CB Financial Services is the holding company for Community Bank, a community bank serving southwestern Pennsylvania and parts of West Virginia. Community Bank operates 12 branches across Greene, Allegheny, Washington, Fayette, and Westmoreland Counties in Pennsylvania, and Marshall and Ohio Counties in West Virginia, plus loan production offices in the Pittsburgh area. The bank sold its insurance subsidiary, Exchange Underwriters, in December 2023, and is now a pure-play community bank. Community Bank operates on the traditional community bank model: gathering local deposits at relatively low cost and deploying that funding into loans and investments at higher yields, earning the net interest margin. Loans total $1.16B and are concentrated in real estate — commercial real estate makes up roughly 48% of the portfolio, followed by residential real estate at roughly 28%, and C&I loans at roughly 14%, with smaller allocations to construction, consumer, and municipal loans. The bank generally sells long-term fixed-rate mortgages into the secondary market and retains adjustable-rate loans. Community Bank also maintains an investment securities portfolio of roughly $280M, including mortgage-backed securities, CLOs, municipal bonds, and corporate debt, used to deploy excess liquidity and manage interest rate risk. Profitability is driven by loan volume and mix, net interest margin, credit quality, and deposit funding costs. Fee income from loan origination and other banking services is secondary to interest income.