CB Financial Services(CBFV) - 2023 Q2 - Quarterly Report

Table of Contents Table of Contents Noninterest Expense. Noninterest expense increased $1.5 million, or 8.6%, to $18.5 million for the six months ended June 30, 2023 compared to $17.1 million for the six months ended June 30, 2022. Salaries and benefits increased $1.2 million primarily due to revenue producing staffing additions, recruiting costs and severance related to the discontinuation of indirect automobile lending. Data processing expense increased $644,000 due to increased ongoing costs related to t ...