,598 compared to 2,078,157 at the end of the fourth quarter in 2024.Net Interest Income and Net Interest MarginNet interest income was $12.7 million for the quarter ended December 31, 2025, up $1.3 million, or 11.2%, from $11.4 million during the fourth quarter of 2024, and for the year ended December 31, 2025, net interest income increased $3.5 million (7.9%) to $48.0 million from $44.5 million for the year ended December 31, 2024. Interest income for the fourth quarter of 2025 increased $1.2 million (7.3%) to $18.5 million from $17.3 million for the fourth quarter of 2024, and for the year ended December 31, 2025, interest income increased $4.4 million (6.5%) to $71.6 million from $67.2 million for the year ended December 31, 2024, mainly due to increases in rate and volume in commercial real estate credits. Interest expense for the fourth quarter of 2025 decreased $18,000 (0.3%) to remain flat at $5.9 million compared to the fourth quarter of 2024, and for the year ended December 31, 2025, increased $845,000 (4.6%) to $23.5 million from $22.7 million for the year ended December 31, 2024, which was predominately resultant from a combination of growth in interest checking and money market deposits somewhat offset by an approximate 10.5% decrease in yield on interest checking and money market deposits.Net interest margin is net interest income expressed as a percentage of average interest-earning assets. For the quarter ended December 31, 2025, the net interest margin on a fully taxable equivalent basis increased to 4.06% from 3.86% from the fourth quarter of 2024, and for the year ended December 31, 2025, increased to 3.91% from 3.76% for the year ended December 31, 2024. Much of the change in margin has been a product of the market rates improving on both sides of the balance sheet with the yield on earning assets improving to 5.78% in the fourth quarter of 2025 from 5.70% during that same period in 2024, while year-to-date 2025 interest-earning assets improved to 5.73% compared to 5.58% in 2024. Over the fourth quarter of 2025, the cost of funds decreased 11 basis points to 1.86% from 1.97% at September 30, 2025 while the year-to-date cost of funds is 1.94% down eight basis points from the 2.02% for the year ended December 31, 2024.Noninterest Income/ExpenseDuring the three months ended December 31, 2025, noninterest income totaled $2.2 million, an increase of $35,000 (1.7%) from the three months ended December 31, 2024 and was $8.6 million, an increase of $413,000 (5.1%), for the year ended December 31, 2025 from the year ended December 31, 2024. From a quarter-over-quarter and year-over-year comparison, the increases in noninterest income of $35,000 and $413,000, respectively, were predominately driven by increases in Wealth Management fees of $129,000 and $604,000, respectively.Noninterest expense totaled $9.1 million during the three months ended December 31, 2025, a decrease of $1.0 million (9.9%) from the fourth quarter of 2024 and was an increase of $2.0 million (5.4%) from $37.3 million for the year ended December 31, 2024 to $39.3 million for the same period in 2025. The largest component of the decrease in quarter-over-quarter noninterest expense was a decrease in salaries and employee benefits of $922,000 related to a reduction in the profit-sharing contribution by CNB and multiple associate incentive payouts. The increase in noninterest expense for the year ended December 31, 2025, was spread across multiple areas. These included salaries and employee benefits that increased $940,000, occupancy and equipment expense increased $456,000, and Data Communications increased $221,000. These increases were driven by more associates, compensation increases, additional office space, and refurbishment of current office space.About CNB Community Bancorp Inc.CNB Community Bancorp, Inc. (OTCQX:CNBB) is a one-bank holding company formed in 2005. Its subsidiary bank, County National Bank, is a nationally chartered full-service bank, which has served its local communities since its founding in 1934. CNB Community Bancorp, Inc. is headquartered in Hillsdale, Michigan and through its subsidiary bank offers banking products along with investment management and trust services to communities located throughout southern Michigan.Safe Harbor StatementThis news release and other releases and reports issued by the Company may contain &#34;forward-looking statements.&#34; The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company is including this statement for purposes of taking advantage of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.<img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAxMjMyMjk2MTByMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjAxMjMyMjk2MTByMQ"/>View source version on businesswire.com: https://www.businesswire.com/news/home/20260123229610/en/Investor Contact: Erik A. Lawson, CFO erik.lawson@cnbb.bank 517-439-6115Media Contact: Craig S. Connor, Chairman of the Board Joseph R. Williams, President &amp; CEOSource: CNB Community Bancorp, Inc.</article></div>

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CNB Community Bancorp, Inc. reported a 27.1% increase in Q4 2025 earnings, totaling $3.1 million, driven by higher net interest income and reduced noninterest expenses. Basic earnings per share rose to $1.56. For the full year, net income reached $12.0 million, up from $11.6 million in 2024. Total assets increased to $1.32 billion, with net loans up 4.9% to $1.08 billion. Despite a significant rise in net charge-offs to $3.6 million, the company remains focused on growth and community service, as stated by CEO Joseph R. Williams.

CNB Community Bancorp, Inc. Reports 2025 Results | CNBB Stock News