MUNCY Muncy Bank Financial, Inc., (MYBF), the parent company of The Muncy Bank and Trust Company, recently released the financial results for the nine months ending September 30, 2016.

Financial Highlights

Financial highlights for Muncy Bank Financial, Inc. for the nine months ending September 30, 2016 compared to 2015 include:

Dividend paid increased to $0.84/share compared to $0.75/share in 2015

Shareholders’ Equity increased 6.91% to $43,476,271

Total Deposits increased 6.12% to $340,910,706

Net Loans increased 1.28% to $303,109,935

Total Assets increased 5.37% to $394,294,851

Return on Average Assets was 1.02%

Return on Average Equity was 9.22%

Net income through September 30, 2016 was $2,915,262 or $1.95 per share, compared to $3,457,945 or $2.30 per share for the same period in 2015. The decrease in net income was impacted by additional salary, healthcare, technology and company expansion expenses.

With the bank’s loan growth of 1.28%, the bank’s overall delinquency ratio was .82% of gross loans outstanding, with loan loss allowance totals of $3,294,385 or 1.08% of loans outstanding. Total deposits increased to $340,910,706 compared to $321,262,721 for the same period in 2015.

Muncy Bank Financial, Inc. increased dividends 12% year-to-date to $.84 per share compared to $.75 per share at September 30, 2015.

The Muncy Bank and Trust Company recently held a ground breaking ceremony for a new community office in Linden, PA. Plans are also in place to open a full service office in Avis, PA in 2017.