Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 81

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 81
---
AnnualRateNoninterest-bearing demand deposits$781,780 — %$793,713 — %$847,793 — %Interest-bearing demand deposits705,488 0.77 853,632 0.54 1,061,452 0.20 Savings3,052,031 3.46 2,666,905 2.92 2,383,918 0.54 Certificates of deposit570,911 3.92 517,017 2.97 351,272 1.40 Total$5,110,210 $4,831,267 $4,644,435 

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At December 31, 2024, the average deposit balance per account for CNB Bank was approximately $34 thousand, which has remained consistently at this level for an extended period.

The following table presents additional information about our December 31, 2024 and 2023 deposits:

December 31, 2024December 31, 2023Time deposits not covered by deposit insurance$58,330 $44,665 Total deposits not covered by deposit insurance1,516,839 1,438,944 

At December 31, 2024, the total estimated uninsured deposits for CNB Bank were approximately $1.5 billion, or approximately 27.71% of total CNB Bank deposits. However, when excluding affiliate company deposits of $101.9 million and pledged-investment collateralized deposits of $429.0 million, the adjusted amount and percentage of total estimated uninsured deposits was approximately $986.0 million, or approximately 18.01% of total CNB Bank deposits as of December 31, 2024.

At December 31, 2023, the total estimated uninsured deposits for CNB Bank were approximately $1.4 billion, or approximately 28.21% of total CNB Bank deposits. However, when excluding affiliate company deposits of $101.3 million and pledged-investment collateralized deposits of $400.5 million, the adjusted amount and percentage of total estimated uninsured deposits was approximately $937.1 million, or approximately 18.37% of total CNB Bank deposits as of December 31, 2023.

Scheduled maturities of time deposits not covered by deposit insurance at December 31, 2024 were as follows:

December 31, 20243 months or less$11,067 Over