Community Heritage Financial, Inc. (CMHF)
Operating via its various subsidiaries, Community Heritage Financial, Inc. offers comprehensive retail and commercial banking solutions, serving both private clients and corporate entities across Maryland, Pennsylvania, Virginia, West Virginia, and the District of Columbia. Its operational structure is bifurcated into two core divisions: Commercial Banking and Mortgage Banking. The Commercial Banking unit furnishes a diverse array of lending products, encompassing commercial, property, installment, and personal loans, alongside various other forms of corporate finance. Furthermore, it manages a selection of deposit vehicles, such as checking accounts, savings accounts, term deposits, and certificates of deposit. Meanwhile, the Mortgage Banking division principally focuses on creating residential mortgage loans, which are then divested into the broader secondary market. Beyond its banking functions, the institution also extends life insurance offerings. Its physical footprint consists of eight branches strategically positioned within Frederick and Washington Counties, Maryland. Established in 2018, the firm maintains its corporate headquarters in Middletown, Maryland.
Sector: Banks - Regional
Industry: Banks - Regional
Community Heritage Financial, Inc.
OTC:CMHFFinancial Services · Banks - Regional
+0.00%$41.90
Mkt Cap$123.53M
Float2.16M
O/S2.95M
Inst Own-
Div Yield0.76%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$60.49M
Net Income$8.65M
Total Assets$1.13B
Free Cash Flow$11.04M
Debt & Equity
Debt 38%
Equity 62%
Total Debt$55.23M
Total Equity$88.85M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CMHF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.13B
Liabilities$1.04B
Accounts Receivable$3.4M
Accounts Payable$0
Inventory$0
PP&E (Net)$11.44M
Goodwill$1.66M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $60.49M | $57.3M | $30.13M | $36.23M | $34.09M | $32.43M | $24.93M | $17.48M | $12.94M | $9.2M | $7.08M | $6.58M |
| YoY Growth | 5.6% | 90.2% | -16.8% | 6.3% | 5.1% | 30.1% | 42.7% | 35.1% | 40.5% | 30.0% | 7.7% | - |
| Cost of Revenue | $21.91M | $23.02M | -$16.62M | $4.91M | $2.92M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $38.58M | $33.63M | $46.75M | $30.57M | $30.8M | $32.43M | $24.93M | $17.48M | $12.94M | $9.2M | $7.08M | $6.58M |
| Gross Margin | 63.8% | 58.7% | 155.2% | 84.4% | 90.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $18.12M | $1.48M | $1.23M | $987K | $1.01M | $1.02M | $821K | $9.51M | $7.01M | $6.34M | $5.19M | $4.75M |
| Other | $8.88M | $23.32M | $21.83M | $20.53M | $21.58M | $15.87M | $3.34M | -$3.07M | -$2.59M | $0 | $0 | $0 |
| Total Operating Expenses | $27M | $24.81M | $23.06M | $21.51M | $22.59M | $16.89M | $4.16M | $3.07M | $2.59M | $7.93M | $6.65M | $5.91M |
| Operating Income (EBIT) | $11.58M | $8.83M | $5.68M | $9.25M | $8.21M | $5.71M | $3.73M | $2.76M | $2.56M | $1.74M | $924K | $873K |
| Operating Margin | 19.1% | 15.4% | 18.9% | 25.5% | 24.1% | 17.6% | 15.0% | 15.8% | 19.8% | 18.9% | 13.1% | 13.3% |
| Interest Expense | $20.43M | $23.02M | $17.39M | $4.91M | $2.92M | $4.52M | $4.49M | $27K | $8K | $0 | $0 | $0 |
| Interest Income | $56.48M | $53.71M | $43.51M | $32.37M | $27.1M | $24.16M | $21.09M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | -$3.06M | -$2.63M | $65K | $19K | $500 | -$175K | -$95K | -$96K | -$462K | -$489K | -$202K |
| Income Before Tax (EBT) | $11.58M | $8.83M | $5.68M | $9.32M | $8.21M | $5.71M | $3.56M | $2.67M | $2.46M | $1.28M | $435K | $671K |
| Income Tax Expense | $2.93M | $2.2M | $1.39M | $2.46M | $2.19M | $1.58M | $928K | $702K | $1.25M | $383K | $69K | $174K |
| Net Income | $8.65M | $6.63M | $4.3M | $6.86M | $6.02M | $4.13M | $2.63M | $1.97M | $1.22M | $893K | $366K | $497K |
| Net Income Margin | 14.3% | 11.6% | 14.3% | 18.9% | 17.6% | 12.7% | 10.6% | 11.3% | 9.4% | 9.7% | 5.2% | 7.6% |
| Supplementary Data | ||||||||||||
| EPS | 2.96 | 2.27 | 1.48 | 2.85 | 2.67 | 1.83 | 1.17 | 0.88 | 0.82 | 0.69 | 0.28 | 0.46 |
| Diluted EPS | 2.93 | 2.27 | 1.48 | 2.84 | 2.67 | 1.83 | 1.17 | 0.88 | 0.82 | 0.69 | 0.28 | 0.46 |
