secwatch.observer — SEC 8-K summary
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Issuer:     CB Financial Services, Inc. (CBFV)
CIK:        0001605301
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001605301-22-000024
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CB Financial records $2.7M pre-tax charge-off on C&I loan; borrower ceasing ops
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- $2.7M pre-tax charge-off on a $3.5M revolving credit line with $2.66M outstanding as of June 1, 2022.
- Borrower, a general contractor, notified Bank it intends to cease business operations over the next year.
- Loan is partially secured by business assets; Bank pursuing legal remedies but recovery prospects limited.
- No specific loan loss reserve existed against the loan; it is the borrower's only credit with the Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605301/000160530122000024/0001605301-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605301/000160530122000024/cbfv-20220606.htm
  HTML page:      https://secwatch.observer/filing/0001605301-22-000024

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