Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 170

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 170
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 being exercised and exclude $3.4 million of legally binding minimum lease payments for leases signed, but not yet commenced.Lease terms and discount rates related to the Corporation's lease liabilities as of June 30, 2025 and December 31, 2024 were as follows:Lease Term and Discount RateJune 30, 2025December 31, 2024Weighted-average remaining lease term (years)Operating leases22.522.8Finance leases34.334.6Weighted-average discount rateOperating leases4.23 %4.22 %Finance leases5.32 %5.24 %Other information related to the Corporation's lease liabilities as of June 30, 2025 and 2024, respectively, was as follows:Other InformationJune 30, 2025June 30, 2024Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from operating leases$575 $535 

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6.    DEPOSITS

The following table reflects time certificates of deposit accounts included in total deposits and their remaining maturities at June 30, 2025:Time deposits maturing:2025$440,690 2026285,173 202711,644 20285,865 20294,104 Thereafter2,401 $749,877 Certificates of deposits of $250 thousand or more totaled $141.9 million and $131.1 million at June 30, 2025 and December 31, 2024, respectively. The Corporation had $185.0 million in brokered deposits as of June 30, 2025 compared to $185.0 million at December 31, 2024. In addition, the Corporation had $887.3 million and $924.6 million in reciprocal deposits at June 30, 2025 and December 31, 2024, respectively.

7.    BORROWINGS

At June 30, 2025 and December 31, 2024, the Corporation had available one $10.0 million unsecured line of credit with an unaffiliated institution. Borrowings under the line of credit bear interest at a variable rate equal to the Secured Overnight Finance Rate ("SOFR") plus 2.85%. There were no borrowings under the line of credit at June 30, 2025 and December 31, 2024.Federal Home Loan Bank