Muncy Columbia Financial Corp. Files Q3 2024 10-Q
Ticker: CCFN · Form: 10-Q · Filed: Nov 8, 2024 · CIK: 731122
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
MCFC filed its Q3 10-Q. Financials look stable.
AI Summary
Muncy Columbia Financial Corp. filed its 10-Q for the period ending September 30, 2024. The company, a state commercial bank, reported financial data for the third quarter of 2024. Key financial figures and balance sheet details from previous periods, including June 30, 2024, and December 31, 2023, were also included in the filing.
Why It Matters
This filing provides investors and analysts with the latest financial performance and position of Muncy Columbia Financial Corp., crucial for understanding its stability and growth prospects.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report for a financial institution and does not indicate any immediate or significant risks.
Key Numbers
- 172000 — Common Stock (As of September 30, 2024)
- 594000 — Additional Paid-In Capital (As of September 30, 2024)
- 30000 — Retained Earnings (As of September 30, 2024)
Key Players & Entities
- MUNCY COLUMBIA FINANCIAL Corp (company) — Filer of the 10-Q
- 232 EAST ST, BLOOMSBURG, PA 17815 (location) — Company's business address
- CCFNB BANCORP INC (company) — Former company name
FAQ
What is the total asset value reported for the period ending September 30, 2024?
The filing does not explicitly state a single total asset value for September 30, 2024, but provides components of equity.
When was the company formerly known as CCFNB BANCORP INC?
The company was formerly known as CCFNB BANCORP INC, with a name change date of July 3, 1992.
What is the Standard Industrial Classification (SIC) code for Muncy Columbia Financial Corp?
The SIC code for Muncy Columbia Financial Corp. is 6022, categorized under State Commercial Banks.
What fiscal year end does Muncy Columbia Financial Corp. report?
Muncy Columbia Financial Corp. reports its fiscal year end as December 31.
What periods are compared in the balance sheet data presented?
The balance sheet data presented compares June 30, 2024, June 30, 2023, and December 31, 2023.
Filing Stats: 4,546 words · 18 min read · ~15 pages · Grade level 18.1 · Accepted 2024-11-08 14:07:31
Key Financial Figures
- $1.25 — latest practical date: Common stock, $1.25 par value, 3,575,527 shares outstanding
Filing Documents
- ccfn_10q-093024.htm (10-Q) — 2726KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 9KB
- ex32-2.htm (EX-32.2) — 9KB
- 0001999371-24-014411.txt ( ) — 11368KB
- muncy-20240930.xsd (EX-101.SCH) — 38KB
- muncy-20240930_cal.xml (EX-101.CAL) — 102KB
- muncy-20240930_def.xml (EX-101.DEF) — 214KB
- muncy-20240930_lab.xml (EX-101.LAB) — 418KB
- muncy-20240930_pre.xml (EX-101.PRE) — 358KB
- ccfn_10q-093024_htm.xml (XML) — 2856KB
Controls and Procedures
Controls and Procedures 44 Part II. Other Information Item 1. Legal Proceedings 44 Item 1A.
Risk Factors
Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 44 Item 3. Defaults Upon Senior Securities 44 Item 4. Mine Safety Disclosures 44 Item 5. Other Information 45 Item 6. Exhibits 45
Signatures
Signatures 46 2 PART I Financial Information Item 1. Financial Statements Muncy Columbia Financial Corporation Consolidated Balance Sheets (In Thousands, Except Share and Per Share Data) (Unaudited) September 30, 2024 December 31, 2023 ASSETS Cash and due from banks $ 21,318 $ 14,614 Interest-bearing deposits in other banks 6,751 3,763 Total cash and cash equivalents 28,069 18,377 Interest-bearing time deposits 249 979 Available-for-sale debt securities, at fair value 335,535 413,302 Marketable equity securities, at fair value 1,303 1,295 Restricted investment in bank stocks, at cost 7,529 10,394 Loans held for sale 2,192 366 Loans receivable 1,112,644 1,068,429 Allowance for credit losses ( 9,415 ) ( 9,302 ) Loans, net 1,103,229 1,059,127 Premises and equipment, net 26,735 27,569 Foreclosed assets held for sale 70 170 Accrued interest receivable 4,840 5,362 Bank-owned life insurance 40,945 40,209 Investment in limited partnerships 5,278 5,828 Deferred tax asset, net 8,919 12,634 Goodwill 25,609 25,609 Other intangible assets, net 10,593 11,895 Other assets 6,227 6,663 TOTAL ASSETS $ 1,607,322 $ 1,639,779 LIABILITIES Interest-bearing deposits $ 1,020,954 $ 884,654 Noninterest-bearing deposits 269,515 266,015 Total deposits 1,290,469 1,150,669 Short-term borrowings 73,025 252,532 Long-term borrowings 60,465 70,448 Accrued interest payable 2,099 2,358 Other liabilities 11,961 9,947 TOTAL LIABILITIES 1,438,019 1,485,954 STOCKHOLDERS' EQUITY Common stock, par value $ 1.25 per share; 15,000,000 shares authorized; issued 3,840,227 and outstanding 3,575,527 at September 30, 2024; issued 3,834,976 and outstanding 3,570,276 at December 31, 2023 4,800 4,794 Additional paid-in capital 83,504 83,343 Retained earnings 99,598 90,514 Accumulated other comprehensive loss ( 8,809 ) ( 15,036 ) Treasury stock, at cost; 264,700 sha