secwatch.observer — SEC 8-K summary
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Issuer:     MUNCY COLUMBIA FINANCIAL Corp (CCFN)
CIK:        0000731122
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001999371-24-002131
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Muncy Columbia reports Q4 GAAP net loss of $1.2M; raises quarterly dividend to $0.44
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- Net loss of $1.186M (($0.41) EPS) vs net income of $2.595M ($1.25 EPS) in Q4 2022; full year net income $3.387M ($1.49 EPS).
- Completed merger with Muncy Bank Financial on Nov 11, 2023; total consideration $55.1M, recorded $17.7M goodwill and $12.1M core deposit intangible.
- Quarterly dividend raised to $0.44 per share (from $0.43), payable March 14, 2024 to holders of record Feb 27, 2024.
- Pre-tax merger-related expenses of $1.8M in Q4 and $3.0M for the year; also recorded a $2.9M one-time CECL provision on acquired non-PCD loans.
- Total assets rose to $1.6B from $944M a year earlier; book value per share $43.08 vs $41.34; net interest margin fell to 2.34% from 2.55%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/731122/000199937124002131/0001999371-24-002131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/731122/000199937124002131/muncy_8k-021324.htm
  HTML page:      https://secwatch.observer/filing/0001999371-24-002131

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