$CCFN

MUNCY COLUMBIA FINANCIAL Corp

CIK:0000731122|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest and fees on loans:
Taxable	$ 19,642	$ 18,805	$ 38,987	$ 37,089
Tax-exempt	394	420	807	818
Interest and dividends on investment securities:
Taxable	2,202	1,311	4,035	2,408
Tax-exempt	864	860	1,734	1,720
Dividend and other interest income	138	165	274	333
Deposits in other banks	159	101	463	135
TOTAL INTEREST AND DIVIDEND INCOME	23,399	21,662	46,300	42,503
INTEREST EXPENSE
Deposits	6,051	6,037	11,944	11,838
Short-term borrowings	118	252	213	795
Long-term borrowings	461	565	931	1,194
TOTAL INTEREST EXPENSE	6,630	6,854	13,088	13,827
NET INTEREST INCOME	16,769	14,808	33,212	28,676
PROVISION FOR CREDIT LOSSES	394	254	463	364
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	16,375	14,554	32,749	28,312
NON-INTEREST INCOME
Service charges and fees	749	709	1,502	1,431
Interchange fees	672	673	1,289	1,296
Gain (loss) on sale of loans	155	71	(482)	154
Earnings on bank-owned life insurance	257	233	489	464
Gain on settlement of bank-owned life insurance claims	605		605
Brokerage	310	252	548	485
Trust	300	280	579	518
Gains (losses) on marketable equity securities	126	14	205	(20)
Realized losses on available-for-sale debt securities, net	(1,445)	(426)	(1,445)	(426)
Other non-interest income	831	431	1,760	780
TOTAL NON-INTEREST INCOME	2,560	2,237	5,050	4,682
NON-INTEREST EXPENSE
Salaries and employee benefits	5,580	4,984	10,913	11,304
Occupancy	682	640	1,416	1,360
Furniture and equipment	357	460	736	886
Pennsylvania shares tax	374	301	749	602
Professional fees	445	414	1,089	862
Director's fees	161	165	328	318
Federal deposit insurance	195	217	390	435
Data processing and telecommunications	962	1,078	1,841	1,917
Automated teller machine and interchange	140	101	302	365
Amortization of intangibles	454	511	908	1,021
Other non-interest expense	1,070	985	1,945	1,877
TOTAL NON-INTEREST EXPENSE	10,420	9,856	20,617	20,947
INCOME BEFORE INCOME TAX PROVISION	8,515	6,935	17,182	12,047
INCOME TAX PROVISION	1,360	1,167	2,871	1,934
NET INCOME	$ 7,155	$ 5,768	$ 14,311	$ 10,113
EARNINGS PER SHARE - BASIC (in Dollars per share)	$ 0.67	$ 0.54	$ 1.35	$ 0.95
EARNINGS PER SHARE - DILUTED (in Dollars per share)	$ 0.67	$ 0.54	$ 1.35	$ 0.95
WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares)	10,612,247	10,601,932	10,611,271	10,600,067

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net Income	$ 14,311	$ 10,113
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	463	364
Depreciation and amortization of premises and equipment	751	739
Accretion of loan fair value adjustments, net	(4,454)	(4,936)
Amortization of deposit fair value adjustments, net	84	169
(Gains) losses on marketable equity securities	(205)	20
Realized losses on available-for-sale debt securities, net	1,445	426
Accretion of investment securities, net	(1,089)	(500)
(Gains) losses on disposal of premises and equipment, net	(5)	59
Gain on sale of foreclosed assets held for sale, net	(90)	(10)
Deferred income taxes	569	581
Earnings on bank-owned life insurance	(489)	(464)
Loss (gain) on sale of loans	482	(154)
Proceeds from sale of mortgage loans	18,960	6,322
Originations of mortgage loans held for resale	(10,093)	(7,196)
Amortization of intangibles	908	1,021
Amortization of investment in limited partnerships	373	373
Gain on settlement of bank-owned life insurance claims	(605)
(Increase) decrease in accrued interest receivable and other assets	(426)	666
Increase in accrued interest payable and other liabilities	907	2,110
Other, net	398	141
Net cash provided by operating activities	22,195	9,844
Available-for-sale debt securities:
Purchases	(54,179)	(37,240)
Proceeds from sales	11,266	29,574
Proceeds from paydowns, calls and maturities	39,740	44,050
Purchase of bank-owned life insurance	(44)	(44)
Proceeds from settlement of bank-owned life insurance claims	1,708
Proceeds from redemption of restricted investment in bank stocks	2,430	4,268
Purchase of restricted investment in bank stocks	(1,708)	(2,876)
Net increase in loans	(34,381)	(26,324)
Proceeds from sale of premises and equipment	5
Proceeds from sale of foreclosed assets held for sale	625	80
Acquisition of customer relationship intangibles		(18)
Acquisition of premises and equipment	(928)	(1,094)
Net cash (used for) provided by investing activities	(35,466)	10,376
FINANCING ACTIVITIES
Net increase in deposits	20,759	68,465
Net increase (decrease) in short-term borrowings	11,841	(50,267)
Repayment of long-term borrowings	(40,984)	(10,225)
Proceeds from issuance of common stock	68	86
Cash dividends paid	(6,809)	(4,947)
Net cash (used for) provided by financing activities	(15,125)	3,112
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(28,396)	23,332
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	48,540	17,380
CASH AND CASH EQUIVALENTS, END OF PERIOD	20,144	40,712
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid	13,193	13,906
Income taxes paid	2,450	300
Loans transferred to foreclosed assets held for sale	215	70
Loans transferred to held for sale	$ 9,856

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and due from banks	$ 16,327	$ 12,828
Interest-bearing deposits in other banks	3,817	35,712
Total cash and cash equivalents	20,144	48,540
Available-for-sale debt securities, at fair value	328,225	327,245
Marketable equity securities, at fair value	1,616	1,411
Restricted investment in bank stocks, at cost	4,690	5,412
Loans held for sale	1,354	847
Loans receivable	1,206,184	1,177,581
Allowance for credit losses	(10,261)	(9,959)
Loans, net	1,195,923	1,167,622
Premises and equipment, net	26,449	26,263
Foreclosed assets held for sale		320
Accrued interest receivable	5,567	5,063
Bank-owned life insurance	41,170	41,740
Investment in limited partnerships	3,973	4,346
Deferred tax asset, net	5,809	5,992
Goodwill	25,609	25,609
Other intangible assets, net	7,134	8,042
Other assets	4,669	4,747
TOTAL ASSETS	1,672,332	1,673,199
LIABILITIES
Interest-bearing deposits	1,156,203	1,135,740
Noninterest-bearing deposits	277,392	277,012
Total deposits	1,433,595	1,412,752
Short-term borrowings	24,296	12,455
Long-term borrowings		40,584
Accrued interest payable	1,539	1,644
Other liabilities	14,235	13,223
TOTAL LIABILITIES	1,473,665	1,480,658
STOCKHOLDERS' EQUITY
Common stock, par value $1.25 per share; 15,000,000 shares authorized; issued 10,922,772 and outstanding 10,614,047 at June 30, 2026; issued 10,918,987 and outstanding 10,610,262 at December 31, 2025	13,653	4,807
Additional paid-in capital	74,949	83,720
Retained earnings	126,866	119,364
Accumulated other comprehensive loss	(5,494)	(4,043)
Treasury stock, at cost; 308,725 shares at June 30, 2026 and December 31, 2025	(11,307)	(11,307)
TOTAL STOCKHOLDERS' EQUITY	198,667	192,541
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,672,332	$ 1,673,199