Community Heritage Financial, Inc. · OTC:CMHF
Community Heritage Financial — Q4 2025 Earnings Presentation
28 slides from Community Heritage Financial's earnings presentation, 2025
Slide 1: Community Heritage Financial Investor Presentation Fourth Quarter 2025
OTC PK: CMHF Community Heritage Financial Investor Presentation Fourth Quarter 2025 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 J. Michael Hill EVP - Chief Risk Officer 37 years 1994 Risk | Finance | Operations Citi & Ta
Slide 6: Executive Summary
Community ( H F Heritage Financial, Inc. Executive Summary ey
Slide 7: Culture Is the Priority
; . . Communi Culture Is the Priority CHF aa ® 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 3,295 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: Market Overview
Market Overview 11
Slide 12: 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 $20 million in deposits as of 6/30/25. • Population – 280,300 with growth expectation of 5.1% vs 2.7% for the State.* • Median household income -
Slide 13: Branch Network
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Slide 14: Banking Locations & Deposit Info (Bank level)
Banking Locations & Deposit Info (Bank level) ($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 15: 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 ($000s) Share (%) 1 PNC Bank, National Association 1,701,349 26.67% 34,156 11 1,667,193 25.6% 2 Truist Bank 1,032,491 16.18
Slide 16: Financial Review
Financial Review 16
Slide 17: Balance Sheet
Balance Sheet ($ in thousands) Total Assets Loan Totals & Mix Deposit Totals & Mix $1,200,000 $1,128,898 $1,000,000 $930,855 $1,100,000 $984,804 $1,020,380 $900,000 $847,594 $1,000,000 $988,628 $812,933 $908,077 $1,000,000 $930,132 $879,007 $800,000 $748,451 $900,000 $841,826 $817,910 $800,000 $700,
Slide 18: Asset Quality
Asset Quality Allowance for Credit Losses NPAs/Total Assets and NPAs/Total Loans Net Charge Offs/Loans 1.40% 0.40% 0.80% 0.34% 0.70% 0.35% 0.70% 1.30% 1.34% 0.30% 0.60% 1.20% 0.23% 0.22% 0.25% 0.22% 0.50% 0.18% 0.26% 1.10% 0.20% 0.18% 0.40% 0.19% 0.18% 1.06% 1.06% 0.15% 0.18% 0.30% 1.00% 0.15% 0.15%
Slide 19: Loan Composition and Concentration
Loan Composition and Concentration ($ in thousands) December 31, 2025 Percent Multifamily Consumer + Other Loan Type Balance Total Loans Loan Composition Farmland 3% <1% 3% Contruction & Land Owner Occupied CRE $ 147,007 15.79% Owner Occupied Development C&I 139,246 14.96% 9% CRE Total C&I 286,253 3
Slide 20: Investment Portfolio
Investment Portfolio ($ in thousands) December 31, 2025 Available-for-Sale Book Market Percent Total Unrealized (at Market Value) Value Value Investments Gain (Loss) Agency (fixed) $ 5,360 $ 5,112 3.65% $ (248) Sub-debt Agency Corporate (floating) 1,865 1,938 1.38% 73 7% 5% Corporate 6% MBS / CMO (f
Slide 21: Deposit Information
Deposit Information ($ in thousands) December 31, 2025 Percent Time Noninterest- Deposit Type Balance Total Deposits Deposits Bearing 19% Demand Noninterest-bearing Demand $ 257,415 26.14% 26% Interest-bearing Demand $ 209,646 21.29% Savings $ 71,860 7.30% Money Market Interest- Money Market $ 262,6
Slide 22: Uninsured Deposits
Uninsured Deposits ($ in thousands) Savings 1.1% December 31, 2025 Uninsured Percent Deposit Type Amount Total Deposits Time Deposit Checking $ 137,656 13.98% 6.1% Money Market 51,386 5.22% Time Deposits 59,560 6.05% Checking Savings 10,319 1.05% 14.0% Money Market Total $ 258,921 26.29% 5.2% COMMEN
Slide 23: Financial Performance
Financial Performance ($ in thousands) Net Income Net Interest Income Net Interest Margin $10,000 $40,000 4.00% $8,653 $36,047 3.56% $9,000 3.42% $35,000 3.50% 3.32% 3.16% 3.21% $8,000 $30,688 2.92% $6,856 $30,000 $27,459 3.00% 2.76% $7,000 $6,628 $26,119 $6,015 $24,174 $6,000 $25,000 2.50% $19,641
Slide 24: Financial Performance
Financial Performance ($ in thousands) Non-Interest Income Non-Interest Expense $10,000 $30,000 $26,998 $9,000 $24,845 $8,265 $24,448 $25,000 $8,000 $7,010 $21,257 $7,000 $19,899 $20,000 $18,946 $6,000 $5,000 $15,000 $3,929 $4,015 $4,000 $3,590 $3,263 $10,000 $3,000 $2,000 $5,000 $1,000 $- $- 2020 2
Slide 25: Financial Performance
Financial Performance Efficiency Ratio Non-Interest Expense as % of Avg. Assets 85.00% 3.50% 83.21% 80.00% 2.96% 3.00% 75.00% 2.66% 72.48% 2.52% 2.50% 2.43% 2.51% 70.00% 67.89% 67.72% 67.39% 2.31% 65.00% 2.00% 63.81% 60.00% 1.50% 55.00% 50.00% 1.00% 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023
Slide 26: Financial Performance
Financial Performance Return on Average Equity Return on Average Assets Total Risk-Based Capital* 14.00% 0.90% 18.00% 0.80% 0.78% 0.80% 11.99% 0.80% 16.00% 12.00% 10.86% 10.25% 0.70% 14.00% 13.33% 13.10% 13.23% 13.14% 0.64% 0.62% 12.58% 10.00% 8.81% 0.60% 12.00% 8.08% 8.00% 0.50% 10.00% 9.11% 0.44%
Slide 27: Financial Performance
Financial Performance Net Book Value Per Share Diluted Earnings Per Share $32.00 $3.50 $30.30 $2.93 $3.00 $2.84 $30.00 $2.67 $29.73 $2.50 $2.27 $28.00 $27.07 $2.00 $1.83 $26.00 $25.30 $26.50 $1.48 $24.46 $1.50 $24.00 $23.52 $24.56 $23.10 $23.90 $1.00 $22.00 $22.79 $22.53 $0.50 $20.00 $- 2020 2021 20
Slide 28: Thank You.
Thank You. 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 28
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