Company: CCNE
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000736772-25-000071
Chunk: 74

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-06
Form: 10-K
Item: Item 7
Chunk 74
---
 losses, refer to Note 1, "Summary of Significant Accounting Policies" and Note 3, "Loans and Allowance for Credit Losses" to these consolidated financial statements.

The table below provides an allocation of the allowance for credit losses on loans by loan portfolio segment at December 31, 2024 and 2023; however, allocation of a portion of the allowance to one segment does not preclude its availability to absorb losses in other segments.

December 31, 2024Amount of Allowance AllocatedPercent of Loans in Each Category to Total LoansTotal LoansRatio of Allowance Allocated to Loans in Each CategoryFarmland$167 0.67 %$31,099 0.54 %Owner-occupied, nonfarm nonresidential properties5,696 11.18 515,208 1.11 Agricultural production and other loans to farmers37 0.14 6,492 0.57 Commercial and Industrial7,759 15.60 718,775 1.08 Obligations (other than securities and leases) of states and political subdivisions1,369 3.05 140,430 0.97 Other loans329 0.61 28,110 1.17 Other construction loans and all land development and other land loans2,571 6.14 282,912 0.91 Multifamily (5 or more) residential properties2,969 8.92 411,146 0.72 Non-owner occupied, nonfarm nonresidential properties10,110 22.42 1,033,541 0.98 1-4 Family Construction198 0.57 26,431 0.75 Home equity lines of credit1,340 3.61 166,327 0.81 Residential Mortgages secured by first liens8,958 21.97 1,012,746 0.88 Residential Mortgages secured by junior liens1,343 2.31 106,462 1.26 Other revolving credit plans960 0.89 41,095 2.34 Automobile275 0.45 20,961 1.31 Other consumer2,892 1.17 53,821 5.37 Credit cards127 0.29 13,143 0.97 Overdrafts257 0.