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Earnings report: CB Financial

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CB Financial Corp., the holding company for Cornerstone Bank, reported net income of $601,000, or earnings per share of 1 cent, for the year ending Dec. 31, compared to net income of $726,000, or earnings per share of per share of 4 cents, for the prior year.

For the quarter ending Dec. 31, CB Financial reported net income of $199,000, compared to net income of $17,000 for the final three months the previous year.


As of Dec. 31, CB Financial reported total assets of $105.8 million, total loans of $68.7 million and total deposits of $89.7 million. Assets and deposits were down 6 percent and 8 percent, respectively. Loans were up 4 percent compared to totals reported at the end of 2014.

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