8-K
MUNCY COLUMBIA FINANCIAL Corp (CCFN)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
January 21, 2026
Date of Report (Date of earliest event reported)
MUNCY COLUMBIA FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
| Pennsylvania | 000-19028 | 23-2254643 |
|---|---|---|
| (State or other jurisdiction of<br><br> incorporation) | (Commission File <br><br>Number) | (I.R.S. Employer <br><br>Identification No.) |
1199 Lightstreet Road
Bloomsburg, PA 17815
(Address of principal executive offices)
570-784-4400
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | None | None |
Indicated by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ☐
If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION
Lance O. Diehl, President and Chief Executive Officer, announced the consolidated financial results for Muncy Columbia Financial Corporation for the fourth quarter 2025. On January 21, 2026, Muncy Columbia Financial Corporation issued a press release titled “Muncy Columbia Financial Corporation Announces Fourth Quarter 2025 Earnings” attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Not applicable
**(**d) Exhibits.
| Exhibit Number | Description |
|---|---|
| 99.1 | Press Release issued by Muncy Columbia Financial Corporation on January 21, 2026 titled “Muncy Columbia Financial Corporation Announces Fourth Quarter 2025 Earnings” |
| 104 | Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: January 21, 2026 | Muncy Columbia Financial Corporation | |
|---|---|---|
| By: | /s/ Joseph K. O’Neill, Jr. | |
| Name: | Joseph K. O’Neill, Jr. | |
| Title: | Executive Vice President and Chief Financial Officer |
Exhibit 99.1
Press Release – For Immediate Release
January 21, 2026
Muncy Columbia Financial Corporation Announces FourthQuarter 2025 Earnings
Bloomsburg, PA – Muncy Columbia Financial Corporation (“Corporation”) (OTCQX: CCFN), parent company of Journey Bank (”Bank”), has released its unaudited consolidated financial results for the fourth quarter of 2025.
Unaudited Financial Information
Muncy Columbia Financial Corporation reported record earnings for the fourth quarter 2025 and year ended December 31, 2025. Net income, as reported under accounting principles generally accepted in the United States of America (“GAAP”), for the fourth quarter 2025 was $7,393,000, or $2.09 per share, compared to $5,224,000, or $1.47 per share, for the fourth quarter 2024. Net income, as reported under GAAP, for the year ended December 31, 2025 was $24,225,000, or $6.85 per share compared to $19,023,000, or $5.33 per share for the same period in 2024. Return on average assets and return on average equity were 1.77% and 15.49%, respectively, for the fourth quarter 2025 as compared to 1.30% and 12.30%, respectively, for the fourth quarter 2024.
Net interest income of $16,272,000 for the fourth quarter 2025 was up $2,876,000 from the fourth quarter 2024 reflecting an increase in total interest and dividend income of $2,046,000 and a decrease of $830,000 in total interest expense. The fully-tax equivalent net interest margin was 4.27% for the fourth quarter 2025 as compared to 3.63% for the fourth quarter 2024.
For the fourth quarter 2025, a $4,000 credit for credit losses was recorded compared to a $567,000 provision for credit losses for the fourth quarter 2024. As of December 31, 2025 the allowance for credit losses to total loans was 0.85% compared to 0.88% as of December 31, 2024.
Total non-interest income increased $80,000 to $2,789,000 for the fourth quarter 2025, compared to the fourth quarter 2024 amount of $2,709,000. Total non-interest expense increased $640,000 from $9,455,000 for the fourth quarter 2024, to $10,095,000 for the fourth quarter 2025. Significant variances in total non-interest expense included an increase in salaries and employee benefits of $420,000 due primarily to increases in salaries expense of $123,000, health care expense of $159,000 and other employee benefits of $138,000, an increase in professional fees of $199,000 due primarily to higher internal and external audit fees and consulting costs and an increase in other non-interest expense of $105,000 due primarily to higher overall marketing and advertising costs as well as higher foreclosure and loan workout expenses comparing the fourth quarter 2025 to the fourth quarter 2024.
