Welcome to our dedicated page for Community Herita news (Ticker: CMHF), a resource for investors and traders seeking the latest updates and insights on Community Herita stock.
Community Heritage Financial, Inc. (CMHF) delivers personal and business banking solutions through Middletown Valley Bank, serving Maryland and Pennsylvania communities since 1908. This news hub provides investors and stakeholders with timely updates on CMHF's financial performance, strategic initiatives, and market developments.
Access official press releases, earnings reports, and regulatory filings in one centralized location. Track key updates including loan portfolio growth, deposit strategies, asset quality metrics, and community-focused banking innovations. Our curated news feed ensures you stay informed about CMHF's commercial real estate lending activities, cash management services, and regional economic partnerships.
This resource offers transparent insights into CMHF's operations without speculative analysis. Bookmark this page for direct access to verified information supporting informed decision-making. Check back regularly for new developments impacting CMHF's position in the community banking sector.
Community Heritage Financial (CMHF) reported strong Q1 2025 financial results with net income of $1.9 million, or $0.64 per diluted share, marking a 33.9% increase from Q1 2024. The company's total assets reached $1.06 billion as of March 31, 2025.
Key highlights include loan balance growth to $863.4 million, representing a 3.9% increase year-over-year. Net interest income improved to $8.4 million, with net interest margin expanding to 3.36%. Asset quality remained robust with non-performing assets to total assets at 0.14%.
The Board declared a dividend of $0.08 per common share, payable on May 9, 2025. Growth was notably strong in non-owner occupied commercial real estate loans, residential loans, and owner-occupied commercial real estate loans, while construction and land development loans declined.
Community Heritage Financial (OTCPK: CMHF) has declared a quarterly cash dividend of $0.08 per share on its common stock, payable on May 9, 2025, to shareholders of record on May 2, 2025.
The company operates through its subsidiary Middletown Valley Bank, which was established in 1908 in Middletown, Maryland. The bank provides personal and business banking services, along with mortgage lending services through its wholly owned subsidiary, Millennium Financial Services (Mlend). The bank currently maintains operations across multiple counties including Frederick, Washington, Garrett in Maryland, and Franklin County in Pennsylvania.
Community Heritage Financial (CMHF) reported strong financial results for 2024, with net income reaching $6.6 million ($2.27 per diluted share), marking a 54.3% increase from $4.3 million in 2023. Fourth quarter 2024 net income was $1.7 million, down from Q3 but up from Q4 2023.
Total assets reached $1.02 billion as of December 31, 2024, showing a $31.7 million increase year-over-year. Loan balances grew to $847.6 million, up 4.3% from 2023. Net interest income improved to $30.7 million in 2024, with net interest margin increasing from 2.76% to 2.92%. Asset quality remained strong with non-performing assets at 0.15% of total assets.
The company declared a dividend of $0.08 per common share, payable on February 7, 2025.
Community Heritage Financial (OTCPK: CMHF) has announced a significant increase in its quarterly cash dividend. The Board of Directors declared a quarterly dividend of $0.08 per share, representing a 33% increase from the previous dividend paid in November 2024. The dividend will be paid on February 7, 2025 to shareholders of record as of January 31, 2025.
The company operates through its subsidiary Middletown Valley Bank, which has been serving since 1908, providing personal and business banking services, along with mortgage lending through its subsidiary Millennium Financial Services (Mlend). The bank maintains operations across Maryland counties including Frederick, Washington, and Garrett, as well as in Franklin County, Pennsylvania.
Community Heritage Financial (CMHF) has completed a private offering of $12.1 million in 6.75% Fixed-to-Floating Rate Subordinated Notes due 2034. The company used these proceeds, along with internal funds, to fully redeem its existing $15.0 million 5.75% Fixed-to-Floating Notes due 2029. The new Notes will maintain a 6.75% fixed interest rate until October 30, 2029, after which they will transition to a floating rate of three-month SOFR plus 300 basis points. The Notes qualify as Tier 2 capital and are redeemable at the company's option after October 30, 2029.
Community Heritage Financial, Inc. (OTC PK: CMHF) reported net income of $2.0 million, or $0.70 per diluted share, for the third quarter of 2024. This represents a 42.0% increase from Q2 2024 and a 49.9% increase from Q3 2023. For the nine months ended September 30, 2024, net income totaled $4.9 million, or $1.68 per diluted share, a 45.1% increase from the same period in 2023.
Assets grew to $1.10 billion as of September 30, 2024, with deposits increasing by $56.1 million since December 31, 2023. Loans grew to $847.5 million, a 5.7% annualized increase from December 31, 2023. The net interest margin improved to 2.91% in Q3 2024, up from 2.83% in Q2 2024 and 2.61% in Q3 2023. Asset quality remained strong with non-performing assets to total assets at 0.14%. The Board of Directors declared a dividend of $0.06 per common share.
Community Heritage Financial, Inc. (OTCPK: CMHF) has announced a quarterly cash dividend of $0.06 per share on its common stock. The dividend is payable on November 8, 2024 to shareholders of record as of November 1, 2024. Community Heritage Financial is the parent company of Middletown Valley Bank, which provides personal and business banking services, as well as mortgage lending services through its subsidiary, Millennium Financial Services, Inc. (Mlend). The bank, originating in Middletown, Maryland in 1908, now operates offices in Frederick, Washington, Garrett and Anne Arundel counties in Maryland, and Franklin County, Pennsylvania.
Community Heritage Financial, Inc. (OTCPK: CMHF), the holding company for Middletown Valley Bank, has appointed Kelly Schulz as an independent director to its board and that of the Bank. Schulz, currently the CEO of the Maryland Tech Council, brings valuable expertise to support the company's sustainable growth strategy. Her background includes serving as Secretary of the Maryland Department of Commerce and the Department of Labor, Licensing, and Regulation, as well as a term in the Maryland House of Delegates.
James G. Pierne, Chairman of the Board, and Robert E. (BJ) Goetz, Jr., President and CEO, expressed enthusiasm about Schulz's appointment, highlighting her commitment to Frederick and Maryland. Community Heritage Financial, Inc. operates through Middletown Valley Bank, serving Maryland and Pennsylvania, and its subsidiary Mlend, a full-service mortgage lender.
Community Heritage Financial (CMHF) reported net income of $1.4 million for Q2 2024, a 2.6% increase from Q1 2024. For the first half of 2024, net income totaled $2.8 million, up 41.9% year-over-year. Assets grew to $1.09 billion as of June 30, 2024, with loans increasing to $841.0 million.
The company's net interest margin improved to 2.83% in Q2 2024, up from 2.65% in Q2 2023. Noninterest income declined slightly quarter-over-quarter but increased year-over-year. Noninterest expenses rose due to increased salaries, benefits, and FDIC insurance costs.
Asset quality remained strong with non-performing assets to total assets at 0.16%. The Board declared a dividend of $0.06 per share, payable on August 9, 2024.
Community Heritage Financial (OTCPK: CMHF) has declared a quarterly cash dividend of $0.06 per share on its common stock, payable on August 9, 2024 to shareholders of record as of August 2, 2024. The company is the parent of Middletown Valley Bank, which provides personal and business banking services, as well as mortgage lending through its subsidiary, Millennium Financial Services (Mlend).
Originating in Middletown, Maryland in 1908, the Bank now operates offices in Frederick, Washington, Garrett, and Anne Arundel counties in Maryland, and Franklin County, Pennsylvania. This dividend announcement reflects the company's commitment to delivering value to its shareholders while maintaining its strong presence in the regional banking sector.
