Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 181

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 181
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28%)Residential mortgages secured by first liens1,173 Valuation of third party appraisal on underlying collateralLoss severity rates22%-51% (34%)

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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, 2023:FairvalueValuationTechniqueUnobservable InputsRange(WeightedAverage)Collateral-dependent loans receivable:Farmland$736 Valuation of third party appraisal on underlying collateralLoss severity rates29%-31% (30%)Owner-occupied, nonfarm nonresidential properties5,589 Valuation of third party appraisal on underlying collateralLoss severity rates9%-100% (14%)Commercial and industrial7,425 Valuation of third party appraisal on underlying collateralLoss severity rates8%-75% (31%)Other construction loans and all land development loans and other land loans1,299 Valuation of third party appraisal on underlying collateralLoss severity rates32% (32%)Multifamily (5 or more) residential properties305 Valuation of third party appraisal on underlying collateralLoss severity rates28% (28%)Non-owner occupied, nonfarm nonresidential7,216 Valuation of third party appraisal on underlying collateralLoss severity rates32%-48% (43%)Home equity lines of credit308 Valuation of third party appraisal on underlying collateralLoss severity rates15%-17% (15%)Residential mortgages secured by first liens871 Valuation of third party appraisal on underlying collateralLoss severity rates17%-42% (31%)Fair Value of Financial InstrumentsThe following table presents the carrying amount and fair value of financial instruments at December 31, 2024:  CarryingAmountFair Value Measurement Using:TotalFair Value Level 1Level 2Level 3Assets:Cash and cash equivalents$443,035 $443,035 $— $— $443,035 Debt securities available-for-sale468,546 14,810 453,736 — 468,546 Debt securities held-to-maturity306,081 71,323 211,647 — 282,970 Equity securities10,456 8,765 1,691 — 10,456 Loans held for sale762 — 766 — 766 Net loans receivable4,561,599 — — 4,495,