Community Heritage Financial, Inc. · OTC:CMHF
Community Heritage Financial — Q1 2026 Earnings Presentation
31 slides from Community Heritage Financial's earnings presentation, 2026
Slide 1: Community Heritage Financial Investor Presentation First Quarter 2026
OTC ID: CMHF Community Heritage Financial Investor Presentation First Quarter 2026 1
Slide 2: Confidentiality Notice and Safe Harbor Statement
Confidentiality Notice and Safe Harbor Statement This presentation contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can
Slide 3: A Brief History
A Brief History Middletown Valley Bank (“MVB” or the “Bank”) is a 118-year-old Maryland state charted bank that offers commercial and retail banking services in the Maryland counties of Washington & Frederick, as well as Franklin County, PA. The Bank conducted a customer-facing technology assessment
Slide 4: Board of Directors
Board of Directors Name Field of Expertise CHF MVB Mlend Robert “BJ” E. Goetz Banking X X X2 James G. Pierne, Chairman Retired, Banking X1 X1 X1 Todd M. Snook, Vice Chairman Real Estate & Self-Storage X2 X2 John T. Routzahn III Insurance X X Frankie Corsi, III Accounting & Manufacturing X X A. Denni
Slide 5: Experienced Leadership Team
Experienced Leadership Team Joined Name Title Experience Expertise & Disciplines Prior Experience CHF Robert E. Goetz Jr. President & CEO | Director 28 years 2012 Commercial | Retail Banking Susquehanna Bank Brenda McComas EVP – Chief Risk Officer 33 years 2017 Bank & Mortgage Operations Susquehanna
Slide 6: Executive Summary
Executive Summary ey
Slide 7: Culture is the Priority
Culture is the Priority Pee oD ADVANCING FINANCIAL JOURNEYS One conversation | One connection | One community at a time
Slide 8: Absolutely Exceptional Experiences
Absolutely Exceptional Experiences Core Values Ongoing Leadership Development Training Record-Breaking Volunteerism & Community Support Growth & Development Wellness & Employee Enrichment Committee Bi-Annual Employee Engagement Assessment Low Attrition Rates 8
Slide 9: Working for Our Communities in 2025
Working for Our Communities in 2025 Supported over Employees gave Over 90% of our 224 non-profit over 3,350 hours team members organizations & to local non-profit donated their families organizations time and talents Funded over $2.65 million in community development loans 9
Slide 10: Awards & Recognition
MVB Voted Top 3 Hottest Bank 9 Years in a Row Awards & Recognition MVB Voted Top 3 Best Bank 6 Years in a Row 10
Slide 11: Capital
Capital 11
Slide 12: Capital Structure and Ownership
Capital Structure and Ownership • Common Stock • OTCID: CMHF • Shares outstanding – 2,945,928 • Subordinated Debt • Issued private placement of 10-year subordinated notes totaling $12.1 million in October 2024 • Rate structure: fixed at 6.75% through October 2029 then floating at SOFR plus 3.00% unt
Slide 13: Performance – per Common Share
Performance – per Common Share Net Book Value Per Share Diluted Earnings Per Share $32.00 $31.07 $3.50 $3.27 $30.30 $30.00 $2.84 $2.93 $30.51 $3.00 $2.67 $29.73 $2.50 $2.27 $28.00 $27.07 $2.00 $26.00 $25.30 $1.48 $26.50 $1.50 $24.46 $0.97 $1.00 $24.00 $23.10 $24.56 $23.90 $0.50 $22.00 $22.53 $- 2021
Slide 14: Common Stock Performance
Common Stock Performance Common Stock Price Stock price $ 33.00 Market cap $ 94,215,624 Tangible book value $ 30.51 Trailing 4 quarters diluted EPS $ 3.27 Price to TBV 108.2% Price multiple to TTM EPS 10.1 3-month average daily trading volume 100 14
Slide 15: Market Overview
Market Overview 15
Slide 16: Market Overview
Market Overview Frederick County, MD • Deposits - $398.5 million in 4 branches. The Market St. Branch in Downtown Frederick opened in October 2024 and has $20 million in deposits as of 6/30/25. • Population – 280,300 with growth expectation of 5.1% vs 2.7% for the State.* • Median household income -
Slide 17: Branch Network
Branch Network Mercersburg Geltysburg Meyersdale pe a “ Greencastle L Hanover, Qo (Wa @ S2\ Uiaaoim Be nGiontovile < Hancock Emmitsburg Frostburg cumberland o cathe J 03, Taneytown Springs Thurmont eon wee Westminster MeHlenry ‘ & f Paw Paw oO (==) 2a) eed, 9p OPED wWilkere babes Keyser Co 3@MVB Q O
Slide 18: Banking Locations & Deposit Info (Bank level)
