CCFN 2026-01-21

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 incorporation)	(Commission File Number)	(I.R.S. Employer 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

(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 Fourth Quarter 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.

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.

Muncy Columbia Financial Corporation

Consolidated Balance Sheets

(In Thousands, Except Share and Per Share Data) (Unaudited)	December 31, 2025			December 31, 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

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

	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