Muncy Columbia Financial Corporation (“Corporation”) (OTCQX: CCFN), parent company of Journey Bank (“Bank”), has released its unaudited consolidated financial results for the third quarter of 2026.

Unaudited Financial Information

Net income, as reported under accounting principles generally accepted in the United States of America (“GAAP”), for the third quarter 2026 was $6,043,000, or $0.57 per share, compared to $6,719,000, or $0.63 per share, for the third quarter 2025. Net income, as reported under GAAP, for the nine months ended September 30, 2026 was $20,354,000, or $1.92 per share, compared to $16,832,000, or $1.59 per share for the same period in 2025. Return on average assets and return on average equity were 1.42% and 11.97%, respectively, for the third quarter 2026 as compared to 1.63% and 14.81%, respectively, for the third quarter 2025.

Net interest income of $17,633,000 for the third quarter 2026 increased $1,982,000 from the third quarter 2025 amount of $15,651,000, reflecting an increase in total interest and dividend income of $1,365,000 and a decrease of $617,000 in total interest expense. The fully-tax equivalent net interest margin was 4.54% for the third quarter 2026 as compared to 4.15% for the third quarter 2025.

For the third quarter 2026, a $942,000 provision for credit losses was recorded compared to a $479,000 provision for the third quarter 2025. The allowance for credit losses to total loans was 0.91% at September 30, 2026 and 0.85% at December 31, 2025.

Total non-interest income decreased $2,281,000 to $611,000 for the third quarter 2026, compared to the third quarter 2025 amount of $2,892,000. Realized losses on available-for-sale debt securities, net, totaled $2,404,000 for the third quarter 2026. No realized losses on available-for-sale debt securities were recognized during the third quarter 2025. During the third quarter 2026, the Corporation sold certain available-for-sale debt securities at a loss as part of a balance sheet repositioning strategy designed to improve the Corporation’s net interest margin and enhance future earnings potential. The securities sold generally carried substantially lower contractual yields relative to the yields available on comparable securities at the time of reinvestment. The proceeds from the sales were reinvested in higher-yielding securities, which management expects will contribute to improved interest income and net interest margin in future periods, subject to changes in market interest rates, deposit costs, balance sheet composition, and other factors affecting the Corporation’s net interest margin.

Total non-interest expense increased $70,000 from $9,978,000 for the third quarter 2025, to $10,048,000 for the third quarter 2026. Salaries and employee benefits expense of $5,417,000 for the third quarter 2026 increased $618,000 from $4,799,000 for the third quarter 2025. This increase was related to health insurance expenses associated with the Corporation’s partially self-funded health insurance plan which were $422,000 higher in the third quarter 2026 than the third quarter 2025, along with ongoing salary and wage increases for employees. The increase in salaries and employee benefits expense was partially offset by a decrease in professional fees of $164,000 due primarily to lower legal and consulting costs and a decrease in other non-interest expense of $351,000 due primarily to lower overall marketing and advertising costs comparing the third quarter 2026 to the third quarter 2025.

Total assets amounted to $1,688,153,000 at September 30, 2026, as compared to $1,673,199,000 at December 31, 2025. For the nine months ended September 30, 2026, cash and cash equivalents decreased $12,780,000 and loans receivable held for investment increased by $30,783,000. Total liabilities amounted to $1,495,117,000 at September 30, 2026, as compared to $1,480,658,000 at December 31, 2025. Total deposits increased $59,087,000 while short-term borrowings decreased $4,938,000 and long-term borrowings decreased $40,584,000 during the nine months ended September 30, 2026. During the second quarter 2026, the Corporation prepaid, in full, its outstanding long-term FHLB borrowings.

Total non-performing assets amounted to $11,272,000 or 0.67% of total assets at September 30, 2026, as compared to $11,978,000 or 0.72% of total assets at December 31, 2025. The decrease in non-performing assets was primarily attributable to a decrease in non-accrual loans from $11,523,000 at December 31, 2025, to $10,325,000 at September 30, 2026.

Total stockholders’ equity equated to a book value per share of $18.18 at September 30, 2026, as compared with $18.15 at December 31, 2025. For the third quarter 2026 total cash dividends of $0.155 per share were declared as compared to $0.150 for the same period of 2025. For the nine months ended September 30, 2026, total cash dividends of $0.797 per share were declared as compared to $0.617 for the same period of 2025, which included the impact of special one-time dividends of $0.333 per share and $0.167 per share for the nine months ended September 30, 2026 and 2025, respectively. The Corporation remains well capitalized, with an equity to assets ratio of 11.43% at September 30, 2026, as compared to 11.51% at December 31, 2025.

