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 | ||||||||||||||||