Community Bankers’ Bank and CBB Financial Corp. Announce Fourth Quarter 2024 Operating Results

a. Non Interest Deposits are up 4% for the year. The additional deposits have been utilized to pay down higher funding cost to help manage interest expense.

b. Non-interest income increased 7% year over year. The increase was driven by income from alliance partnerships helping our clients improve their productivity.

c. Continued focus on managing expenses resulted in non-interest expense remaining flat year over year.

The Bank continues to maintain a strong capital position that exceeds all regulatory requirements to be classified as “well capitalized,” with a Community Bank Leverage Ratio of 13.46% at December 31, 2024, compared to 13.04% at December 31, 2023.

Gary R. Shook, President and Chief Executive Officer of CBB Financial Corp. and Community Bankers’ Bank, commented, “2024 came together as a nice year for Community Bankers’ Bank.  CBB continued in its focus on being a community bank owned cooperative serving only community banks.  2025 offers plenty of economic and regulatory uncertainty as new regulators bring a new focus which affects our shareholders.  We do feel that new focus will bring a more supportive approach to banks and bankers which bodes well for all.  CBB will continue to focus on all things lending, bank investments, bank cash management and banker requested Alliance Partnerships.  We will also continue to focus on providing our services in eastern Tennessee.”  Shook continued, “I often get asked what it is that our clients and shareholders need from CBB.  Their answer is simple, to be a helping hand in managing participation loans, hands on and personal assistance with cash management services and to have a community banker owned investment services group to provide unbiased advice as to portfolio management.  CBB proudly brings all of these needed services to the table.  2025 will be an exciting year as CBB continues to invest in the future of community banks and banking.”

For further information, please contact:

Gary R. Shook