b'A LETTER TO OUR SHAREHOLDERSIt is with great pleasure that we present to you, our valued shareholders, the 2021 annual financial report for CNB Financial Services, Inc., and its wholly owned subsidiary, CNB Bank, Inc.Entering 2021 was met with uncertainty as the world was navigating the ongoing COVID-19 pandemic.Vaccination adoption worldwide sparked optimism as countries began to reopen after months of shutdowns.We witnessed the U.S. stock markets record a third straight year of growth and the nation began to return to normalcy.Inflationary concerns, however, developed and monopolized the news cycles as we experienced higher energy prices, supply chain disruptions and worker shortages.As we were closing the year, the U.S. was experiencing a significant COVID surge.Despite these challenges, CNB Bank experienced steady balance sheet growth and record earnings. The year 2021 marks the 87th year in the banks history.Our strong and community minded founders set a path in 1934 with a customer and community centric mission.Today the bank remains committed to that philosophy through our missionto stimulate the success of our customers, employees, shareholders and all of the communities we serve.Our long-standing focus of responsible growth has led to continued expansion of the Banks assets, earnings, and shareholder value.We remain optimistic about the future; however, the path forward will present headwinds, with the prospect of lingering COVID-related concerns. In addition, the Federal Reserve is signaling a less accommodative money supply, which could translate to an environment of higher interest rates.Although the impact to the economy is mostly unknown, we have confidence in our plans to effectively manage our balance sheet, including a comprehensive and overarching strategic plan to direct our course during uncertain times.Our three pillars; Experience, Intelligence, & Customized Solutions, have served us well and remain our cornerstone as we continuously look to enhance your banking experience.This is always a time for us to reflect on the past year, its challenges, and all that was accomplished.2021 brought with it much success for CNB Bank and we are looking forward to the year ahead.Thank you for your continued loyalty to and confidence in CNB Bank.We remain committed to you and to our vision of cultivating financially healthy communities.Were right here.'