Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 20

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 20
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 domestic and global economy due to changes to U.S. tariffs and corresponding policy changes by U.S. trading partners, continued elevated interest rates, fluctuating levels of consumer confidence, and geopolitical conflicts. Management will continue to proactively evaluate its estimate of expected credit losses as new information becomes available.Provision for credit losses was $1.6 million for the three months ended March 31, 2025, compared to $1.3 million for the three months ended March 31, 2024. Included in the provision for credit losses for the three months ended March 31, 2025 was a provision of $117 thousand related to the allowance for unfunded commitments compared to $24 thousand benefit related to the allowance for unfunded commitments for the three months ended March 31, 2024.The following tables present the amortized cost basis of loans receivable on nonaccrual status and loans receivable past due over 89 days still accruing as of March 31, 2025 and December 31, 2024, respectively:March 31, 2025NonaccrualNonaccrual With No Allowance for Credit LossLoans Receivable Past Due over 89 Days Still AccruingFarmland$518 $518 $— Owner-occupied, nonfarm nonresidential properties5,508 1,004 131 Commercial and Industrial9,776 9,613 — Other construction loans and all land development and other land loans1,458 34 — Multifamily (5 or more) residential properties20,532 215 — Non-owner occupied, nonfarm nonresidential properties5,688 5,688 5 Home equity lines of credit768 768 — Residential Mortgages secured by first liens8,634 7,865 — Residential Mortgages secured by junior liens298 298 — Other revolving credit plans176 176 — Automobile60 60 — Other consumer663 663 — Credit cards— — 172 Total$54,079 $26,902 $308 December 31, 2024NonaccrualNonaccrual With No Allowance for Credit LossLoans Receivable Past Due over 89 Days Still AccruingFarmland$522 $522 $— Owner-occupied, nonfarm nonresidential properties5,896 1,392