Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 99

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 99
---
-term borrowings— 0.00 — — 0.00 — Finance lease liabilities16,005 5.77 458 271 4.45 6 Subordinated notes and debentures105,266 4.13 2,154 104,963 4.35 2,270 Total interest-bearing liabilities4,687,944 2.90 $67,522 4,380,640 3.10 $67,618 Demand—noninterest-bearing821,927 749,124 Other liabilities91,291 82,730 Total liabilities5,601,162 5,212,494 Shareholders' equity626,739 579,991 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$6,227,901 $5,792,485 Interest income/Earning assets5.81 %$168,675 5.85 %$158,988 Interest expense/Interest-bearing liabilities2.90 67,522 3.10 67,618 Net interest spread2.91 %$101,153 2.75 %$91,370 Interest income/Earning assets5.81 %$168,675 5.85 %$158,988 Interest expense/Earning assets2.33 67,522 2.49 67,618 Net interest margin (fully tax-equivalent)3.48 %$101,153 3.36 %$91,370 

(1) Includes unamortized discounts and premiums.

(2) Average yields are stated on a fully taxable equivalent basis (calculated using statutory rates of 21%) resulting from tax-free municipal securities in the investment portfolio and tax-free municipal loans in the commercial loan portfolio. The taxable equivalent adjustment to net interest income for the six months ended June 30, 2025 and 2024 was $525 thousand and $431 thousand, respectively.

(3) Average loans receivable outstanding includes the average balance outstanding of all nonaccrual loans. Loans receivable consist of the average of total loans receivable less average unearned income. In addition, loans receivable interest income consists of loans receivable fees, including PPP deferred processing fees.

(4) Average balance is computed using the fair value of AFS securities and amortized cost of HTM securities. Average yield has been computed using amortized cost average