Total assets amounted to $1,673,199,000 at December 31, 2025, as compared to $1,595,958,000 at December 31, 2024. For the year ended December 31, 2025, cash and cash equivalents increased $31,160,000, available-for-sale debt securities increased $3,997,000 and loans receivable, not held for sale, increased by $51,644,000. Total liabilities amounted to $1,480,658,000 at December 31, 2025, as compared to $1,429,548,000 at December 31, 2024. Total deposits increased $120,323,000 while short-term borrowings decreased $55,933,000 and long-term borrowings decreased $14,952,000 during the year ended December 31, 2025.
The increase in total deposits during the year ended December 31, 2025 was as a result of strong organic deposit growth in combination with the continued execution of a strategic initiative to reposition customer repurchase agreements, which are classified as short-term borrowings, into core deposit accounts. The Bank anticipates the completion of this project in 2026 which will assist in optimizing the Bank’s long-term liquidity needs and balance sheet management strategies.
Total non-performing assets amounted to $11,978,000 or 0.72% of total assets at December 31, 2025 as compared to $10,117,000 or 0.63% of total assets at December 31, 2024. The increase in non-performing assets was attributable to an increase in non-accrual loans from $10,047,000 at December 31, 2024 to $11,523,000 at December 31, 2025. Both total non-performing assets and non-accrual loans decreased during the fourth quarter 2025 from their respective amounts at September 30, 2025 of $15,536,000 and $15,466,000.
Total stockholders’ equity equated to a book value per share of $54.44 at December 31, 2025 as compared with $47.11 at December 31, 2024. For the fourth quarter 2025 total cash dividends of $0.45 per share were paid to stockholders as compared to $0.44 for the same period of 2024. For the year ended December 31, 2025, total cash dividends of $2.30 per share were paid to stockholders, which includes the impact of a special one-time cash dividend of $0.50 per share, as compared to $1.76 for the same period of 2024. The Corporation remains well capitalized, with an equity to assets ratio of 11.51% at December 31, 2025 as compared to 10.43% at December 31, 2024.
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About Muncy Columbia Financial Corporation
Muncy Columbia Financial Corporation ("MCFC") is a registered financial holding company headquartered in Bloomsburg, Pennsylvania. MCFC has one subsidiary bank, Journey Bank, serving individuals, families, nonprofits and business clients throughout Clinton, Columbia, Luzerne, Lycoming, Montour, Northumberland and Sullivan Counties through 22 banking offices.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: changes in general economic trends, including inflation and changes in interest rates; our ability to manage credit risk; our ability to maintain an adequate level of allowance for credit loss on loans; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; fluctuations in the values of securities held in our securities portfolio, including as a result of changes in interest rates; our ability to successfully manage liquidity risk; adverse developments in borrower industries and, in particular, declines in real estate values; the concentration of large deposits from certain customers who have balances above current FDIC insurance limits; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and any other risks described in the “Risk Factors” sections of reports filed by the Corporation with the Securities and Exchange Commission. We do not undertake, and specifically disclaim, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements.
