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CNB Corp. (CNBW/CNBW.PK) Wrap Up:

CNB Corporation operates as the holding company for the Conway National Bank that provides commercial banking services to individuals and small to medium-sized businesses located in Horry County and Georgetown County, South Carolina. It generates various deposit products, including checking accounts, NOW accounts, money market deposit accounts, individual retirement accounts, health savings accounts, savings deposits, and time deposits. The company provides loans secured by first or second mortgages on residential and commercial real estate; commercial loans, including secured and unsecured loans for working capital, loans for business expansion, and loans for purchases of equipment; consume...
www.conwaynationalbank.com
261 Employees
Founded in 1903

CNB Corp. (CNBW:OTC)

Market Cap
93.5M
Total Revenue
34.1M
EBITDA
--
DILUTED EPS TTM
4.24
P/E
13.2x
P/S
2.7x
Return On Asset
0.80
Return On Equity
8.34
K = Thousands  M = Millions  B = Billions

CNBW Top Compensated Officers

Mr. W. Jennings Duncan
Chief Executive Officer, President, Executive...
Age: 53
Total Annual Compensation: $224.7K
Mr. L. Ford Sanders II
Chief Financial Officer, Chief Accounting Off...
Age: 47
Total Annual Compensation: $191.1K
Mr. William R. Benson
Senior Vice President, Director and Director ...
Age: 56
Total Annual Compensation: $89.2K
Mr. Marion E. Freeman Jr.
Senior Vice President of the Conway National...
Age: 52
Total Annual Compensation: $170.1K
Mr. Phillip H. Thomas
Senior Vice President of the Conway National ...
Age: 54
Total Annual Compensation: $144.1K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for CNB Corp. (CNBW)

CNB Corp. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2009

CNB Corp. reported unaudited consolidated earnings results for the six months ended June 30, 2009. Net income for the six months ended June 30, 2009 totaled $2,779,000, down substantially from $4,677,000 for the same period in 2008, 40.6%. Although earnings declined for the first half of 2009, Conway National performed very well in comparison to national peer and to the combined operating results of all South Carolina banks. On a per share basis, earnings declined 39.9% from $5.56 in 2008 to $3.34 in 2009 representing an annualized return on average assets of 0.62% and an annualized return on average equity of 6.41% as compared to 1.08% and 11.17%, respectively, for the same period in 2008. The annualized return on average assets for the Bank's national peer group was 0.40% for the first half of 2009, while the combined operating results for all South Carolina banks was a net loss of 0.20% for the same period. The company reported income before income taxes of $4,024,000 on net interest income of $15,978,000 and total interest income of $22,417,000 compared to income before income taxes of $7,012,000 on net interest income of $15,754,000 and total interest income of $22,108,000 for the same period of last year. Book value per actual number of shares outstanding was $103.26 as on June 30, 2009 compared to book value per actual number of shares outstanding was $98.90 as on June 30, 2008.

CNB Corp. announced delayed 10-Q filing

On 08/10/2009, CNB Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

CNB Corp. Announces Earnings Results for the First Quarter Ended March 31, 2009

CNB Corp. announced earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net income was $1,938,000, down from $2,540,000 for the same period in 2008, 23.7%. On a per share basis, earnings declined 22.0% from $3.00 in 2008 to $2.34 in 2009 representing an annualized return on average assets of 0.87% and an annualized return on average equity of 9.05% as compared to 1.16% and 12.24%, respectively, for the same period in 2008. Bank earnings are primarily the result of the Bank's net interest income, which decreased 1.5% to $7,868,000 for the quarter ended March 31, 2009 from $7,986,000 for the same period in 2009. Other factors which affect earnings include the provision for possible loan losses, other expense, and other income. As on March 31, 2009, book value per actual number of shares outstanding was $102.38 compared to $99.75. Income before income taxes was $2,858,000 compared to $3,835,000 for the same period a year ago.

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Industry Analysis

Valuation CNBW Industry Range
Price/Earnings 13.2x
Price/Sales 2.7x
Price/Book 1.1x
Not meaningful
Price/Cash Flow 13.2x
TEV/Sales NM Not Meaningful

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