LINKBANCORP, Inc. is a community-focused bank holding company operating primarily through its subsidiary LINKBANK, serving retail, small business, and nonprofit customers across multiple Mid-Atlantic states.

# Company Summary – LINKBANCORP, Inc.

## Overview
- **Type:** Bank holding company
- **Incorporated:** April 6, 2018, Pennsylvania
- **Primary Subsidiary:** LINKBANK, a Pennsylvania-chartered commercial bank
- **Regulators:** Pennsylvania Department of Banking and Securities (PADOBS) and FDIC
- **Public Trading:** Listed on Nasdaq Capital Market under ticker **LNKB**
- **Website:** ir.linkbancorp.com

## Core Business
- Operates exclusively through its subsidiary, LINKBANK
- Provides **full-service community banking** focusing on:
  - Personal and business lending services
  - Deposit gathering and cash management solutions
  - Digital banking services (online and mobile banking)
- Serves:
  - Individuals
  - Families
  - Nonprofits
  - Small to medium-sized businesses

## Customer Base & Locations
- **Customers:** Unspecified number of retail, small business, and nonprofit clients
- **Branches & Offices (as of December 31, 2024):**
  - **Pennsylvania:** 8 solutions centers, 2 loan production offices
  - **Maryland:** 8 solutions centers, 1 loan production office
  - **Delaware:** 4 solutions centers, 1 loan production office
  - **New Jersey:** 3 solutions centers
  - **Virginia:** 3 solutions centers and 1 in Fredericksburg
- **Total Employee Count (as of December 31, 2024):** 327 employees (298 full-time + 29 part-time)
- **Assets:** Approximately **$2.88 billion**
- **Loans:** Approximately **$2.26 billion**
- **Deposits:** Approximately **$2.36 billion**
- **Shareholders’ Equity:** Approximately **$280.2 million**
- **Number of shareholders (as of March 24, 2025):** About **37.4 million shares outstanding**

## Revenue & Income
- Exact total revenue not specified, but sources include:
  - **Interest income:** From loans and investment securities
  - **Non-interest income:** Service charges, bank-owned life insurance earnings, mortgage loan sale gains, and securities gains
- **Net income (2024):** Approximately **$26.2 million** (increase from a net loss of $12.0 million in 2023)
- **Dividend Payments:** $0.075 per share quarterly (total $11.1 million paid in 2024)

## Business Strategy
- Focus on **community banking**—building strong relationships to provide value
- Aims to grow market share through:
  - Technology leveraging
  - Expanding branch network
  - Strategic acquisitions
- Emphasizes **core deposit and loan growth**, maintaining high credit quality
- Invests in developing future leaders and supporting community initiatives through The LINK Foundation

## Recent Key Events
- **Initial Public Offering (2022):** Raised ~$34.7 million; began trading on Nasdaq
- **Mergers & Acquisitions:**
  - Merger with **GNB Financial Services, Inc. (2021)**
  - Merger with **Partners Bancorp (2023)**
- **Loan & Deposit Growth (2024):**
  - Deposits increased by 7.36% to $2.36 billion
  - Loans increased by 5.99% to $2.26 billion
- **Upcoming Transaction:**
  - Anticipated sale of New Jersey branches to American Heritage Federal Credit Union (expected March 31, 2025)

**In summary**, LINKBANCORP functions as a community-oriented bank holding company, operating LINKBANK with a focus on small business and retail banking in multiple Mid-Atlantic states, engaging in strategic mergers and growth initiatives, and maintaining a strong asset and deposit base with a concentrated focus on high-quality lending.

LINKBANCORP, Inc. is a bank holding company based in Pennsylvania that offers a comprehensive range of banking services through its subsidiary LINKBANK, emphasizing community banking and strategic growth through acquisitions.

# Company Overview: LINKBANCORP, Inc.

### Business Structure
LINKBANCORP, Inc. is a bank holding company incorporated in Pennsylvania on April 6, 2018. It became a bank holding company after acquiring Stonebridge Bank in October 2018, which was later renamed LINKBANK. The company operates primarily through its wholly owned subsidiary, LINKBANK, which provides a full range of banking services.

### Services Offered
LINKBANK is a full-service commercial bank that offers:
- **Personal and Business Banking**: The bank provides deposit services, including checking and savings accounts, money market accounts, and certificates of deposit.
- **Lending Services**: Offers personal loans, business loans, agricultural loans, residential mortgages, and commercial real estate loans. It focuses on small- and medium-sized businesses, with approximately 67% of its loan portfolio attributed to various commercial loan types and 33% to residential loans.
- **Cash Management Services**: Includes services designed for small businesses and nonprofit organizations with a focus on community banking.
- **Mortgages**: Operates a 51% ownership stake in Johnson Mortgage Company LLC, providing additional mortgage services.

### Market Presence
- **Branches and Locations**: LINKBANK has ten customer solutions centers in Pennsylvania and additional locations in Maryland, Delaware, New Jersey, and Virginia, expanding its geographic footprint significantly after the recent merger with Partners Bancorp.
- **Customer Base**: The bank serves approximately 342 full-time and 36 part-time employees, and it is estimated to have thousands of retail and business customers across its service areas.

### Financial Performance
- **Total Assets**: As of December 31, 2023, LINKBANCORP reported total consolidated assets of approximately $2.67 billion, which is a significant increase from $1.16 billion in the prior year.
- **Total Loans**: The total loan portfolio increased by 141.6% to approximately $2.24 billion as of December 31, 2023, primarily due to growth from mergers.
- **Total Deposits**: Deposits grew by 142.9% to approximately $2.3 billion, reflecting the deposits assumed during mergers.
- **Revenue and Income**: The company reported a net loss of $12.0 million for the year ended December 31, 2023, down from a net income of $5.6 million for the previous year. This was influenced by increased interest expenses and non-interest expenses associated with their recent acquisitions.

### Strategic Focus
LINKBANCORP’s core strategy is to create a positive impact through community banking, emphasizing relationship-building with customers, employees, and the community. The company prioritizes the development of future leaders in the banking industry and contributes to community growth through initiatives like The LINK Foundation, which supports financial literacy and personal growth programs.

### Future Outlook
With a commitment to expanding its market share in Central and Southeastern Pennsylvania and neighboring states, LINKBANCORP aims to leverage technology and existing branch locations while exploring further growth opportunities through additional acquisitions and strategic initiatives. 

### Summary
LINKBANCORP, Inc. is positioned as a regional player in the community banking sector, focused on providing comprehensive banking services while enhancing community engagement, despite facing financial challenges and expenses related to its rapid growth and recent mergers.

LINKBANCORP, Inc.

10-K / March 31, 2025

10-K / March 29, 2024

10-K / March 31, 2025

Company Summary – LINKBANCORP, Inc.

Overview

Core Business

Customer Base & Locations

Revenue & Income

Business Strategy

Recent Key Events