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CCNB CORPORATION REPORTS FIRST QUARTER EARNINGS

 CCNB CORPORATION REPORTS FIRST QUARTER EARNINGS
 CAMP HILL, Pa., April 23 /PRNewswire/ -- CCNB Corporation


(NASDAQ: CCNC) today reported net earnings of $3,142,000 or $.53 per share for the quarter ended March 31, 1992.
 This compares to net earnings of $1,286,000 or $.22 per share for the first quarter of 1991.
 John V. Petrycki, president and chief executive officer, said, "We are pleased with the first quarter earnings, some of which can be attributed to a higher volume of fee-based income and a strengthening of our basic business. The present low-interest rate environment has begun to generate quality loan demand and we are optimistic this trend will continue through 1992."
 Total assets at March 31, 1992, were $1,168,907,000 compared to $1,239,388,000 for the first quarter in 1991. Shareholders' equity was $90,690,000 on March 31, 1992, compared to $98,702,000 for the same date in 1991.
 At quarter end, CCNB had a return on assets of 1.08 percent and a return on shareholders' equity of 13.86 percent. The corporation's tier-one capital ratio was 10.23 percent at March 31, which compares favorably to 9.55 percent reported for year-end 1991.
 Chairman of the Board Rocco A. Ortenzio said, "The latest figures exemplify the continuing hard work put forth by management and employees at CCNB. Changes in policies and procedures which have been established reflect our commitment and investment in the future."
 CCNB is a multibank and thrift holding company based in Hampden Township, Pa., and is the parent company of CCNB Bank, The Gettysburg National Bank, and Parent Federal Savings Bank.
 CCNB CORPORATION
 Three months ended March 31 1992 1991
 Net income $3,142,000 $1,286,000
 Income per share $.53 $.22
 Dividend paid per share .20 .20
 Book value per share $15.23 $16.77
 Provision for loan losses $604,000 $641,000
 /delval/
 -0- 4/23/92
 /CONTACT: Michael S. Borocz, treasurer of CCNB, 717-730-2423/
 (CCNC) CO: CCNB Corporation ST: Pennsylvania IN: FIN SU: ERN


CC-MK -- PH039 -- 2003 04/23/92 14:47 EDT
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Date:Apr 23, 1992
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