$CBK

Commercial Bancgroup, Inc.

CIK:0001981546|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Income (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest and Dividend Income
Loans, including fees	$ 28,395,966	$ 28,431,357	$ 56,071,287	$ 56,361,313
Debt securities-taxable	831,964	1,069,861	1,670,009	2,044,816
Debt securities-tax-exempt	108,797	116,190	222,854	226,155
Dividends on restricted stock	151,011	148,453	297,701	308,437
Interest-bearing time deposits	666,464	1,093,217	1,355,550	2,683,867
Total interest and dividend income	30,154,202	30,859,078	59,617,401	61,624,588
Interest expense
Deposits	8,031,786	9,717,906	16,347,256	20,011,375
Short-term borrowings	40,407	43,617	87,564	74,612
Long-term debt	566,785	1,038,550	1,189,659	2,139,822
Total interest expense	8,638,978	10,800,073	17,624,479	22,225,809
Net interest income	21,515,224	20,059,005	41,992,922	39,398,779
Provision for credit losses	399,289		521,259
Net interest income after provision for credit losses	21,115,935	20,059,005	41,471,663	39,398,779
Noninterest Income
Customer service fees	774,323	674,494	1,555,807	1,329,317
Net gains on sales of premises and equipment	30,000	32,440	30,000	4,459
Net gains on sales of foreclosed assets			106,553	3,550
ATM fees	977,177	891,704	1,831,638	1,690,449
Increase in bank owned life insurance	314,906	335,519	626,549	643,531
Other	553,910	289,869	1,091,073	995,391
Total noninterest income	2,650,316	2,224,026	5,241,620	4,666,697
Noninterest Expense
Salaries and employee benefits	5,682,974	5,657,365	11,399,103	11,282,996
Occupancy	855,825	916,041	1,698,721	1,790,889
Data processing	1,099,459	1,151,315	2,200,517	2,358,359
Deposit insurance premiums	202,337	245,494	444,356	470,988
Professional fees	440,410	285,841	649,357	480,941
Depreciation and amortization	941,554	802,639	1,874,713	1,751,007
Loss on retirement of debt			603,303
Other	1,649,959	1,666,726	3,089,033	3,171,028
Total noninterest expense	10,872,518	10,725,421	21,959,103	21,306,208
Income before income taxes	12,893,733	11,557,610	24,754,180	22,759,268
Provision for income taxes	2,678,067	2,658,018	5,004,076	5,168,070
Net Income	$ 10,215,666	$ 8,899,592	$ 19,750,104	$ 17,591,198
Earnings per share:
Basic (in Dollars per share)	$ 0.75	$ 0.73	$ 1.44	$ 1.44
Diluted (in Dollars per share)	$ 0.74	$ 0.73	$ 1.44	$ 1.44

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income	$ 19,750,104	$ 17,591,198
Items not requiring (providing) cash
Depreciation	1,119,861	960,810
Amortization of core deposit intangible	754,852	790,197
Securities amortization and (accretion), net	(60,664)	(979,895)
Provision for credit losses	521,259
Stock compensation expense	307,144
Provision for losses on foreclosed assets		4,500
Net realized gains losses on foreclosed assets	(106,553)	(3,550)
Net gains on sales of premises and equipment	(30,000)	(4,459)
Changes in
Interest receivable	322,190	103,315
Other assets	75,752	7,507,216
Other liabilities	1,824,703	(6,028,395)
Increase in bank owned life insurance	(626,549)	(597,043)
Deferred income taxes	(58,318)	(56,728)
Interest payable	(386,764)	320,745
Net cash provided by operating activities	23,407,017	19,607,911
Investing Activities
Purchases of available-for-sale securities	(15,038,672)	(16,929,788)
Proceeds from sales, maturities and calls of available-for-sale securities	19,707,085	35,479,367
Proceeds from, maturities and calls of held-to-maturity securities	18,289,894	44,421,401
Purchases of held-to-maturity securities	(14,986,523)	(72,891,789)
Net change in loans	(67,473,177)	14,977,938
Purchase of premises and equipment, net	(1,499,287)	(1,049,005)
Proceeds from sales of premises and equipment	30,000	43,900
Proceeds from sales of foreclosed assets	359,554	255,064
Payments relating to foreclosed assets	(180,000)
Proceeds from bank owned life insurance	655,645
(Purchase) redemption of restricted stock, at cost	(1,152,900)	156,590
Net cash (used in) provided by investing activities	(61,288,381)	4,463,678
Financing Activities
Net increase (decrease) in deposits	57,438,209	(87,349,052)
Proceeds from short-term borrowings	14,318,598	42,908,594
Proceeds from long-term borrowings	5,901,100
Repayments of long-term borrowings	(11,241,238)	(3,563,814)
Repurchase of stock		(980,800)
Payment of dividends	(2,739,928)	(2,002,079)
Net cash provided by (used in) financing activities	63,676,741	(50,987,151)
Increase (decrease) in cash and cash equivalents	25,795,377	(26,915,562)
Cash and cash equivalents, beginning of period	144,318,929	178,197,916
Cash and cash equivalents, end of period	170,114,306	151,282,354
Supplemental Cash Flows Information
Interest paid	18,011,243	21,905,064
Income taxes paid	4,310,000	4,500,000
Supplemental Disclosures of Noncash Items
Unrealized gain(loss) on AFS securities	(147,525)	381,312
Transfer of loans to OREO	$ 575,497	$ 286,146

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and due from banks	$ 22,313,240	$ 26,393,695
Federal funds sold	8,787,117	25,328,744
Interest-bearing deposits in banks	139,013,949	92,596,490
Cash and cash equivalents	170,114,306	144,318,929
Available-for-sale securities	38,553,064	43,136,672
Held-to-maturity securities	94,342,911	97,728,121
Loans, net of allowance for credit losses of $18,722,469 and$18,096,173 on June 30, 2026 and December 31, 2025, respectively	1,921,813,487	1,855,437,066
Premises and equipment, net	50,144,628	49,765,202
Restricted stock, at cost	12,528,400	11,375,500
Foreclosed assets held for sale, net	755,497	253,000
Interest receivable	7,128,855	7,451,045
Bank owned life insurance	46,618,666	46,647,762
Core deposits and other intangibles	3,501,530	4,256,382
Goodwill	8,510,852	8,510,852
Deferred tax asset	1,076,181	1,002,784
Other	21,495,914	21,571,666
Total assets	2,376,584,291	2,291,454,981
Liabilities
Demand	942,633,089	913,985,722
Savings, NOW and money market	413,904,250	414,715,894
Time	516,634,975	487,032,489
Total deposits	1,873,172,314	1,815,734,105
Short-term borrowings	102,569,888	88,251,290
Long-term debt	73,247,223	78,587,361
Interest payable	2,575,110	2,961,874
Other liabilities	22,401,223	20,576,519
Total liabilities	2,073,965,758	2,006,111,149
Shareholders’ equity
Common stock $0.01 par value; 50,000,000 shares authorized; 13,701,270 shares issued and outstanding on June 30, 2026; 13,697,987 on December 31, 2025	137,013	136,980
Additional paid-in capital	38,683,769	38,376,658
Retained earnings	264,515,272	247,505,096
Accumulated other comprehensive loss	(717,521)	(674,902)
Total shareholders’ equity	302,618,533	285,343,832
Total liabilities and shareholders’ equity	$ 2,376,584,291	$ 2,291,454,981