August 3, 2021 CCFNB Bancorp, Inc. Reports Second Quarter 2021 Earnings

Bloomsburg, PA – CCFNB Bancorp, Inc. (OTC Pink: CCFN), parent company of First Columbia Bank & Trust
Co., has released its unaudited financial statements for the second quarter of 2021.


Net income, as reported under U.S. Generally Accepted Accounting Principles, for the quarter-ended June 30,
2021 was $2,141,000 compared to $2,251,000 for the same period in 2020. Net income, as reported under U.S.
Generally Accepted Accounting Principles, for the six months-ended June 30, 2021 was $4,581,000 compared
to $4,274,000 for the same period in 2020. Earnings per share for the quarter-ended June 30, 2021 and 2020
were $1.03 and $1.08, respectively. Earnings per share for the six months-ended June 30, 2021 and 2020 were
$2.21 and $2.04, respectively. The return on average assets and return on average equity were 1.03% and 8.62% for the six months-ended June 30, 2021 as compared to 1.11% and 8.41% for the same period of 2020.


The net interest margin, tax effected, on interest earning assets and liabilities was 2.63% and 3.14% at June 30,
2021 and 2020, respectively.


Total assets amounted to $917.4 million at June 30, 2021 as compared to $855.1 at December 31, 2020. For the
six months ended June 30, 2021, net loans, not held for sale, decreased by $9.3 million while investment
securities increased $72.7 million and cash and cash equivalents increased $4.0 million to $113.3 million. Over
the same time period, loans held for sale decreased $5.0 million. Total deposits increased $54.2 million while
short term borrowings increased $7.8 million since the end of 2020.


When compared to December 31, 2020, stockholders’ equity, excluding accumulated other comprehensive
income (loss), increased $2.9 million to $107.2 million as of June 30, 2021. The current level of stockholders’
equity equated to a book value per share of $51.29 at June 30, 2021 as compared with $50.90 as of December
31, 2020. For the six months-ended June 30, 2021 cash dividends of $0.81 per share were paid to stockholders
as compared to $0.79 for the same 2020 period. CCFNB Bancorp, Inc. remains well capitalized, with an equity
to assets ratio of 11.6% as of June 30, 2021 and 12.4% at December 31, 2020.


Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements
due to various factors. These factors include operating, legal and regulatory risks; changing economic and
competitive conditions and other risks and uncertainties