Company: CCNE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000736772-25-000169
Chunk: 219

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 219
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4.66 3 Subordinated notes and debentures105,304 4.10 1,076 105,001 4.36 1,138 Total interest-bearing liabilities4,680,897 2.88 $33,574 4,426,938 3.17 $34,935 Demand—noninterest-bearing829,328 761,270 Other liabilities90,963 83,549 Total liabilities5,601,188 5,271,757 Shareholders' equity633,848 583,221 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$6,235,036 $5,854,978 Interest income/Earning assets5.89 %$86,036 5.89 %$80,866 Interest expense/Interest-bearing liabilities2.88 33,574 3.17 34,935 Net interest spread3.01 %$52,462 2.72 %$45,931 Interest income/Earning assets5.89 %$86,036 5.89 %$80,866 Interest expense/Earning assets2.30 33,574 2.55 34,935 Net interest margin (fully tax-equivalent)3.59 %$52,462 3.34 %$45,931 

(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 three months ended June 30, 2025 and 2024 was $265 thousand and $214 thousand, respectively.

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(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 balance for AFS and HTM securities. The adjustment to the average balance for securities in the calculation of average yield for the three months ended June 30,