Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 186

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 186
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 deposit accounts included in total deposits and their remaining maturities at September 30, 2025:Time deposits maturing:2025$333,217 2026694,592 202779,606 202813,772 202910,013 Thereafter6,390 $1,137,590 Certificates of deposits of $250 thousand or more totaled $203.4 million and $131.1 million at September 30, 2025 and December 31, 2024, respectively. The Corporation had $261.9 million in brokered deposits as of September 30, 2025 compared to $185.0 million at December 31, 2024. In addition, the Corporation had $903.2 million and $924.6 million in reciprocal deposits at September 30, 2025 and December 31, 2024, respectively.

8.    BORROWINGS

At September 30, 2025 and December 31, 2024, the Corporation had available one $10.0 million unsecured line of credit with an unaffiliated institution. Borrowings under the line of credit bear interest at a variable rate equal to the Secured Overnight Finance Rate ("SOFR") plus 2.85%. There was $10.0 million in borrowings under the line of credit at September 30, 2025 and no borrowings as of December 31, 2024.Federal Home Loan Bank BorrowingsThe Bank has the ability to borrow funds from the Federal Home Loan Bank of Pittsburgh ("FHLB"). The Bank maintains a $250.0 million line-of-credit (Open Repo Plus) with the FHLB which is a revolving term commitment available on an overnight basis. The term of this commitment may not exceed 364 days and it reprices daily at market rates. Under terms of a blanket collateral agreement with the FHLB, the line-of-credit and long term advances are secured by FHLB stock and the Bank pledges its single-family residential mortgage loan portfolio, certain commercial real estate loans, and certain agriculture real estate loans as security for any advances.Total loans pledged to the FHLB at September 30, 2025, and December 31, 2024 were $3.6 billion and $2.1 billion, respectively. The Bank could obtain advances of up to approximately $1.8 billion from the FHLB