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JOHNSTOWN
1st Summit Bancorp of Johnstown Inc., parent company of 1st Summit Bank, announced net income of $2.55 million for the third quarter ended Sept. 30, an increase of 2.3% compared to $2.49 million for the second quarter of 2026 and 49.7% compared to $1.70 million for the third quarter of 2025. Net income for the first nine months of 2026 totaled $7.3 million.
Third quarter results are a continuation of the progress established earlier in the year, with strong loan growth, further expansion in net interest margin and stable credit quality. Net interest income increased 3.4% from the prior quarter, while noninterest expense increased just 0.6%, demonstrating continued discipline as the company grows and invests in its future.
JOHNSTOWN
Concurrent Tech recognized
Concurrent Technologies Corp. has been certified by Great Place To Work for the second consecutive year. This recognition is based on current employees' feedback about their experience working at CTC. This year, 95% of employees said CTC is a great place to work, compared with 57% of employees at a typical U.S. company.
In addition, CTC has been recognized on the Best Places to Work in Pennsylvania list 18 times in the large-business category. Seventy-five percent of that program's rankings are based on an anonymous employee engagement and satisfaction survey. CTC has also been recognized nationally for its longstanding commitment to employing and supporting military veterans and their families, earning a place on U.S. Veterans Magazine's Top Veteran Employers list six times and its Top Milspouse Employer list in 2026, and being named a Best for Vets Employer by Military Times 14 times.