Stock Split

On April 23, 2026, the Corporation’s Board of Directors declared a three-for-one stock split in the form of a 200% stock dividend on its outstanding shares of common stock. Each shareholder of record as of the close of business on May 7, 2026 received two additional shares of common stock for each share then held, effective May 15, 2026. The dividend was paid in authorized but unissued shares of common stock of the Corporation. The par value of the Corporation’s stock was not affected by the split and remained at $1.25 per share. All share and per share amounts reported in this press release have been adjusted to reflect the three-for-one stock split.

About Muncy Columbia Financial Corporation

Muncy Columbia Financial Corporation (“MCFC”) is a registered financial holding company headquartered in Bloomsburg, Pennsylvania. MCFC has one subsidiary bank, Journey Bank, serving individuals, families, nonprofits and business clients throughout Clinton, Columbia, Luzerne, Lycoming, Montour, Northumberland and Sullivan Counties through 22 banking offices.

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: changes in general economic trends, including inflation and changes in interest rates; our ability to manage credit risk; our ability to maintain an adequate level of allowance for credit loss on loans; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; fluctuations in the values of securities held in our securities portfolio, including as a result of changes in interest rates; our ability to successfully manage liquidity risk; adverse developments in borrower industries and, in particular, declines in real estate values; the concentration of large deposits from certain customers who have balances above current FDIC insurance limits; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and any other risks described in the “Risk Factors” sections of reports filed by the Corporation with the Securities and Exchange Commission. We do not undertake, and specifically disclaim, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements.

Muncy Columbia Financial Corporation
Consolidated Balance Sheets
   
(In Thousands, Except Share and Per Share Data) (Unaudited) September 30,
2026		 December 31,
2025
ASSETS
Cash and due from banks

$

14,540

 

$

12,828

 
Interest-bearing deposits in other banks

 

21,220

 

 

35,712

 
Total cash and cash equivalents

 

35,760

 

 

48,540

 
 
Available-for-sale debt securities, at fair value

 

324,860

 

 

327,245

 
Marketable equity securities, at fair value

 

1,647

 

 

1,411

 
Restricted investment in bank stocks, at cost

 

3,835

 

 

5,412

 
Loans held for sale

 

2,239

 

 

847

 
 
Loans receivable

 

1,208,364

 

 

1,177,581

 
Allowance for credit losses

 

(11,032

)

 

(9,959

)
Loans, net

 

1,197,332

 

 

1,167,622

 
 
Premises and equipment, net

 

26,196

 

 

26,263

 
Foreclosed assets held for sale

 

801

 

 

320

 
Accrued interest receivable

 

5,801

 

 

5,063

 
Bank-owned life insurance

 

41,428

 

 

41,740

 
Investment in limited partnerships

 

3,786

 

 

4,346

 
Deferred tax asset, net

 

7,791

 

 

5,992

 
Goodwill

 

25,609

 

 

25,609

 
Other intangible assets, net

 

6,680

 

 

8,042

 
Other assets

 

4,388

 

 

4,747

 
TOTAL ASSETS

$

1,688,153

 

$

1,673,199

 
 
LIABILITIES
Interest-bearing deposits

$

1,198,095

 

$

1,135,740

 
Noninterest-bearing deposits

 

273,744

 

 

277,012

 
Total deposits

 

1,471,839

 

 

1,412,752

 
 
Short-term borrowings

 

7,517

 

 

12,455

 
Long-term borrowings

 

–

 

 

40,584

 
Accrued interest payable

 

1,582

 

 

1,644

 
Other liabilities

 

14,179

 

 

13,223

 
TOTAL LIABILITIES

 

1,495,117

 

 

1,480,658

 
 
STOCKHOLDERS’ EQUITY
Common stock, par value $1.25 per share; 15,000,000 shares authorized;
issued 10,924,389 and outstanding 10,615,664 at September 30, 2026;
issued 10,918,987 and outstanding 10,610,262 at December 31, 2025

 

13,656

 

 

4,807

 
Additional paid-in capital

 

74,992

 

 

83,720

 
Retained earnings

 

131,263

 

 

119,364

 
Accumulated other comprehensive loss

 

(15,568

)

 

(4,043

)
Treasury stock, at cost; 308,725 shares at September 30, 2026 and December 31, 2025

 

(11,307

)

 

(11,307

)
TOTAL STOCKHOLDERS’ EQUITY

 

193,036

 

 

192,541

 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

1,688,153

 

$

1,673,199

 
   
* All share amounts have been adjusted to reflect the three-for-one stock split effective May 15, 2026.
Muncy Columbia Financial Corporation
Consolidated Statements of Income
   

For the Three Months Ended

 

