secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K/A
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001999371-24-000780
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Muncy Columbia files MBF Q3 2023 financials; net income $3.67M, assets $660M
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- MBF net income $3.674M for nine months ended Sep 30, 2023, down from $4.830M in 2022; diluted EPS $2.28 vs $3.00.
- Total assets $660.5M; loans net $510.2M; deposits $521.5M; shareholders' equity $43.9M as of Sep 30, 2023.
- Merger closed Nov 11, 2023; MBF shareholders received 0.9259 MCFC shares per MBF share (cash for fractional shares at $41.47).
- MBF incurred $355,000 merger-related expenses in the nine-month period ended Sep 30, 2023.
- Adopted CECL on Jan 1, 2023, reducing retained earnings by $311,000 as a cumulative-effect adjustment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000199937124000780/0001999371-24-000780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000199937124000780/ccfn_8ka-111123.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-000780

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