CCFN · Muncy Columbia Financial Corporation

Muncy Columbia Financial Corporation delivered strong first quarter 2026 results with net income increasing 65% year-over-year to $7.2 million. The earnings improvement was driven by multiple factors: net interest income grew by $2.6 million to $16.4 million, reflecting a $2.1 million increase in interest and dividend income and a $515,000 decrease in interest expense. This expansion in net interest income was supported by a higher fully-tax equivalent net interest margin of 4.33%, up from 3.83% in the prior year quarter. Non-interest expense decreased by $894,000 to $10.2 million, primarily due to lower salaries and employee benefits expense, which declined by $987,000 as the prior year quarter included one-time pretax expenses of $1.3 million related to the retirement of the Executive Chairman. This decrease was partially offset by higher health insurance expenses and ongoing salary increases. The company's asset quality improved, with non-performing assets decreasing to $9.4 million (0.55% of total assets) from $12.0 million (0.72%) at December 31, 2025, largely due to the sale of a portfolio of 82 delinquent residential mortgage loans in January 2026, which resulted in a pretax loss of $714,000. Total assets grew to $1.72 billion, supported by strong organic deposit growth of $40.8 million during the quarter. The company remains well capitalized with an equity to assets ratio of 11.18% and declared total cash dividends of $1.46 per share, including a special one-time dividend of $1.00 per share payable on April 23, 2026.