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MIDDLETOWN, Md., July 19, 2021 /PRNewswire/ Community Heritage Financial, Inc. ( the Company ) (OTC Pink: CMHF), the parent company for Middletown Valley Bank ( MVB or the Bank ) and Millennium Financial Group, Inc. ( Mlend ), announced today that for the period ending June 30, 2021 the Company earned year to date net income of $2.501 million or $1.11 per share, the highest for the time period in the history of the Company, with an increase of $1.142 million or 84% compared to June 30, 2020 at $1.359 million or $0.60 per share. Net income for the second quarter was $892 thousand or $0.40 per share, a decrease of 44.6% or $718 thousand compared to first quarter net income of $1.609 million or $0.71 per share. Year over year second quarter net income increased $43 thousand or 5% compared to the second quarter of 2020.
Community Heritage Financial, Inc Reports Earnings for the Second Quarter of 2021
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Community Heritage Financial, Inc Reports Earnings for the Second Quarter of 2021
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Community Heritage Financial, Inc Reports Earnings for the Second Quarter of 2021
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MIDDLETOWN, Md., Jan. 21, 2021 /PRNewswire/ Community Heritage Financial, Inc. ( the Company ) (OTC Pink: CMHF), the parent company for Middletown Valley Bank ( MVB ) and Millennium Financial Group, Inc. ( Mlend ), announced today that for the quarter ended December 31, 2020, the Company earned net income of $1.567 million or $0.70 per share, an increase of 30.5% or $366 thousand compared to net income of $1.201 million or $0.53 per share for the third quarter of 2020. Net income for the quarter ended December 31, 2020 as compared to the quarter ended December 31, 2019 was up $1.001 million from $566 thousand and earnings per share increased $0.45 per share from $0.25 per share in the fourth quarter of 2019. Year-to-date net income of $4.127 million increased $1.497 million or 56.9% from $2.631 million for 2019. Earnings per share for the year ended 2020 was $1.83 per share compared to $1.17 per share for 2019, an increase of $0.66 per sh