secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001839882-23-028061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CCFNB Q3 net income down 53.5% to $1.17M; EPS $0.56 vs $1.21 a year ago
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- Net income for Q3 2023 was $1.17M ($0.56 EPS) vs $2.52M ($1.21 EPS) in Q3 2022; nine-month net income $4.57M ($2.20) vs $6.92M ($3.33).
- Nine-month results included $1.21M in merger-related expenses, weighing on earnings.
- Net interest margin fell to 2.29% from 2.56% year-over-year; total assets grew to $957.6M from $944.0M at Dec 2022.
- Deposits decreased $41.8M in nine months while short-term borrowings rose $27.3M and long-term borrowings rose $25.0M.
- Unrealized losses on securities reduced stockholders’ equity by $27.4M; book value per share increased to $42.50 from $41.34.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000183988223028061/0001839882-23-028061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000183988223028061/ccfnb-8k_102423.htm
  HTML page:      https://secwatch.observer/filing/0001839882-23-028061

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