2022 Journal of Case Studies

SECOND PLACE: Mansfield University of Pennsylvania

Asset Growth In 2018, C&N’s total assets were approximately $1.2 billion. However, since 2019, C&N’s total assets have surged from $1.28 billion to $2.3 billion. The year-over-year (YOY) growth of total assets was 28% in 2019 and 36% in 2020 as a result of the acquisition of Monument. After the acquisition, growth in assets returned to

was passed in May 2020. PPP loans were given to small businesses to assist with payroll and other fixed costs. These loans were ultimately forgiven by the Small Business Administration. Across the United States, nearly $800 billion was loaned to small businesses; C&N loaned roughly $243 million (Autor et al.). This was extremely helpful to the loan portfolio, as standard commercial loan demand was low.

Table 2: C&N Loan Portfolio Breakdown and Year-over-Year (YOY) Growth

2017 ($ in 000s)

2018 2018 ($ in 000s)

2019 2019 ($ in 000s)

2020 2020 ($ in 000s)

2021 2021 ($ in 000s)

636,812 1.43% 645,918 49.47% 965,450 30.86% 1,263,345 -0.08% 1,262,363

Real Estate Loans

88,276 4.06% 91,856 37.58% 126,374 130.94% 291,846 -36.50% 185,335

Commercial Loans

14,939 14.67% 17,130 -2.27% 16,741 -2.72% 16,286 5.19% 17,132

Individual Loans

6,178 -8.40% 5,659 -23.68% 4,319 -26.74% 3,164 -22.69% 2,446

Agricultural Loans

70,273 -4.35% 67,213 4.30% 70,105 0.58% 70,510 40.35% 98,961

Other Loans & Leases

Source: UBPR Call Reports, C&N. PGAR, PG4.

Figure 4: Loan Portfolio Breakdown C&N vs PG4

Real Estate Loans

Commercial & Industrial Loans

Agricultural Loans

Loans to Individuals

50.0% 55.0% 60.0% 65.0% 70.0% 75.0% 80.0% 85.0% 90.0% 95.0% 100.0%

2017 2017 (PG4)

2018 2018 (PG4)

2019 2019 (PG4)

2020 2020 (PG4)

2021 2021 (PG4)

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