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Muncy Columbia Financial Corporation
Consolidated Balance Sheets
| (In Thousands, Except Share and Per Share Data) (Unaudited) | December 31,<br><br> 2024 | ||||
|---|---|---|---|---|---|
| ASSETS | |||||
| Cash and due from banks | 12,828 | $ | 11,200 | ||
| Interest-bearing deposits in other banks | 35,712 | 6,180 | |||
| Total cash and cash equivalents | 48,540 | 17,380 | |||
| Available-for-sale debt securities, at fair value | 327,245 | 323,248 | |||
| Marketable equity securities, at fair value | 1,411 | 1,355 | |||
| Restricted investment in bank stocks, at cost | 5,412 | 7,095 | |||
| Loans held for sale | 847 | 1,691 | |||
| Loans receivable | 1,177,581 | 1,125,937 | |||
| Allowance for credit losses | (9,959 | ) | (9,858 | ) | |
| Loans, net | 1,167,622 | 1,116,079 | |||
| Premises and equipment, net | 26,263 | 26,484 | |||
| Foreclosed assets held for sale | 320 | 70 | |||
| Accrued interest receivable | 5,063 | 4,850 | |||
| Bank-owned life insurance | 41,740 | 40,953 | |||
| Investment in limited partnerships | 4,346 | 5,092 | |||
| Deferred tax asset, net | 5,992 | 10,012 | |||
| Goodwill | 25,609 | 25,609 | |||
| Other intangible assets, net | 8,042 | 10,047 | |||
| Other assets | 4,747 | 5,993 | |||
| TOTAL ASSETS | 1,673,199 | $ | 1,595,958 | ||
| LIABILITIES | |||||
| Interest-bearing deposits | 1,135,740 | $ | 1,032,729 | ||
| Noninterest-bearing deposits | 277,012 | 259,700 | |||
| Total deposits | 1,412,752 | 1,292,429 | |||
| Short-term borrowings | 12,455 | 68,388 | |||
| Long-term borrowings | 40,584 | 55,536 | |||
| Accrued interest payable | 1,644 | 1,857 | |||
| Other liabilities | 13,223 | 11,338 | |||
| TOTAL LIABILITIES | 1,480,658 | 1,429,548 | |||
| STOCKHOLDERS' EQUITY | |||||
| Common stock, par value 1.25 per share; 15,000,000 shares authorized; | |||||
| issued 3,845,479 and outstanding 3,536,754 at December 31, 2025; | |||||
| issued 3,841,438 and outstanding 3,532,713 at December 31, 2024 | 4,807 | 4,802 | |||
| Additional paid-in capital | 83,720 | 83,543 | |||
| Retained earnings | 119,364 | 103,268 | |||
| Accumulated other comprehensive loss | (4,043 | ) | (13,896 | ) | |
| Treasury stock, at cost; 308,725 shares at December 31, 2025 and 2024 | (11,307 | ) | (11,307 | ) | |
| TOTAL STOCKHOLDERS' EQUITY | 192,541 | 166,410 | |||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,673,199 | $ | 1,595,958 |
All values are in US Dollars.
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Muncy Columbia Financial Corporation
Consolidated Statements of Income
| For the Three Months Ended | For the Years Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 31, | December 31, | |||||||||||
| (In Thousands, Except Share and Per Share Data) (Unaudited) | 2025 | 2024 | 2025 | 2024 | ||||||||
| INTEREST AND DIVIDEND INCOME | ||||||||||||
| Interest and fees on loans: | ||||||||||||
| Taxable | $ | 19,548 | $ | 18,282 | $ | 76,002 | $ | 71,513 | ||||
| Tax-exempt | 388 | 412 | 1,583 | 1,518 | ||||||||
| Interest and dividends on investment securities: | ||||||||||||
| Taxable | 1,675 | 1,081 | 5,580 | 4,256 | ||||||||
