Muncy Columbia Financial Declares $1.00 Special Dividend
Muncy Columbia Financial Corporation, a Pennsylvania-based bank holding company, declared a special one-time cash dividend of $1.00 per share on February 18, 2026. The payment brings total dividends for the first quarter 2026 to $1.46 per share.
Muncy Columbia Financial Corporation, a registered financial holding company operating through its subsidiary Journey Bank in central Pennsylvania, declared a special one-time cash dividend of $1.00 per share on February 18, 2026. The dividend will be paid on April 23, 2026, to shareholders of record as of April 8, 2026. Read more dividend announcements.
The special dividend pushed total cash dividends for the first quarter 2026 to $1.46 per share, up sharply from $0.45 per share declared in the same period of 2025. The company did not disclose the rationale for the special distribution.
| Dividend Details | Information |
|---|---|
| Dividend Amount | $1.00 per share |
| Dividend Type | Special one-time cash dividend |
| Record Date | April 8, 2026 |
| Payment Date | April 23, 2026 |
Financial Position
Total assets reached $1.72 billion at March 31, 2026, up from $1.67 billion at December 31, 2025. The increase was driven by growth in cash and cash equivalents of $11.9 million, available-for-sale debt securities of $27.9 million, and loans receivable of $3.9 million.
Total deposits increased $40.8 million during the first quarter 2026, representing what the company described as strong organic deposit growth. Total liabilities stood at $1.53 billion at March 31, 2026, compared to $1.48 billion at year-end 2025.
Book value per share was $54.29 at March 31, 2026, down slightly from $54.44 at December 31, 2025. The company's equity to assets ratio was 11.18% at quarter-end, down from 11.51% at the end of 2025.
Asset Quality
Non-performing assets totaled $9.4 million, or 0.55% of total assets, at March 31, 2026, down from $12.0 million, or 0.72% of total assets, at December 31, 2025. The improvement was primarily due to a decrease in non-accrual loans from $11.5 million to $9.1 million, largely driven by a loan sale during the quarter.
Operating Expenses
Non-interest expense for the first quarter 2026 totaled $5.3 million, down $987,000 from $6.3 million in the first quarter 2025. The company recorded one-time pretax expenses totaling $1.3 million in conjunction with the retirement of its Executive Chairman during the first quarter 2025.
The year-over-year decrease was partially offset by health insurance expenses of $165,000 higher in the first quarter 2026 and ongoing salary and wage increases. Professional fees increased $196,000, while automated teller machine and interchange expenses decreased $102,000.
Muncy Columbia Financial Corporation is headquartered in Bloomsburg, Pennsylvania, and operates Journey Bank with 22 banking offices across seven counties in central Pennsylvania.