| Weighted Average OS | 2.93M | 2.92M | 2.91M | 2.41M | 2.25M | 2.25M | 2.25M | 2.23M | 1.48M | 1.29M | 1.29M | 1.09M |
| EBITDA | $12.86M | $10.17M | $7.12M | $10.65M | $9.47M | $6.9M | -$440K | $3.17M | $2.9M | $0 | $0 | $0 |
| EBITDA Margin | 21.3% | 17.8% | 23.6% | 29.4% | 27.8% | 21.3% | -1.8% | 18.1% | 22.4% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $30.71M | $16.51M | $16.66M | $15.39M | $41.26M | $28.79M | $25.07M | $18.55M | $20.05M | $15.62M | $16.11M | $16.43M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $30.71M | $16.51M | $16.66M | $15.39M | $41.26M | $28.79M | $25.07M | $18.55M | $20.05M | $15.62M | $16.11M | $16.43M |
| Accounts Receivable | $3.4M | $3.15M | $2.97M | $2.62M | $1.97M | $2.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | -$18.01M | -$43.23M | $0 | -$26.3M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | -$2.97M | $18.01M | $43.23M | $0 | $27.56M | $19.79M | $21.06M | $0 | $0 | $0 |
| Total Current Assets | $34.1M | $19.66M | $16.66M | $18.01M | $43.23M | $30.98M | $26.33M | $19.79M | $21.06M | $15.62M | $16.11M | $16.43M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $11.44M | $7.6M | $8.71M | $9.9M | $9.07M | $9.07M | $9.92M | $6.29M | $5.61M | $4.86M | $4.92M | $4.31M |
| Goodwill | $1.66M | $1.66M | $1.66M | $1.66M | $1.66M | $1.66M | $1.66M | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $695 | $9K | $17K | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.07B | $844.42M | $3.01M | $5.13M | $5.76M | $13.09M | $4.17M | $325K | $494K | $0 | $0 | $0 |
| Deferred Tax Assets | $7M | $6.28M | $4.77M | $7.24M | $3.56M | $3.48M | $2.57M | $1.73M | $1.42M | $0 | $0 | $0 |
| Other Long-Term Assets | $10.04M | $140.76M | $958.58M | $890.16M | $756.05M | $631.29M | $473.9M | $5.98M | $5.39M | $262.43M | $217.05M | $154.6M |
| Total Long-Term Assets | $1.1B | $1B | $971.96M | $914.08M | $776.1M | $658.6M | $492.23M | $416.36M | $340.56M | $267.29M | $221.97M | $158.91M |
| Other Assets | $0 | $0 | $1.94M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.13B | $1.02B | $990.57M | $932.09M | $819.33M | $689.58M | $518.56M | $436.14M | $361.62M | $282.9M | $238.09M | $175.34M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $0 | $485K | $459K | $237K | $190K | $215K | $280K | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $678K | $478K | $554K | $543K | $491K | $505K | $510K | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$237K | -$190K | -$215K | -$280K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $816.63M | $736.75M | $702.24M | $568.59M | -$289K | $297.83M | $244.23M | $208.45M | $0 | $0 | $0 |
| Total Current Liabilities | $678K | $817.59M | $737.77M | $703.02M | $569.27M | $215K | $298.34M | $244.23M | $208.45M | $22K | $17K | $3K |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $45.05M | $27.04M | $29.93M | $14.84M | $16.64M | $14.66M | $14.86M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $141.35M | $139.32M | $169.78M | $0 | $151.51M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.55M | $1.72M | $1.94M | $1.96M | $1.42M | $0 | $1.59M | $486K | $393K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $990.09M | $3.83M | $741.81M | $3.44M | $3.38M | $618.13M | $0 | $146.48M | $109.38M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $1.04B | $32.86M | $916.94M | $161.93M | $193.1M | $635.01M | $171.59M | $146.97M | $109.78M | $0 | $0 | $0 |
| Other Liabilities | $0 | $125.48M | -$737.31M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.04B | $943.07M | $917.4M | $864.95M | $762.37M | $636.62M | $469.92M | $391.2M | $318.23M | $22K | $17K | $3K |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $29K | $29K | $29K | $29K | $23K | $23K | $23K | $22K | $2.23M | $1.29M | $1.29M | $1.09M |
| Retained Earnings | $52.31M | $44.6M | $38.67M | $35.76M | $29.29M | $23.63M | $19.87M | $17.51M | $15.74M | $14.56M | $13.77M | $13.51M |
| Comprehensive Income & Other | -$5.14M | -$6.93M | -$8.56M | -$9.51M | -$893K | $782K | $223K | -$722K | -$512K | $9.28M | $9.63M | $8.15M |
