Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 219

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 219
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 the Corporation. For additional information regarding the Corporation's accounting policies related to credit losses, refer to Note 1, "Summary of Significant Accounting Policies," to the consolidated financial statements in the 2024 Form 10-K and Note 4, "Loans Receivable and Allowance for Credit Losses," to these condensed consolidated financial statements elsewhere in this report.

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The tables below provide an allocation of the allowance for credit losses on loans receivable by loan portfolio segment at March 31, 2025 and December 31, 2024; however, allocation of a portion of the allowance for credit losses to one segment does not preclude its availability to absorb losses in other segments.

March 31, 2025Amount of Allowance AllocatedPercent of Loans in Each Category to Total Loans ReceivableTotal Loans ReceivableRatio of Allowance Allocated to Loans Receivable in Each CategoryFarmland$161 0.64 %$29,398 0.55 %Owner-occupied, nonfarm nonresidential properties5,827 11.29 520,498 1.12 Agricultural production and other loans to farmers39 0.14 6,405 0.61 Commercial and Industrial7,210 15.37 708,690 1.02 Obligations (other than securities and leases) of states and political subdivisions1,371 2.97 137,149 1.00 Other loans326 0.59 27,457 1.19 Other construction loans and all land development and other land loans2,569 6.22 286,564 0.90 Multifamily (5 or more) residential properties3,092 9.24 426,002 0.73 Non-owner occupied, nonfarm nonresidential properties10,172 22.59 1,041,450 0.98 1-4 Family Construction122 0.36 16,470 0.74 Home equity lines of credit1,564 3.89 179,129 0.87 Residential Mortgages secured by first liens9,099 21.76 1,002,969 0.91 Residential Mortgages secured by junior liens1,451 2.32 106,986 1.36 Other revolving credit plans855 0.77 35,360 2.42 Automobile262