For the Nine Months Ended

September 30,

 

September 30,
(In Thousands, Except Share and Per Share Data) (Unaudited)

2026

 

2025

 

2026

 

2025
INTEREST AND DIVIDEND INCOME
Interest and fees on loans:
Taxable

$

20,326

 

$

19,365

$

59,313

 

$

56,454

 
Tax-exempt

 

380

 

 

377

 

1,187

 

 

1,195

 
Interest and dividends on investment securities:
Taxable

 

2,194

 

 

1,497

 

6,229

 

 

3,905

 
Tax-exempt

 

844

 

 

864

 

2,578

 

 

2,584

 
Dividend and other interest income

 

120

 

 

151

 

394

 

 

484

 
Deposits in other banks

 

102

 

 

347

 

565

 

 

482

 
TOTAL INTEREST AND DIVIDEND INCOME

 

23,966

 

 

22,601

 

70,266

 

 

65,104

 
   
INTEREST EXPENSE
Deposits

 

6,239

 

 

6,255

 

18,183

 

 

18,093

 
Short-term borrowings

 

94

 

 

168

 

307

 

 

963

 
Long-term borrowings

 

–

 

 

527

 

931

 

 

1,721

 
TOTAL INTEREST EXPENSE

 

6,333

 

 

6,950

 

19,421

 

 

20,777

 
   
NET INTEREST INCOME

 

17,633

 

 

15,651

 

50,845

 

 

44,327

 
   
PROVISION FOR CREDIT LOSSES

 

942

 

 

479

 

1,405

 

 

843

 
   
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

 

16,691

 

 

15,172

 

49,440

 

 

43,484

 
   
NON-INTEREST INCOME
Service charges and fees

 

777

 

 

774

 

2,279

 

 

2,205

 
Interchange fees

 

659

 

 

671

 

1,948

 

 

1,967

 
Gain (loss) on sale of loans

 

128

 

 

186

 

(354

)

 

340

 
Earnings on bank-owned life insurance

 

257

 

 

235

 

746

 

 

699

 
Gain on settlement of bank-owned life insurance claims

 

–

 

 

–

 

605

 

 

–

 
Brokerage

 

289

 

 

215

 

837

 

 

700

 
Trust

 

299

 

 

268

 

878

 

 

786

 
Gains on marketable equity securities

 

31

 

 

48

 

236

 

 

28

 
Realized losses on available-for-sale debt securities, net

 

(2,404

)

 

–

 

(3,849

)

 

(426

)
Other non-interest income

 

575

 

 

495

 

2,335

 

 

1,275

 
TOTAL NON-INTEREST INCOME

 

611

 

 

2,892

 

5,661

 

 

7,574

 
   
NON-INTEREST EXPENSE
Salaries and employee benefits

 

5,417

 

 

4,799

 

16,330

 

 

16,103

 
Occupancy

 

669

 

 

644

 

2,085

 

 

2,004

 
Furniture and equipment

 

390

 

 

418

 

1,126

 

 

1,304

 
Pennsylvania shares tax

 

374

 

 

336

 

1,123

 

 

938

 
Professional fees

 

327

 

 

491

 

1,416

 

 

1,353

 
Director’s fees

 

158

 

 

165

 

486

 

 

483

 
Federal deposit insurance

 

195

 

 

217

 

585

 

 

652

 
Data processing and telecommunications

 

973

 

 

877

 

2,814

 

 

2,794

 
Automated teller machine and interchange

 

152

 

 

230

 

454

 

 

595

 
Amortization of intangibles

 

454

 

 

511

 

1,362

 

 

1,532

 
Other non-interest expense

 

939

 

 

1,290

 

2,884

 

 

3,167

 
TOTAL NON-INTEREST EXPENSE

 

10,048

 

 

9,978

 

30,665

 

 

30,925

 
   
INCOME BEFORE INCOME TAX PROVISION

 

7,254

 

 

8,086

 

24,436

 

 

20,133

 
INCOME TAX PROVISION

 

1,211

 

 

1,367

 

4,082

 

 

3,301

 
NET INCOME

$

6,043

 

$

6,719

$

20,354

 

$

16,832

 
   
EARNINGS PER SHARE – BASIC AND DILUTED

$

0.57

 

$

0.63

$

1.92

 

$

1.59

 
WEIGHTED AVERAGE SHARES OUTSTANDING

 

10,614,065

 

 

10,605,026

 

10,612,212

 

 

10,601,738

 
   
* All share and per share amounts have been adjusted to reflect the three-for-one stock split effective May 15, 2026.
At or Three Months Ended (Unaudited)
   
