Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 69

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 69
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31, 2024; and

◦The average outstanding balance per commercial office loan was $1.0 million.

•Commercial hospitality loans

◦There were 170 outstanding loans, totaling $321.6 million, or 6.98% of total Corporation loans outstanding;

◦There were no nonaccrual commercial hospitality loans at December 31, 2024; 

◦There were no past due commercial hospitality loans at December 31, 2024; and

◦The average outstanding balance per commercial hospitality loan was $1.9 million.

•Commercial multifamily loans

◦There were 225 outstanding loans, totaling $367.6 million, or 7.98% of total Corporation loans outstanding;

◦There were two nonaccrual commercial multifamily loan that totaled $20.7 million, or 5.62% of total multifamily loans outstanding. As previously discussed, one customer relationship did have a specific reserve of $885 thousand, while the other customer relationship did not have a related specific loss reserve at December 31, 2024;

◦There were three past due commercial multifamily loans that totaled $21.1 million, or 5.75% of total commercial multifamily loans outstanding at December 31, 2024; and

◦The average outstanding balance per commercial multifamily loan was $1.6 million.

33

The following table summarize the geographic region (based upon metropolitan statistical areas) in which the commercial office, hospitality and multifamily loans were originated as of December 31, 2024:

 December 31, 2024Commercial OfficeGeographic Region:Buffalo, NY32.61 %Cleveland, OH30.29 Cincinnati, OH9.74 Columbus, OH6.40 All other geographical regions20.96 Total Commercial Office100.00 %Commercial HospitalityGeographic Region:Buffalo, NY19.19 %Columbus, OH18.42 Pittsburgh, PA16.74 Cleveland, OH7.61 All other geographical regions38.04 Total Commercial Hospitality100.00 %Commercial MultifamilyGeographic Region:Cleveland, OH44.45 %Buffalo, NY22.48 Columbus, OH16.05 All other geographical regions17.02 Total Commercial Multifamily100.00 %

The Corporation had no commercial office, hospitality or multifamily loan relationships considered by the banking