CB Financial Services Inc (NASDAQ: CBFV) is a community banking company that operates through its bank subsidiary serving individuals, businesses, and communities in southwestern Pennsylvania and West Virginia. The company earns revenue primarily through net interest income on loans and securities, supplemented by noninterest income from service fees, insurance commissions, and other commissions. As of December 31, 2025, total assets were $1.55 billion, net loans were $1.15 billion, and total deposits were $1.34 billion. The bank operates branches across Greene, Washington, Fayette, Westmoreland, and Allegheny counties in Pennsylvania, plus locations in Ohio County, West Virginia, and maintains two loan production offices in Warrendale and Canonsburg, Pennsylvania. The company employed 169 full-time and 5 part-time employees as of December 31, 2025. Total interest and dividend income was $75.9 million for the year ended December 31, 2025, and total noninterest expense was $37.7 million for the same period.

Revenue model

Net interest income generated from the spread between interest earned on loans and securities and interest paid on deposits and borrowings. Noninterest income sources include service fees, insurance commissions, other commissions, net gains on sale of loans, income from bank-owned life insurance, and gains on purchased tax credits.

Products and services

Commercial and retail loans, deposit accounts, insurance products (generating commissions), mortgage origination and sale, bank-owned life insurance, and treasury services. The bank also operates interactive teller machines (ITMs) at select locations.

Customers and end markets

Individual retail customers, businesses, and community borrowers in southwestern Pennsylvania and northern West Virginia. End markets include residential mortgage, commercial banking, and consumer lending. The Commercial Banking and Treasury divisions were expanded with additional revenue-producing staff during FY2025.

Value-chain role

Community bank operating as a direct lender and deposit-taker. The bank originates, holds, and selectively sells loans, accepts deposits, and provides ancillary financial services including insurance through commission-based arrangements.

Geographic exposure

Primarily southwestern Pennsylvania, covering Greene, Washington, Fayette, Westmoreland, and Allegheny counties, with additional branch presence in Ohio County, West Virginia. Loan production offices in Warrendale and Canonsburg, Pennsylvania, extend origination reach into the northern Pittsburgh suburbs.

Source: SEC 10-K, filed 2026-03-13

Industry: State Commercial Banks Peers: Centric Financial Corp First United Corp MALVERN BANCORP, INC. PNC Financial Services Group Inc United Security Bancshares