(Dollars in Thousands, Except Per Share Data) 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025
   
Operating Highlights
   
Net income

$

6,043

 

$

7,155

 

$

7,156

 

$

7,393

 

$

6,719

 
Net interest income

 

17,633

 

 

16,769

 

 

16,443

 

 

16,272

 

 

15,651

 
Provision (credit) for credit losses

 

942

 

 

394

 

 

69

 

 

(4

)

 

479

 
Non-interest income

 

611

 

 

2,560

 

 

2,490

 

 

2,789

 

 

2,892

 
Non-interest expense

 

10,048

 

 

10,420

 

 

10,197

 

 

10,095

 

 

9,978

 
   
Balance Sheet Highlights
   
Total assets

$

1,688,153

 

$

1,672,332

 

$

1,717,328

 

$

1,673,199

 

$

1,654,950

 
Loans, net and loans held for sale

 

1,199,571

 

 

1,197,277

 

 

1,172,517

 

 

1,168,469

 

 

1,160,829

 
Goodwill and other intangibles, net

 

32,289

 

 

32,743

 

 

33,197

 

 

33,651

 

 

34,142

 
Total deposits
Noninterest-bearing

$

273,744

 

$

277,392

 

$

283,210

 

$

277,012

 

$

272,376

 
Savings

 

196,498

 

 

198,675

 

 

196,828

 

 

192,311

 

 

192,903

 
NOW

 

490,238

 

 

453,593

 

 

451,699

 

 

461,367

 

 

456,661

 
Money Market

 

119,398

 

 

113,486

 

 

127,633

 

 

104,726

 

 

107,853

 
Time Deposits

 

391,961

 

 

390,449

 

 

394,198

 

 

377,336

 

 

367,097

 
Total interest-bearing deposits

 

1,198,095

 

 

1,156,203

 

 

1,170,358

 

 

1,135,740

 

 

1,124,514

 
Core deposits (a)

 

1,079,878

 

 

1,043,146

 

 

1,059,370

 

 

1,035,416

 

 

1,029,793

 
   
Selected Ratios
   
Fully tax-equivalent net interest margin

 

4.54

%

 

4.37

%

 

4.33

%

 

4.27

%

 

4.15

%
Annualized return on average assets

 

1.42

%

 

1.70

%

 

1.72

%

 

1.77

%

 

1.63

%
Annualized return on average equity

 

11.97

%

 

14.65

%

 

14.83

%

 

15.49

%

 

14.81

%
   
Capital Ratios – Journey Bank (b)
   
Common equity tier I capital ratio

 

17.11

%

 

16.74

%

 

16.29

%

 

15.92

%

 

15.69

%
Tier 1 capital ratio

 

17.11

%

 

16.74

%

 

16.29

%

 

15.92

%

 

15.69

%
Total risk-based capital ratio

 

18.18

%

 

17.73

%

 

17.26

%

 

16.87

%

 

16.70

%
Leverage ratio

 

10.50

%

 

10.22

%

 

9.88

%

 

9.93

%

 

9.62

%
   
Asset Quality Ratios
   
Non-performing assets

$

11,272

 

$

8,881

 

$

9,360

 

$

11,978

 

$

15,536

 
Allowance for credit losses – loans

 

11,032

 

 

10,261

 

 

9,968

 

 

9,959

 

 

10,548

 
Allowance for credit losses to total loans

 

0.91

%

 

0.85

%

 

0.84

%

 

0.85

%

 

0.90

%
Non-performing assets to total assets

 

0.67

%

 

0.53

%

 

0.55

%

 

0.72

%

 

0.94

%
   
Per Share Data
   
Earnings per share

$

0.57

 

$

0.67

 

$

0.67

 

$

0.70

 

$

0.63

 
Dividends declared per share (c)

 

0.155

 

 

0.155

 

 

0.487

 

 

0.150

 

 

0.150

 
Book value

 

18.18

 

 

18.72

 

 

18.10

 

 

18.15

 

 

17.39

 
Common stock price:
Bid

$

29.50

 

$

27.31

 

$

21.97

 

$

15.94

 

$

16.45

 
Ask

 

33.00

 

 

27.73

 

 

23.57

 

 

19.85

 

 

16.67

 
Weighted average common shares

 

10,614,065

 

 

10,612,247

 

 

10,610,284

 

 

10,607,955

 

 

10,605,026

 
   
* All share and per share amounts have been adjusted to reflect the three-for-one stock split effective May 15, 2026.
(a) Core deposits are defined as total deposits less time deposits.
(b) Capital ratios for the most recent period are estimated.
(c) Includes special one-time cash dividend of $0.333 per share for the three months ended 3/31/2026.

 

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