- Commercial National Financial (CNAF, Financial) reported a Q1 2025 net income of $431,000, decreasing from $527,000 in Q1 2024.
- 87.42% of CNAF's deposits are fully insured core deposits, demonstrating robust diversification and security.
- Strong capital ratios with Tier one risk-based at 25.19% and total risk-based capital at 25.57% greatly exceed industry benchmarks.
Commercial National Financial Corporation (OTCQX:CNAF), the parent company of Commercial Bank & Trust of PA, announced its first quarter 2025 financial results, with a reported net income of $431,000, or $0.15 per share. This marks a decline from the $527,000, or $0.18 per share, recorded in the first quarter of the previous year.
The company achieved a tax equivalent net interest margin of 3.53% by March 31, 2025. Asset quality remained strong, consistent with industry standards, despite elevated market interest rates affecting their securities portfolio.
Key financial strength indicators include a Tier one risk-based capital ratio of 25.19%, a total risk-based capital ratio of 25.57%, and a leverage ratio of 14.15%. As of the first quarter's end, Tier one capital stood at $56,933,000, while total risk-based capital was $57,888,000.
87.42% of total deposits are maintained as fully insured and well-diversified core deposits. This strategic asset allocation positions CNAF favorably within the national banking industry.
Executive officers and directors collectively own 460,757 shares, or 16.11% of the company's outstanding shares. CNAF employs 78 personnel across its seven community banking facilities in Pennsylvania, with 33 unionized workers under a labor agreement effective until February 2029.
