# EDGAR Filing Document

**Accession Number:** 0001605301
**File Stem:** 0001605301-25-000039
**Filing Date:** 2025-9
**Character Count:** 9425
**Document Hash:** 06897a7e07f7ff1186665d26464ef6f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001605301-25-000039.hdr.sgml**: 20250902

**ACCESSION NUMBER**: 0001605301-25-000039

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250902

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250902

**DATE AS OF CHANGE**: 20250902

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CB Financial Services, Inc.
- **CENTRAL INDEX KEY:** 0001605301
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 510534721
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 549300JEGYKCDOBSG664

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36706
- **FILM NUMBER:** 251285605

**BUSINESS ADDRESS:**
- **STREET 1:** 100 NORTH MARKET STREET
- **CITY:** CARMICHAELS
- **STATE:** PA
- **ZIP:** 15320
- **BUSINESS PHONE:** (888) 223-8099

**MAIL ADDRESS:**
- **STREET 1:** 100 NORTH MARKET STREET
- **CITY:** CARMICHAELS
- **STATE:** PA
- **ZIP:** 15320

?xml version='1.0' encoding='ASCII'? cbfv-20250902

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): <u>September 2, 2025</u>

---

| |
|:---|
| **CB FINANCIAL SERVICES, INC.** |
| (Exact name of registrant as specified in its charter) |

---

Commission file number: <u>001-36706</u>

Pennsylvania 51-0534721 <br> (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

 100 N. Market Street, <u>Carmichaels,</u> <u>PA</u> 15320 <br> (Address of principal executive offices) (Zip code)

 <u>(724)</u> <u>966-5041</u>  <br> (Registrant's telephone number, including area code)

 Not Applicable <br> (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Common stock, par value $0.4167 per share | CBFV | The Nasdaq Stock Market, LLC |
| (Title of each class) | (Trading symbol) | (Name of each exchange on which registered) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standard provided pursuant to Section 13(a) of the Exchange

Act. ☐

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**Item 8.01.&nbsp;&nbsp;&nbsp;&nbsp;Other Events.**

On September 2, 2025, CB Financial Services, Inc. (the "Company") issued a press release regarding the execution of a balance sheet repositioning strategy related to its available-for-sale investment securities portfolio. For further information, refer to the copy of the press release which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits.

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| <u>[99.1.](pressrelease-securitiesrep.htm)</u> | Press Release Dated September 2, 2025 |
| 104.1. | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **CB FINANCIAL SERVICES, INC.** | **CB FINANCIAL SERVICES, INC.** |
| Date: September 2, 2025 | By: | /s/ John H. Montgomery |
|  |  | John H. Montgomery |
|  |  | President and Chief Executive Officer |

---

## Exhibit 99.1

Immediate Release

**CB Financial Services, Inc.**

 **Repositions Balance Sheet**

WASHINGTON, PA., <u>September 2, 2025</u> -- CB Financial Services, Inc. ("CB" or the "Company") (NASDAQGM: CBFV), the holding company of Community Bank (the "Bank"), announced today the implementation of a balance sheet repositioning strategy of its portfolio of available-for-sale investment securities.

The Bank sold $129.6 million in book value of lower-yielding investment securities, with an average yield of 2.87%, for an estimated after-tax realized loss of $9.3 million. Investment securities sold included $121.1 million of mortgage-backed securities/collateralized mortgage obligations issued by the U.S. government-sponsored agencies, $5.0 million of U.S. government agency securities and $3.5 million of municipal securities.

The Bank expects to purchase $117.8 million of higher-yielding mortgage-backed securities/collateralized mortgage obligations issued by U.S government-sponsored agencies, municipal securities, subordinated debt investments and non-agency guaranteed securitizations with an average yield of approximately 5.51%, all of which will be classified as available-for-sale at time of purchase.

President and CEO John H. Montgomery stated, "We elected to proactively reposition our securities portfolio during the third quarter, which we anticipate will provide significant future earnings benefit. We expect the repositioning to add approximately 20 basis points to our net interest margin and approximately $0.41 to annual earnings per share. We believe this is a prudent use of capital designed to enhance long-term shareholder value as well as improve earnings."

On an annualized basis, the purchased securities are expected to have a positive spread differential of about 264 basis points over the securities that were sold, which is expected to add approximately $2.2 million of after-tax earnings. The Bank expects to recover the estimated $9.3 million after-tax realized loss on the sale of securities in about 4.2 years.

The loss on the sale of securities is expected to have a neutral impact on the Company's consolidated shareholders' equity and tangible book value per share. As a result of the repositioning, the Bank's regulatory capital levels continue to remain well above those required to be categorized as well-capitalized.

The Company expects the balance sheet repositioning to be accretive to earnings, net interest margin and return on assets in future periods.

**<u>About CB Financial Services, Inc.</u>**

CB Financial Services, Inc. is the bank holding company for Community Bank, a Pennsylvania-chartered commercial bank. Community Bank operates its branch network in southwestern Pennsylvania and West Virginia. Community Bank offers a broad array of retail and commercial lending and deposit services.

For more information about CB Financial Services, Inc. and Community Bank, visit our website at www.cb.bank.

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**<u>Statement About Forward-Looking Statements</u>**

Statements contained in this press release that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and its subsidiaries include, but are not limited to, general and local economic conditions, changes in market interest rates, deposit flows, demand for loans, real estate values and competition, competitive products and pricing, the ability of our customers to make scheduled loan payments, loan delinquency rates and trends, our ability to manage the risks involved in our business, our ability to control costs and expenses, inflation, market and monetary fluctuations, changes in federal and state legislation and regulation applicable to our business, actions by our competitors, and other factors that may be disclosed in the Company's periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.

<u>Company Contact</u>:

John H. Montgomery

President and Chief Executive Officer

Phone: (724) 223-8317

<br>