Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 58

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 58
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%)Home equity lines of credit290 Valuation of third party appraisal on underlying collateralLoss severity rates27%-38% (36%)Residential Mortgages secured by first liens1,134 Valuation of third party appraisal on underlying collateralLoss severity rates22%-54% (36%)The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2024:FairvalueValuationTechniqueUnobservable InputsRange(WeightedAverage)Collateral-dependent loans receivable:Farmland$352 Valuation of third party appraisal on underlying collateralLoss severity rates37% (37%)Owner-occupied, nonfarm nonresidential properties2,531 Valuation of third party appraisal on underlying collateralLoss severity rates22%-44% (25%)Commercial and industrial2,334 Valuation of third party appraisal on underlying collateralLoss severity rates9%-100% (31%)Other construction loans and all land development loans and other land loans1,196 Valuation of third party appraisal on underlying collateralLoss severity rates38% (38%)Multifamily (5 or more) residential properties19,773 Valuation of third party appraisal on underlying collateralLoss severity rates10% (10%)Non-owner occupied, nonfarm nonresidential5,225 Valuation of third party appraisal on underlying collateralLoss severity rates51% (51%)Home equity lines of credit290 Valuation of third party appraisal on underlying collateralLoss severity rates25%-29% (28%)Residential mortgages secured by first liens1,173 Valuation of third party appraisal on underlying collateralLoss severity rates22%-51% (34%)

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Fair Value of Financial InstrumentsThe following table presents the carrying amount and fair value of financial instruments at March 31, 2025: CarryingFair Value Measurement Using:Total AmountLevel 1Level 2Level 3Fair ValueASSETSCash and cash equivalents$520,157 $520,157 $— $— $520,157 Debt securities available-for-sale516,442 9,651 506,791 — 516,442 Debt securities held-to-maturity282,159 62,108 201,286 — 263,394 Equity securities10,293 8,587 1,706 — 10,293 Loans held for sale860 — 883 —