Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 187

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 187
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 at September 30, 2025 and $1.2 billion at December 31, 2024.At September 30, 2025 and December 31, 2024, outstanding advances from the FHLB were as follows:September 30, 2025December 31, 2024Open Repo borrowing at an interest rate of 4.47% and 4.71% at September 30, 2025 and December 31, 2024, respectfully. The maximum amount of the Open Repo borrowing available is $250,000.$121,604 $— Maturities range from 10/15/2025 through 12/30/2025; rates fixed at a range of 4.30% to 4.61%; weighted average rate is 4.44% as of September 30, 2025.50,000 — Total$171,604 $— Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. At September 30, 2025 and December 31, 2024, municipal deposit letters of credit issued by the FHLB on behalf of the Bank naming applicable municipalities as beneficiaries were $283.6 million and $157.7 million, respectively. The letters of credit were utilized in place of securities pledged to the municipalities for their deposits maintained at the Bank.

37

Federal Reserve BorrowingsIn June 2023, the Bank was approved by the Federal Reserve Bank of Philadelphia (the "Federal Reserve") for its Borrower-in-Custody ("BIC") program. At September 30, 2025, the Bank had borrowing capacity through the Federal Reserve BIC program of $208.1 million. Borrowings under the BIC program are overnight advances with interest chargeable at the discount window ("primary credit") borrowing rate. At September 30, 2025, the Bank had pledged certain qualifying loans with an unpaid principal balance of $221.8 million and securities with a carrying value of $62.5 million as collateral.At September 30, 2025 and December 31, 2024, the Bank had no borrowings from the Federal Reserve BIC program and discount window.Other BorrowingsAt September 30, 2025 and December 31, 2024, the Bank had no outstanding borrowings from unaffiliated institutions under overnight borrowing agreements.Subordinated DebenturesIn 2007