Banking Locations & Deposit Info (Bank level) ($s in thousands) Location 6/30/2020 6/30/2025 Middletown Branch Middletown $175,443 $209,376 Jefferson Branch Branch(s) Jefferson Myersville Branch $63,767 $99,461 Branch Myersville Boonsboro Branch $46,271 $69,836 Branch Eastern Blvd. Branch Boonsboro
Slide 19: Deposit Market Share
Deposit Market Share Frederick County, MD 2025 2024 Total Total $$ YOY Total Total Deposits Market Variance Deposits Market Rank Institution ($000s) Share (%) ($000s) Locations ($000s) Share (%) 1 PNC Bank, National Association 1,701,349 26.67% 34,156 11 1,667,193 25.6% 2 Truist Bank 1,032,491 16.18
Slide 20: Financial Review
Financial Review Ticker: CMHF 20
Slide 21: Balance Sheet
Balance Sheet ($ in thousands) Total Assets Loan Totals & Mix Deposit Totals & Mix $1,250,000 $ 1,153,357 $1,000,000 $930,855 $947,934 $1,200,000 $1,129,080 $1,020,380 $847,594 $812,933 $984,804 $996,800 $988,628 $1,000,000 $1,000,000 $930,132 $748,451 $908,007 $750,000 $879,007 $817,910 $841,826 $6
Slide 22: Loan Composition and Concentration
Loan Composition and Concentration ($ in thousands) March 31, 2026 Multifamily Consumer + Other Percent Farmland 3% <1% 3% Loan Type Balance Total Loans Contruction & Land Loan Composition Owner Occupied CRE $ 152,111 16.05% Development Owner Occupied C&I 145,316 15.33% 9% CRE Total C&I 297,427 31.3
Slide 23: Asset Quality
Asset Quality Allowance for Credit Losses NPAs/Total Assets and Total Loans Net Charge Offs/Loans 1.40% 0.40% 0.80% 0.34% 0.70% 0.35% 0.70% 1.30% 0.30% 0.60% 1.20% 0.25% 0.23% 0.22% 0.50% 0.22% 0.26% 1.10% 1.06% 1.06% 0.20% 0.18% 0.40% 1.02% 0.15% 0.19% 0.18% 0.18% 0.13% 0.98% 0.98% 0.30% 1.00% 0.95
Slide 24: Investment Portfolio
Investment Portfolio ($ in thousands) March 31, 2026 Available-for-Sale Book Market Percent Total Unrealized Sub-debt Agency (at Market Value) Value Value Investments Gain (Loss) 8% 5% Corporate Agency (fixed) $ 5,275 $ 5,013 3.65% $ (262) 7% Corporate (fixed) 1,500 1,500 1.09% - Corporate (floating
Slide 25: Q2 Investment Portfolio Restructure
Q2 Investment Portfolio Restructure • Sold $73.3 million of securities AFS and HTM at weighted average yield of 2.73% • Estimated after-tax loss of $3.9 million1 • EPS estimated impact - $1.33 • Capital estimated impact2 - $4.8 million • TBV estimated impact2 - $1.64 • Bank regulatory capital impact
Slide 26: Deposit Information
Deposit Information ($ in thousands) March 31, 2026 Percent Deposit Type Balance Total Deposits Time Noninterest- Deposits Noninterest-bearing Demand $ 272,084 27.30% Bearing 18% Interest-bearing Demand 197,158 19.78% Demand Savings 75,286 7.55% 27% Money Market 271,792 27.26% Time Deposits 180,480
Slide 27: Financial Performance
Financial Performance ($ in thousands) Net Income Net Interest Income Net Interest Margin $10,000 $40,000 4.00% $36,047 $8,653 3.75% 3.62% $8,000 $30,688 $30,000 $27,459 3.50% 3.42% $6,856 $6,628 $26,119 3.32% $6,015 $24,174 3.21% 3.25% $6,000 $20,000 3.00% 2.92% $4,295 2.76% $4,000 2.75% $2,852 $10
Slide 28: Financial Performance
Financial Performance ($ in thousands) Noninterest Income Noninterest Expense $8,000 $30,000 $7,010 $26,998 $24,448 $24,845 $25,000 $6,000 $21,257 $19,899 $20,000 $3,929 $4,015 $4,000 $3,590 $15,000 $3,263 $10,000 $7,072 $2,000 $831 $5,000 $- $- 2021 2022 2023 2024 2025 Q1 2026 2021 2022 2023 2024 2
Slide 29: Financial Performance
Financial Performance Efficiency Ratio Noninterest Expense as % of Avg. Assets 85.00% 3.00% 83.21% 80.00% 2.80% 75.00% 2.66% 72.48% 2.60% 2.52% 70.00% 67.72% 67.39% 2.51% 2.51% 65.23% 2.43% 63.81% 65.00% 2.40% 2.31% 60.00% 2.20% 55.00% 50.00% 2.00% 2021 2022 2023 2024 2025 Q1 2026 2021 2022 2023 202
Slide 30: Financial Performance
Financial Performance Return on Average Equity Return on Average Assets Total Risk-Based Capital* 14.00% 1.10% 18.00% 12.71% 1.02% 11.99% 1.00% 12.00% 16.00% 10.86% 0.90% 10.25% 0.80% 0.80% 14.00% 13.33% 13.10% 13.24% 13.14% 13.16% 0.78% 12.58% 10.00% 0.80% 8.81% 12.00% 0.70% 0.62% 8.00% 10.00% 0.60
Slide 31: For more information, please visit our Investor Relations page
For more information, please visit our Investor Relations page at: https://www.communityheritageinc.com/corporate-overview/corporate-profile/default.aspx To sign up for e-mail alerts, go to: https://www.communityheritageinc.com/other-information/email-notification/default.aspx 31
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