Company: CCNE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000736772-25-000087
Chunk: 174

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 174
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 compliance, and developer/lessor financial strength both in the project and globally. At March 31, 2025, the Corporation had the following key metrics related to its office, hospitality and multifamily portfolios:

•Commercial office loans:

◦There were 112 outstanding loans, totaling $109.2 million, or 2.37% of total Corporation loans outstanding;

◦There were no nonaccrual commercial office loans;

◦There were two past due commercial office loans that totaled $216 thousand, or 0.20% of total commercial office loans outstanding; and

◦The average outstanding balance per commercial office loan was $975 thousand.

•Commercial hospitality loans:

◦There were 162 outstanding loans, totaling $323.1 million, or 7.01% of total Corporation loans outstanding;

◦There were no nonaccrual commercial hospitality loans;

◦There was one past due commercial hospitality loan that totaled $157 thousand, or 0.05% of total commercial hospitality loans outstanding; and

◦The average outstanding balance per commercial hospitality loan was $2.0 million.

•Commercial multifamily loans:

◦There were 227 outstanding loans, totaling $373.4 million, or 8.10% of total Corporation loans outstanding;

◦There were two nonaccrual commercial multifamily loans that totaled $20.5 million, or 5.50% 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;

◦There were two past due commercial multifamily loans that totaled $20.5 million, or 5.50% of total commercial multifamily loans outstanding; and

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

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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 March 31, 2025:

 March 31, 2025Commercial OfficeGeographic Region:Buffalo, NY33.75 %Cleveland, OH31.03 Cincinnati, OH10.10 Erie-Meadville, PA6.02 All other geographical regions19.10 Total Commercial Office100.00 %Commercial HospitalityGeographic Region:Buffalo, NY18.60 %Columbus, OH13.90 Pittsburgh,