Commercial National Financial Corporation Reports 4th Quarter 2025 Results

ITHACA, Mich., Jan. 22, 2026 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (OTCID: CEFC) reported net income for the fourth quarter of 2025 of $1,784,000 or $0.45 per share compared to fourth quarter 2024 net income of $1,882,000 or $0.47 per share. Return on Equity was 12.64% for the fourth quarter of 2025 compared to 14.73% for the fourth quarter of 2024.

Net interest income for the fourth quarter of 2025 increased by $320,000 or 6.5% compared to the respective 2024 period. Interest income decreased by $196,000, mainly due to a decrease in loans. Interest expense decreased by $516,000, mainly due to a decrease in funding costs. Non-interest income decreased by $218,000, while operating expenses increased by $150,000, which was mainly due to higher wages and benefits expense.

Total assets were $554 million as of December 31, 2025 compared to $567 million as of December 31, 2024. Total deposits decreased by $27 million, which consisted of a decrease of $15 million in core deposits and $12 million in brokered deposits, which were replaced with borrowings from the Federal Home Loan Bank. While total loans decreased by $24 million or 6.1% due to the high interest rate environment and early loan payoffs, loan quality remained strong with a non-performing assets ratio of 0.17%. Additionally, CEFC's wholly owned subsidiary, Commercial Bank, remains "well capitalized" for regulatory purposes.

Visit www.commercial-bank.com to view the latest news releases and other information about CEFC and Commercial Bank.

Selected Financial Data (unaudited):

 

 

Quarter Ended

 

Year to Date

 

 

Dec 31, 2025

 

Dec 31, 2024

 

Dec 31, 2025

 

Dec 31, 2024

 

Return on Equity

 

12.64

%

 

 

14.73

%

 

 

12.44

%

 

 

12.04

%

 

Return on Assets

 

1.28

%

 

 

1.31

%

 

 

1.19

%

 

 

1.02

%

 

Net Interest Margin

 

4.04

%

 

 

3.66

%

 

 

3.87

%

 

 

3.44

%

 

 

 

 

 

 

 

 

 

Dec 31, 2025

 

Dec 31, 2024

 

 

 

 

 

Non-Performing Assets Ratio

 

0.17

%

 

 

0.28

%

 

 

 

 

 

Tier 1 Leverage Capital Ratio(1)

 

10.88

%

 

 

10.32

%

 

 

 

 

 

Total Risk-Based Capital Ratio(1)

 

18.30

%

 

 

16.99

%

 

 

 

 

 

Book Value Per Share

$

14.30

 

 

$

12.74

 

 

 

 

 

 

Market Value Per Share

$

13.65

 

 

$

9.85

 

 

 

 

 

 

(1) Ratios are for Commercial Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Statements of Income (unaudited):

 

 

Quarter Ended

 

Year to Date

 

 

Dec 31, 2025

 

Dec 31, 2024

 

Dec 31, 2025

 

Dec 31, 2024

 

Interest Income

$

6,496,798

 

 

$

6,692,617

 

 

$

26,081,644

 

 

$

26,762,188

 

 

Interest Expense