| Other Stockholders' Equity | $36.51M | $34.4M | $32.53M | $31.35M | $27.64M | $29.3M | $28.75M | $27.42M | $25.42M | $9.28M | $9.63M | $8.15M |
| Total Equity | $88.85M | $79.03M | $71.23M | $67.14M | $56.95M | $52.96M | $48.63M | $44.94M | $43.39M | $25.12M | $24.68M | $22.75M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.13B | $1.02B | $988.63M | $932.09M | $819.33M | $689.58M | $518.56M | $436.14M | $361.62M | $25.15M | $24.7M | $22.76M |
| Supplementary Data | ||||||||||||
| Total Debt | $55.23M | $29.03M | $35.38M | $17.75M | $19.01M | $25.94M | $18M | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $19.43M | $29.03M | $13.27M | $2.36M | -$22.25M | -$2.85M | -$7.07M | -$18.55M | -$20.05M | -$15.62M | -$16.11M | -$16.43M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | $8.65M | $6.63M | $4.3M | $6.86M | $6.02M | $4.13M | $566K | $1.97M | $1.22M | $893K | $366K | $497K |
| Depreciation & Amortization | $1.28M | $1.35M | $1.44M | $1.33M | $1.26M | $1.19M | $668K | $498K | $434K | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $134K | $551K | -$1.31M | -$92K | -$142K | $278K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $278K | $177K | $14K | $0 | $126K | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | $0 | -$180K | -$356K | -$646K | $228K | -$967K | -$77K | -$315K | -$206K | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $101K | $430K | -$456K | -$51K | -$4.34M | $1.21M | $556K | $60K | $65K | $0 | $0 | $0 |
| Total Working Capital Change | $101K | $250K | -$813K | -$697K | -$4.11M | $247K | $479K | -$541K | -$273K | $0 | $0 | $0 |
| Other Non-Cash Items | $2.67M | -$2.2M | $3.3M | $2.09M | $10.65M | -$5.98M | $601K | $2.03M | $1.6M | -$893K | -$366K | -$497K |
| Net Cash from Operating | $12.7M | $6.03M | $8.5M | $9.89M | $14.38M | -$1.73M | $2.35M | $2.81M | $2.39M | $0 | $0 | $0 |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$1.82M | -$468K | -$334K | -$1.48M | -$2.24M | -$490K | -$1.33M | -$1.17M | -$1.01M | $0 | $0 | $0 |
| Acquisitions | $32K | $17K | $22K | $103K | $57K | $0 | -$925K | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$22.46M | -$9.45M | -$4.03M | -$20.04M | -$102.48M | -$77.2M | -$7.98M | -$10.19M | -$12.91M | $0 | $0 | $0 |
| Sales of Investments | $16.14M | $15.91M | $8.23M | $11.01M | $28.13M | $52.08M | $14.36M | $9.08M | $11.46M | $0 | $0 | $0 |
| Other Investing Activities | -$84.12M | -$34.47M | -$65.61M | -$138M | -$55.47M | -$129.71M | -$71.79M | -$75.56M | -$74.61M | $0 | $0 | $0 |
| Net Cash from Investing | -$92.23M | -$28.46M | -$61.72M | -$148.41M | -$132M | -$155.32M | -$67.67M | -$76.73M | -$74.82M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||
| Debt Repaid | -$18M | $5.96M | -$18M | $1.89M | $6.67M | -$8.27M | -$13.95M | - | $5M | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $12.19M | $0 | $0 | $0 | $0 | $17.04M | $0 | $0 | $0 |
| Common Stock Repurchases | -$133K | -$60K | -$43K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$937K | -$700K | -$698K | -$386K | -$360K | -$360K | -$270K | -$201K | -$123K | $0 | $0 | $0 |
| Other Financing Activities | $76.8M | $29M | $37.24M | $102.75M | $137.13M | $152.85M | $58.16M | $72.61M | $64.95M | $0 | $0 | $0 |
| Net Cash from Financing | $93.73M | $22.28M | $54.5M | $112.66M | $130.09M | $160.76M | $71.84M | $72.41M | $76.87M | $0 | $0 | $0 |
| Forex Effect | -$14.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | -$154K | $1.27M | -$25.86M | $12.47M | $3.72M | $6.52M | -$1.51M | $4.43M | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $12.7M | $6.03M | $8.5M | $9.89M | $14.38M | -$1.73M | $2.35M | $2.81M | $2.39M | $0 | $0 | $0 |
| Capital Expenditure | -$1.66M | -$310K | -$334K | -$1.48M | -$2.24M | -$490K | -$1.33M | -$1.17M | -$1.01M | $0 | $0 | $0 |
| Free Cash Flow | $11.04M | $5.72M | $8.17M | $8.4M | $12.14M | -$2.22M | $1.02M | $1.64M | $1.38M | $0 | $0 | $0 |
| Cash at Beginning | $0 | $16.66M | $15.39M | $41.26M | $28.79M | $25.07M | $18.55M | $20.05M | $15.62M | $0 | $0 | $0 |
| Cash at End | $0 | $16.51M | $16.66M | $15.39M | $41.26M | $28.79M | $25.07M | $18.55M | $20.05M | $0 | $0 | $0 |