| Tax-exempt | 877 | 853 | 3,461 | 3,361 | ||||||||
| Dividend and other interest income | 141 | 190 | 625 | 807 | ||||||||
| Deposits in other banks | 285 | 50 | 767 | 288 | ||||||||
| TOTAL INTEREST AND DIVIDEND INCOME | 22,914 | 20,868 | 88,018 | 81,743 | ||||||||
| INTEREST EXPENSE | ||||||||||||
| Deposits | 6,022 | 6,049 | 24,115 | 22,402 | ||||||||
| Short-term borrowings | 140 | 724 | 1,103 | 5,741 | ||||||||
| Long-term borrowings | 480 | 699 | 2,201 | 3,135 | ||||||||
| TOTAL INTEREST EXPENSE | 6,642 | 7,472 | 27,419 | 31,278 | ||||||||
| NET INTEREST INCOME | 16,272 | 13,396 | 60,599 | 50,465 | ||||||||
| (CREDIT) PROVISION FOR CREDIT LOSSES | (4 | ) | 567 | 839 | 837 | |||||||
| NET INTEREST INCOME AFTER (CREDIT) PROVISION FOR CREDIT LOSSES | 16,276 | 12,829 | 59,760 | 49,628 | ||||||||
| NON-INTEREST INCOME | ||||||||||||
| Service charges and fees | 763 | 723 | 2,968 | 2,732 | ||||||||
| Interchange fees | 674 | 670 | 2,641 | 2,640 | ||||||||
| Gain on sale of loans | 163 | 169 | 503 | 413 | ||||||||
| Earnings on bank-owned life insurance | 226 | 236 | 925 | 928 | ||||||||
| Brokerage | 238 | 198 | 938 | 807 | ||||||||
| Trust | 325 | 290 | 1,111 | 943 | ||||||||
| Gains on marketable equity securities | 28 | 52 | 56 | 60 | ||||||||
| Realized gains (losses) on available-for-sale debt securities, net | 4 | (77 | ) | (422 | ) | (85 | ) | |||||
| Other non-interest income | 368 | 448 | 1,643 | 1,937 | ||||||||
| TOTAL NON-INTEREST INCOME | 2,789 | 2,709 | 10,363 | 10,375 | ||||||||
| NON-INTEREST EXPENSE | ||||||||||||
| Salaries and employee benefits | 5,333 | 4,913 | 21,720 | 19,167 | ||||||||
| Occupancy | 619 | 616 | 2,623 | 2,459 | ||||||||
| Furniture and equipment | 400 | 427 | 1,704 | 1,665 | ||||||||
| Pennsylvania shares tax | 301 | 250 | 1,239 | 941 | ||||||||
| Professional fees | 586 | 387 | 1,939 | 1,522 | ||||||||
| Director's fees | 212 | 276 | 695 | 618 | ||||||||
| Federal deposit insurance | 218 | 225 | 870 | 820 | ||||||||
| Data processing and telecommunications | 851 | 923 | 3,645 | 3,595 | ||||||||
| Automated teller machine and interchange | 184 | 196 | 779 | 671 | ||||||||
| Merger-related expenses | — | (99 | ) | — | 241 | |||||||
| Amortization of intangibles | 491 | 546 | 2,023 | 2,202 | ||||||||
| Other non-interest expense | 900 | 795 | 3,783 | 3,761 | ||||||||
| TOTAL NON-INTEREST EXPENSE | 10,095 | 9,455 | 41,020 | 37,662 | ||||||||
| INCOME BEFORE INCOME TAX PROVISION | 8,970 | 6,083 | 29,103 | 22,341 | ||||||||
| INCOME TAX PROVISION | 1,577 | 859 | 4,878 | 3,318 | ||||||||
| NET INCOME | $ | 7,393 | $ | 5,224 | $ | 24,225 | $ | 19,023 | ||||
| EARNINGS PER SHARE - BASIC AND DILUTED | $ | 2.09 | $ | 1.47 | $ | 6.85 | $ | 5.33 | ||||
| WEIGHTED AVERAGE SHARES OUTSTANDING | 3,535,985 | 3,555,920 | 3,534,435 | 3,568,145 |
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| At or Three Months Ended (Unaudited) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars in Thousands, Except Per Share Data) | 12/31/2025 | 9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | ||||||
| Operating Highlights | |||||||||||
| Net income | $ | 7,393 | $ | 6,719 | $ | 5,768 | $ | 4,345 | $ | 5,224 | |
| Net interest income | 16,272 | 15,651 | 14,808 | 13,868 | 13,396 | ||||||
| (Credit) provision for credit losses | (4 | ) | 479 | 254 | 110 | 567 | |||||
| Non-interest income | 2,789 | 2,892 | 2,237 | 2,445 | 2,709 | ||||||
| Non-interest expense | 10,095 | 9,978 | 9,856 | 11,091 | 9,455 | ||||||
| Balance Sheet Highlights | |||||||||||
| Total assets | $ | 1,673,199 | $ | 1,654,950 | $ | 1,616,215 | $ | 1,602,336 | $ | 1,595,958 | |
| Loans, net and loans held for sale | 1,168,469 | 1,160,829 | 1,149,624 | 1,135,981 | 1,117,770 | ||||||
| Goodwill and other intangibles, net | 33,651 | 34,142 | 34,653 | 35,164 | 35,656 | ||||||
| Total deposits | |||||||||||
| Noninterest-bearing | $ | 277,012 | $ | 272,376 | $ | 272,680 | $ | 273,783 | $ | 259,700 | |
| Savings | 192,311 | 192,903 | 194,816 | 195,748 | 194,958 | ||||||
| NOW | 461,367 | 456,661 | 422,415 | 406,330 | 380,801 | ||||||
| Money Market | 104,726 | 107,853 | 104,677 | 103,759 | 108,263 | ||||||
| Time Deposits | 377,336 | 367,097 | 366,475 | 359,015 | 348,707 | ||||||
| Total interest-bearing deposits | 1,135,740 | 1,124,514 | 1,088,383 | 1,064,852 | 1,032,729 | ||||||
| Core deposits* | 1,035,416 | 1,029,793 | 994,588 | 979,620 | 943,722 | ||||||
| Selected Ratios | |||||||||||
| Fully tax-equivalent net interest margin | 4.27% | 4.15% | 4.04% | 3.83% | 3.63% | ||||||
| Annualized return on average assets | 1.77% | 1.63% | 1.44% | 1.10% | 1.30% | ||||||
| Annualized return on average equity | 15.49% | 14.81% | 13.33% | 10.33% | 12.30% | ||||||
| Capital Ratios - Journey Bank** | |||||||||||
| Common equity tier I capital ratio | 15.92% | 15.69% | 15.33% | 15.13% | 15.06% | ||||||
| Tier 1 capital ratio | 15.92% | 15.69% | 15.33% | 15.13% | 15.06% | ||||||
| Total risk-based capital ratio | 16.87% | 16.70% | 16.33% | 16.13% | 16.03% | ||||||
| Leverage ratio | 9.93% | 9.62% | 9.43% | 9.30% | 9.10% | ||||||
| Asset Quality Ratios | |||||||||||
| Non-performing assets | $ | 11,978 | $ | 15,536 | $ | 13,844 | $ | 12,300 | $ | 10,117 | |
| Allowance for credit losses - loans | 9,959 | 10,548 | 10,167 | 9,985 | 9,858 | ||||||
| Allowance for credit losses to total loans | 0.85% | 0.90% | 0.88% | 0.87% | 0.88% | ||||||
| Non-performing assets to total assets | 0.72% | 0.94% | 0.86% | 0.77% | 0.63% | ||||||
| Per Share Data | |||||||||||
| Earnings per share | $ | 2.09 | $ | 1.90 | $ | 1.63 | $ | 1.23 | $ | 1.47 | |
| Dividend declared per share*** | 0.45 | 0.45 | 0.95 | 0.45 | 0.44 | ||||||
| Book value | 54.44 | 52.17 | 49.87 | 48.50 | 47.11 | ||||||
| Common stock price: | |||||||||||
| Bid | $ | 47.81 | $ | 49.36 | $ | 47.25 | $ | 40.25 | $ | 41.88 | |
| Ask | 59.54 | 50.00 | 49.05 | 42.00 | 42.88 | ||||||
| Weighted average common shares | 3,535,985 | 3,535,009 | 3,533,977 | 3,532,727 | 3,555,920 |
* Core deposits are defined as total deposits less time deposits
** Capital ratios for the most recent period are estimated
*** Includes special one-time cash dividend of $0.50 per share for the three months ended 6/30/2025
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